Wesdome Gold Mines Ltd. (OTCQX: WDOFF) announced on January 20, 2026 that Chief Operating Officer Guy Belleau will depart the company effective January 30, 2026. Belleau has overseen safe operations and production improvements at both Eagle River (Ontario) and Kiena (Québec) since 2019. The board has appointed Tyler Mitchelson as interim COO. Mitchelson brings more than 15 years of mining leadership experience, most recently as Senior Vice President, Copper Growth at Teck Resources, where he led development of a copper and zinc portfolio. He previously held executive roles at Anglo American, Royal Nickel Corporation and Vale Inco, and is a Chartered Accountant with a Bachelor of Commerce (Honours) from the University of Manitoba. Management expects a seamless transition to sustain operational performance and strategic execution.

Wesdome (OTCQX: WDOFF) delivered record annual gold production of 185,575 ounces in 2025, up 8% over 2024, driven by strong mill throughput of 476,614 tonnes and aggregate head grade of 12.3 g/t across Eagle River and Kiena. Free cash flow generation surged, tripling the cash position to more than $350 million. For 2026, the company projects consolidated gold production of 180,000 to 205,000 ounces, with Eagle River contributing 105,000 to 115,000 ounces at grades of 13.0–14.0 g/t and Kiena yielding 75,000 to 90,000 ounces at grades of 8.0–9.5 g/t. Total capital investment is forecast at $205 million, including $95 million in growth capital to support new mining areas at Kiena and infrastructure upgrades at Eagle River. Cash costs are expected in the range of US$1,050–1,150 per ounce and all-in sustaining costs of US$1,525–1,700 per ounce. The company has repurchased 706,100 shares under its issuer bid for a total of $14.4 million, representing 25% of the authorized program, and remains positioned to generate meaningful free cash flow sensitivity of approximately $20 million per US$100/oz change in realized gold prices.