Wesdome Posts Updated Mineral Reserve, Initiates Cash Dividend, Expands Share Buybacks

Wesdome Gold Mines (WDO.TO) released the results of its updated mineral reserve and mineral resource statement, effective Dec. 31, 2025, outlining an extended eight-year mine life for the Eagle River and Kiena mines.

Proven and probable mineral reserves increased to 5.4 million tonnes at 7.9 grams per tonne gold for 1.4 million ounces, led by a 39% reserve growth at Eagle River.

Inferred mineral resources rose 87% to 15.1 Mt at 2.5 g/t Au for 1.2 Moz.

Consolidated gold production is forecast to climb to 185,000 to 230,000 ounces in 2028, from a previous estimate of 180,000 to 205,000 ounces. Eagle River is expected to contribute 100,000 to 120,000 ounces per year in 2027 and 2028, and Kiena is expected to contribute 85,000 to 110,000 ounces by 2028.

The production profile is forecast to rise up to 230,000 ounces by 2028, with consolidated all-in sustaining costs projected to stay mostly in line with 2026 guidance of US$1,525 to US$1,700 per ounce.

Separately, Wesdome's board declared a quarterly cash dividend of C$0.0306 per common share, payable Sept. 29 to shareholders of record as of the close of business on Sept. 15. On an annualized basis, the dividend is C$0.1224 per share.

In addition, the Toronto Stock Exchange approved the company's notice of intention to repurchase 3 million additional shares under its ongoing 12-month normal course issuer bid ending Nov. 6. This brings up the total number of shares Wesdome will repurchase to 9.0 million, representing about 6% of its public float.

Blue Moon Metals Reports Major Development Milestones at Its Nussir Project in Norway

Blue Moon Metals (MOON.V, BMM) after trade Wednesday detailed several milestones for its Nussir copper-silver-gold project in Norway.The company said it awarded the engineering, procurement, and construction contract to MOMEK Services AS for the project's processing plant. It added that the award aligns with its execution plan set out in the April feasibility study on the project and furthers the project towards full-scale construction and production in the fourth quarter of 2027.In addition, the Norwegian Environment Agency approved the project's Waste Management Plan and updated discharge permit. The Norwegian Directorate of Mines also approved the project's revised mine operating plan, according to the statement."With our permitting framework now complete, our long-lead equipment on order, our mine decline advancing to the orebody, and our key construction contracts in place, we are on track to deliver production later in 2027," Chief Executive Christian Kargl-Simard said.The company's shares closed down C$0.57 to C$7.88 on the TSX Venture Exchange.

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Evertz Technologies Reports Higher Profit, Revenue for Fiscal Fourth Quarter

Evertz Technologies (ET.TO) after trade Wednesday said its fiscal fourth-quarter profit and revenue rose year-over-year.The video and audio technologies company earned C$15.3 million, or C$0.20 per diluted share, in the period, up from C$13 million, or C$0.17, a year ago. FactSet expected C$0.19 per share.Revenue rose 3% for the quarter ended April 30 to C$131.6 million from C$127.8 million a year prior. FactSet projected C$130.7 million.For the quarter, revenue in the US. and Canada was C$94.2 million, down from C$106.5 million a year ago. Revenue in the International region was C$37.4 million, up C$16.1 million from C$21.3 million in the same quarter last year, the company said.The board declared a regular quarterly dividend of C$0.205 per share, payable to shareholders of record on July 6 and will be paid on or about July 13.The company's share closed up C$0.28 to C$16.52 on the Toronto Stock Exchange.

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Wesdome Posts Updated Mineral Reserve, Initiates Cash Dividend, Expands Share Buybacks

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