Wesdome Gold Mines Ltd. announced that COO Guy Belleau will depart effective January 30, 2026. Belleau’s tenure saw the safe delivery of over 350,000 ounces of gold and the advancement of brownfield exploration at Eagle River and Kiena. Interim COO Tyler Mitchelson, formerly Senior VP of Copper Growth at Teck Resources (2022–2025), brings experience leading multi-hundred-million-dollar project portfolios and prior CEO roles at Royal Nickel and Metallurgical Coal. His Chartered Accountant background and track record in operational execution position him to sustain production momentum and advance strategic growth initiatives.

In 2025, Wesdome achieved record consolidated gold production of 185,575 ounces (up 8% year-over-year), with 112,767 ounces at Eagle River and 72,808 ounces at Kiena. Total ore milled rose 9% to 476,614 tonnes, while free cash flow strength nearly tripled the cash balance to over CAD 350 million. Production sold reached 188,031 ounces. The company noted exceptional safety performance and maintained discipline on costs, driving significant margin expansion and strengthening the balance sheet ahead of planned 2026 investments.

Wesdome forecasts consolidated gold output of 180,000–205,000 ounces in 2026, with Eagle River targeting 105,000–115,000 ounces at grades of 13.0–14.0 g/t and Kiena 75,000–90,000 ounces at 8.0–9.5 g/t. Total capital investment is set at CAD 205 million, split CAD 105 million at Eagle River (including CAD 15 million for camp and infrastructure upgrades) and CAD 100 million at Kiena (with CAD 21 million for ramp development and CAD 21 million for ventilation upgrades). An exploration budget of CAD 55 million will drive step-out drilling to expand the resource base, while free cash flow sensitivity of approximately CAD 20 million per USD 100/oz gold price change underpins ongoing share repurchases under the normal course issuer bid.