- Business
- Wesdome Gold Mines Ltd. is a Canadian gold producer focused on the exploration, development and production of gold resources from high-grade underground mines. The company operates the flagship Eagle River mine near Wawa, Ontario, which produces approximately 100,000 to 110,000 ounces of gold annually, and the Kiena mine in Val d'Or, Quebec, ramping up to 90,000 to 100,000 ounces in 2025; it also holds the nearby Mishi open-pit mine and maintains extensive brownfield and greenfield exploration pipelines across its properties in Ontario and Quebec. Founded in 1976 and headquartered in Toronto, Ontario, Wesdome targets the Canadian gold mining sector with a portfolio encompassing underground mining, milling facilities with spare capacity, and advanced geophysical and drilling programs to delineate high-grade zones. In April 2025, Wesdome announced the $40 million acquisition of Angus Gold Inc., expanding its land position by 400 square kilometers in Ontario's Mishibishu Lake greenstone belt adjacent to Eagle River and enhancing its greenfield exploration targets; the deal closed in June 2025. The company reported record third-quarter 2025 results in November, including strong production growth, 112% higher gross profit and 78% improved operating cash margins year-over-year, alongside ongoing exploration successes such as high-grade extensions at Eagle River's Falcon 311 Zone and a new zone at Kiena's Dubuisson deposit.