Video News/BMO Capital Markets 2026

Wesdome Gold Mines (TSX: WDO) delivered record 2025 production of 185,000 ounces and ended the year with $356 million in cash and zero debt, positioning the company to accelerate its organic growth strategy. Speaking at the 2026 BMO Metals Mining & Critical Minerals Conference, President and CEO Anthea Bath said Wesdome generated about $250 million in free cash flow in 2025 and expects to generate roughly $350 million in 2026 at budget assumptions below $4,000 gold. “Wes generated about $250 million in free cash last year,” she said. With mill utilization currently running between 30% and 60% at Eagle River and Kiena, Wesdome is advancing a “fill the mill” strategy aimed at increasing throughput, extending mine life and lowering unit costs without significant new mill capital. The company completed approximately 200 kilometers of drilling in 2025 and plans about 270 kilometers in 2026 across roughly 250 exploration targets, with updated resource disclosures expected in June and technical reports anticipated in the second half of 2026. Bath said Wesdome is targeting mid-tier scale of 400,000 to 500,000 ounces annually while maintaining disciplined capital allocation and evaluating high-quality acquisition opportunities.