Wesdome Appoints Interim COO, Posts Record 185,575 Ounce Gold Output and 2026 Guidance
COO Guy Belleau departs January 30, 2026, with Tyler Mitchelson, ex-Teck Resources SVP, named interim COO. Wesdome achieved record 185,575-ounce gold production in FY2025, tripled cash to C$350 million, and guides 180,000–205,000 ounces for 2026 at US$1,050–1,150/oz cash costs.
1. Senior Management Transition
Wesdome Gold Mines Ltd. has announced that Chief Operating Officer Guy Belleau will depart effective January 30, 2026. President and CEO Anthea Bath expressed gratitude for Belleau’s contributions to safety and operational performance during his tenure. Tyler Mitchelson, formerly Senior Vice President, Copper Growth at Teck Resources Limited, will assume the COO role on an interim basis. Mitchelson brings over a decade of executive mining experience, including CEO roles at Metallurgical Coal and Royal Nickel Corporation, and holds a Bachelor of Commerce (Honours) from the University of Manitoba and a Chartered Accountant designation.
2. Record Production and 2026 Outlook
Wesdome delivered a record 185,575 ounces of consolidated gold in 2025, up 8% year-over-year, driven by 112,767 ounces at Eagle River and 72,808 ounces at Kiena. Free cash flow generation tripled the cash position to over C$350 million. For 2026, the Company forecasts 180,000–205,000 ounces of production, comprising 105,000–115,000 ounces at Eagle River (13.0–14.0 g/t) and 75,000–90,000 ounces at Kiena (8.0–9.5 g/t). Total capital investment is budgeted at C$205 million, including C$95 million in growth capital for infrastructure, exploration ramp development and drilling programs. Cash costs are expected at US$1,050–1,150 per ounce, with all-in sustaining costs of US$1,525–1,700 per ounce. Exploration expenditures of C$55 million will focus on step-out drilling to expand reserve and resource profiles ahead of a June technical update.