Wesdome Achieves Record Gold Production in 2024 and Targets Growth in 2025 and Beyond

By Kevin Vincent
Wesdome Gold Mines Ltd. has reported record gold production of 172,034 ounces for 2024, a 39% increase from the previous year. This milestone reflects strong operational performance from its high-grade assets in Ontario and Quebec. Looking ahead, Wesdome forecasts continued growth with production guidance of 190,000 to 210,000 ounces for 2025 at an all-in sustaining cost (AISC) of $1,325 to $1,475 per ounce.
“In 2024, we met our production guidance for the second year in a row while improving health and safety performance,” said Anthea Bath, President and CEO. “This record production highlights the strength of our team and operational foundation. As we move into 2025, our focus remains on safe, responsible operations and unlocking the value of our high-grade assets to drive sustainable growth and returns for shareholders.”
2024 Highlights
• Record production: Achieved 172,034 ounces, a 39% increase from 2023.
• Cost efficiency: Maintained costs in the lower half of the industry cost curve.
• Operational excellence: Improved health and safety performance, underpinned by disciplined execution.
2025 Outlook
Wesdome’s growth in 2025 will be driven by a full year of production from the high-grade Kiena Deep Zone in Quebec and the addition of ore from the Presqu’île Zone later in the year. The Eagle River Mine in Ontario will continue to benefit from development and efficiency improvements, contributing to the Company’s production guidance of 190,000 to 210,000 ounces.
The Company is also advancing its fill-the-mill strategy, which aims to optimize mine planning and increase throughput to sustain long-term production growth.
Exploration Program
Exploration remains a cornerstone of Wesdome’s strategy, with a record $38 million budget allocated for 2025. Key initiatives include:
• Expanding high-grade zones such as Kiena Deep and the 300 Zone at Eagle River.
• Targeting shallower zones like Dubuisson and 6 Central to extend mine life.
• Delivering resource and reserve growth to enhance asset value.
Long-Term Growth
Wesdome has also outlined preliminary production guidance of 195,000 to 220,000 ounces for 2026, with ongoing investments in infrastructure to support sustained growth. As part of its vision, the Company is focused on increasing margins through continuous operational improvements and strategic investments.
“With a strong balance sheet and robust free cash flow, Wesdome is well positioned to capitalize on its high-grade portfolio and deliver long-term value,” added Bath.
Wesdome’s commitment to operational excellence, exploration, and strategic growth positions it as a leading all-Canadian, low-cost gold producer with a bright future ahead.
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