Wesdome Gold Mines (TSE:WDO) Full Year 2023 Results
Key Financial Results
- Revenue: CA$333.2m (up 26% from FY 2022).
- Net loss: CA$6.19m (loss narrowed by 58% from FY 2022).
- CA$0.042 loss per share (improved from CA$0.10 loss in FY 2022).
WDO Production and Reserves
Gold
- Production: 123.34 troy koz (110.85 troy koz in FY 2022)
- Proved and probable reserves (ore): 2.778 Mt
- Number of mines: 2 (3 in FY 2022)
All figures shown in the chart above are for the trailing 12 month (TTM) period
Wesdome Gold Mines EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
The primary driver behind last 12 months revenue was the Eagle River Mine segment contributing a total revenue of CA$240.6m (72% of total revenue). Notably, cost of sales worth CA$299.5m amounted to 90% of total revenue thereby underscoring the impact on…
