Wesdome Announces First Quarter 2024 Production Results; Provides Timing of First Quarter Financial Results - Seite 2

At Eagle River, processing of higher grade material drove outperformance compared to plan. Development performance related to the 300 Zone continues to perform in line with budget.

At the Kiena Mine, development and stope preparation activities advanced during the quarter as the site readies to ramp up and process higher grade material in the second quarter. We note that grade processed during the first quarter reflects a greater proportion of ore from the lower grade Martin Zone.

On the back of gold price strength and an increase in cash generation by our operations, we also took the opportunity late in the quarter to reduce the outstanding balance under our revolving credit facility by $10 million. With cash flows expected to increase in the coming months, we remain on track to close out the remaining balance on the facility by the third quarter,” Ms. Bath added.

First Quarter 2024 Conference Call and Webcast
The Company will release its first quarter 2024 financial results after market close on Wednesday, May 8, 2024. At that time, the financial statements and management discussion and analysis will be available on the company’s website at www.wesdome.com and on SEDAR+ www.sedarplus.com. A conference call and webcast to discuss these results will be held on Thursday May 9, 2024 at 10:00 am ET.

• Participants may register for the call at the link below to obtain dial in details. Pre-registration is required for this event. It is commended you join 10 minutes prior to the start of the event.
• Participant Registration Link: https://register.vevent.com/register/BIb3d4c24682cc47be837474d56040148 ...
• Webcast Link: https://edge.media-server.com/mmc/p/788zurbf
• The webcast can also be accessed under the news and events section of the company’s website

About Wesdome Gold Mines Ltd.
Wesdome is a Canadian focused gold producer with two high grade underground assets, the Eagle River mine in Ontario and the recently commissioned Kiena mine in Quebec. The Company’s primary goal is to responsibly leverage this operating platform and high-quality brownfield and greenfield exploration pipeline to build Canada’s next intermediate gold producer. Wesdome trades on the Toronto Stock Exchange under the symbol “WDO,” with a secondary listing on the OTCQX under the symbol “WDOFF.”