Wesdome Gold Mines Ltd. announced that Chief Operating Officer Guy Belleau will leave the Company effective January 30, 2026. Belleau’s departure follows five years during which he oversaw operational safety and production ramp-up at Eagle River and Kiena. Tyler Mitchelson, formerly Senior Vice President, Copper Growth at Teck Resources from 2022 to 2025, assumes the COO role on an interim basis. Mitchelson brings a track record of delivering complex project development and integration at Teck, Anglo American and Royal Nickel, and holds a Bachelor of Commerce (Honours) and Chartered Accountant designation from the University of Manitoba.

WDOFF delivered record annual gold production of 185,575 ounces in 2025, a 7.8% increase over the prior year. Eagle River contributed 112,767 ounces from 257,447 tonnes milled at 14.1 grams per tonne, while Kiena achieved 72,808 ounces from 219,167 tonnes at 10.5 grams per tonne. Fourth-quarter output totaled 46,638 ounces, with Eagle River supplying 23,861 ounces and Kiena 22,777 ounces. Production sold reached 188,031 ounces, up 12.4% year-over-year, driving strong free cash flow that nearly tripled the Company’s cash balance to over $350 million at year-end.

Wesdome forecasts consolidated gold output of 180,000 to 205,000 ounces in 2026, with Eagle River slated for 105,000–115,000 ounces at 13.0–14.0 g/t and Kiena for 75,000–90,000 ounces at 8.0–9.5 g/t. Cash costs are expected in the range of US$1,050–1,150 per ounce, with all-in sustaining costs of US$1,525–1,700 per ounce. Depreciation and depletion charges are budgeted at CA$130 million, corporate and general expenses at CA$30 million, and exploration and evaluation at CA$30 million. The Company anticipates sustaining capital of CA$110 million and growth capital of CA$95 million, for total capital spend of CA$205 million.

Wesdome’s 2026 plan includes a CA$55 million exploration program targeting step-out drilling at Eagle River and Kiena to extend mine life and expand resources ahead of a June mineral reserve update. Infrastructure investments include CA$27 million at Eagle River for camp expansion and equipment upgrades, and CA$42 million at Kiena for ventilation and development of Presqu’île. The Company will maintain its normal course issuer bid, having repurchased 706,100 shares for CA$14.4 million since last fall, and remains poised to deploy free cash flow—sensitive to US$20 million per US$100/oz gold price change—into long-term value creation initiatives.