Wesdome Gold Mines (WDO) Corporate presentation summary

Strategic vision and growth outlook

• Targeting long-term free cash flow visibility with record mineral reserves and an 8-year reserve-based mine plan, supporting organic growth and robust shareholder returns.

• Consolidated gold production expected to reach up to 230,000 ounces annually by 2028, with stable all-in sustaining costs (AISC) supporting resilient margins.

• Multi-year exploration strategy with a $55M budget for 2026 and 270 km of drilling, aiming to convert resources and test new targets at both Eagle River and Kiena.

• Exploration targets across both properties represent a potential of 2.4–6.3 million ounces of gold, with systematic prioritization for near-mine, advanced, and greenfield opportunities.

• Focus on disciplined M&A, cost optimization, and leveraging Tier 1 jurisdictions for sustainable growth.

Operational and financial performance

• Achieved record mineral reserves: 1.39 Moz at 7.9 g/t Au, with inferred resources nearly doubled to 1.2 Moz.

• 2026 consolidated production guidance: 180,000–205,000 oz at AISC of US$1,525–1,700/oz; Eagle River: 105,000–115,000 oz at 13.0–14.0 g/t, Kiena: 75,000–90,000 oz at 8.0–9.5 g/t.

• Cumulative free cash flow of $0.9B–$1.4B projected for 2026–2028, with a 40% average FCF margin and 20% FCF yield.

• Initiated quarterly dividend and expanded share buyback, returning $145M to shareholders since November 2025.

• Q1 2026 financials: $299.8M revenue, $118.9M net income, $161.8M operating cash flow, $125.9M free cash flow, and $430.6M cash on hand.

Asset highlights and exploration

• Eagle River and Kiena are among Canada’s highest-grade gold mines, with reserve grades of 7.3 g/t and 8.7 g/t Au, respectively.

• Eagle River: 400 km² land package, 2M+ oz produced since 1995, open at depth with high-grade continuity and multiple near-mine and greenfield targets.

• Kiena: 75 km² in Val-d'Or, Quebec, 2M+ oz produced, open at depth with high-grade extensions and bulk tonnage potential at Dubuisson.

• Over 100 exploration targets identified at Eagle River, with 145,000+ metres of drilling planned for 2026.

• Kiena exploration targets total 895–2,910 koz Au, with a focus on near-mine and regional opportunities.