Wesdome Reports Strong Second Quarter 2026 Results and Reaffirms Full-Year Production and Cost Guidance

Wesdome Gold Mines Ltd. (TSX: WDO) (OTCQX: WDOFF) today announced its financial results for the three and six months ended June 30, 2026 (" Q2 2026 " and " H1 2026 "). Preliminary operating results for Q2 2026 were disclosed in the Company's press release dated July 13, 2026 . Management will host a webcast tomorrow morning, August 14, 2026 at 10:00 a.m. ET to discuss its results. All amounts are expressed in Canadian dollars unless otherwise indicated. Q2 2026 Highlights Strong safety performance : High Potential Incident Frequency Rate declined 69% year-over-year to 0.67, reflecting the strong commitment to safety across the organization. Total Recordable Incident Frequency Rate of 1.67 in Q2 2026. Production and costs : Consolidated gold production for the second quarter was 43,824 ounces, a 2% increase compared to Q2 2025. Q2 2026 cash costs per ounce of gold sold increased by 45% to US$1,342 and all-in sustaining costs ("AISC") per ounce of gold sold increased by 15% to US$1,763 compared to Q2 2025. Revenue growth : Consolidated Q2 2026 revenue increased by 28% to $267 million compared to Q2 2025. The average realized price of gold sold was US$4,365 per ounce in Q2 2026. Expanding margins : Gross profit increased by 22% year-over-year in Q2 2026 to $161 million and operating cash margin grew by 23% to $184 million. Net income : Q2 2026 net income of $94 million, or $0.64 earnings per share, an increase of $11.3 million compared to Q2 2025. EBITDA was $170 million in Q2 2026, a 23% increase relative to Q2 2025. Cash flow : Q2 2026 net cash from operating activities was $88 million, or $0.59 per share, with free cash flow of $42 million, or $0.28 per share. Free cash flow decreased to $42 million, or $0.28 per share, from $53 million, or $0.35 per share, in Q2 2025 driven by higher net income offset by a combined increase in tax payments, receivables, supplies inventories, mine exploration and development and capital equipment purchases. Strong liquidity position : As at June 30, 2026, the Company had liquidity of $746 million, including $391 million in cash and US$250 million of undrawn full capacity available under its revolving credit facility. Expanded capital returns: The Company is delivering capital returns to shareholders while preserving flexibility to act opportunistically, within a framework that continues to prioritize fully funded organic growth: Dividend declaration : On June 24, the Company declared a quarterly cash dividend of $0.0306 per common share or $0.1224 per common share on an annualized basis. Share buyback expansion : Through Q2 2026, the Company purchased and cancelled 3.2 million common shares for approximately $82 million at an average price of $25.66 per share. On June 24, 2026, the Company announced it was expanding its normal course issuer bid, authorizing the purchase of an incremental 3.0 million shares, bringing the total aggregate number of shares the Company intends to repurchase up to approximately 9.0 million shares or 6% of its public float. In July 2026, the Company repurchased an additional 1.8 million shares for approximately $46 million. The total number of shares purchased at the end of July was 7.8 million shares. Updated technical reports confirm extended mine lives and growth potential at Eagle River and Kiena: Filed independent NI 43-101 technical reports for Eagle River and Kiena, confirming 1.4 million ounces of consolidated proven and probable reserves and 8-year reserve-based mine plans through 2033 at both operations, with significant organic growth potential from resource conversion and exploration targets. Kiena ramp breakthrough achieved, enhancing operational flexibility: Kiena's new ramp reached surface in Q2 2026, establishing continuous ramp access that boosts underground materials and equipment flexibility and enables the ongoing ventilation expansi...