Revenue distribution by industry:

• Gold mining: 100% (2026)

TOP 3 markets and their percentage shares:

• Canada: 60%
• USA: 25%
• Europe: 15%

Wesdome Gold Mines Ltd. generates all its revenue from gold mining. The company is heavily focused on the Canadian market, which accounts for the largest share of total revenue. The USA and Europe follow as important export markets, with demand for gold in these regions also being significant. The focus on these markets enables Wesdome to benefit from stable political and economic conditions.

Production sites of Wesdome Gold Mines Ltd.:

1. Eagle River Complex: Wawa, Ontario, Canada
2. Kiena Complex: Val-d'Or, Quebec, Canada

Wesdome Gold Mines Ltd. mainly operates two production sites in Canada. The Eagle River Complex in Ontario is known for its high-grade gold deposits. The Kiena Complex in Quebec was restarted after a temporary shutdown and is now also contributing to production. Both sites are strategically important for the company and significantly contribute to gold production.

Growth Strategy: Increase in gold production by 20% by 2028
Investments: 150 million CAD in exploration and development (2026-2028)
Focus: Sustainability and cost efficiency

Wesdome Gold Mines Ltd. plans to significantly increase its gold production in the coming years. The company has announced its intention to increase production by 20% by 2028 by optimizing existing mines and developing new projects.

A key component of the growth strategy is the investment of 150 million CAD in the exploration and development of new resources. These investments are intended to extend the mines' lifespan and increase production capacity.

Furthermore, Wesdome places great emphasis on sustainability and cost efficiency to reduce operating costs and minimize environmental impact. This includes the use of new technologies and improving energy efficiency in their operations.

Main raw material: Gold

Imported materials: Chemicals and equipment for mining

Main supplying countries: USA, Canada, China

Wesdome Gold Mines Ltd. is mainly engaged in gold mining and therefore does not import raw materials like gold itself. Instead, the company imports materials and equipment necessary for the mining process. This includes chemicals for gold processing and specialized mining equipment.

The USA and Canada are the main suppliers of mining equipment and technologies, while China is often a source of more cost-effective chemicals and machine components. These imports are crucial to ensure the efficiency and sustainability of mining operations.

Market Share: Estimated 5% in the Canadian gold mining sector (2026)

Production Costs: $1,050 per ounce (2025)

Gold Production: 120,000 ounces (2025)

Wesdome Gold Mines Ltd. has established a solid competitive advantage in the Canadian gold mining sector. The company benefits from relatively low production costs, allowing it to remain profitable even in times of low gold prices. With production costs of around $1,050 per ounce, Wesdome is below the industry average, thanks to efficient operations and modern technologies.

Furthermore, through continuous investments in exploration and technology, Wesdome has increased its gold production to approximately 120,000 ounces per year. This strengthens its position in the market and enables the company to benefit from rising gold prices.

Another competitive advantage stems from the strategic location of the mines in politically stable regions of Canada, minimizing the risk of operational disruptions. The ability to quickly respond to market changes, along with a strong balance sheet, also support Wesdome Gold Mines Ltd.'s competitive position.

Institutional Investor Share: Approximately 60% (estimated, 2026)

Insider Buys/Sells: No significant changes in the last year (estimated, 2026)

The institutional investor share in Wesdome Gold Mines Ltd. is estimated to be around 60%. This demonstrates a strong confidence from institutional investors in the company's long-term performance.

Regarding insider transactions, there have been no significant buys or sells in the last year, indicating a stable assessment of the company's value by management. It is important to regularly review this information as it can provide insights into the executives' confidence in the company's future development.

Market Share of Wesdome Gold Mines Ltd.: Estimated 2-3% (2026)

Top Competitors and Their Market Shares:

1. Barrick Gold Corporation: approx. 15%
2. Newmont Corporation: approx. 14%
3. Agnico Eagle Mines Limited: approx. 10%
4. Kinross Gold Corporation: approx. 8%
5. Gold Fields Limited: approx. 7%
6. AngloGold Ashanti Limited: approx. 6%
7. Yamana Gold Inc.: approx. 5%
8. Kirkland Lake Gold Ltd.: approx. 4%
9. B2Gold Corp.: approx. 3%
10. Wesdome Gold Mines Ltd.: approx. 2-3%

Wesdome Gold Mines Ltd. is a smaller player compared to major gold producers like Barrick Gold and Newmont Corporation. Wesdome's market share is estimated at 2-3%, indicating that the company operates in a highly competitive market.

Wesdome Gold Mines Ltd.'s economic moat is limited compared to larger companies. Major players like Barrick and Newmont benefit from significant advantages such as economies of scale, access to capital, and diversified geographic presence, providing them with a stronger economic moat.

However, Wesdome could potentially gain a competitive edge through specialized projects, efficient production methods, or high-quality mine locations. Nevertheless, the economic moat remains relatively small compared to the industry's top companies.

Gold production: 120,000 ounces (2025)
Operating cash flow: 150 million CAD (2025)
Exploration expenditures: 30 million CAD (2025)

Wesdome Gold Mines Ltd. achieved a gold production of 120,000 ounces in 2025, indicating a stable operational performance. The operating cash flow of 150 million CAD shows that the company is able to generate significant liquidity, which can be useful for financing future projects and reducing debt.

The exploration expenditures of 30 million CAD suggest that Wesdome is actively investing in exploring new resources, offering potential for future growth and reserve increase. This strategy could lead to a long-term increase in production and higher revenues.

Overall, Wesdome Gold Mines Ltd. demonstrates a solid operational foundation and a forward-looking investment strategy. This could make the stock an attractive investment opportunity, especially for investors interested in stability and growth potential in the gold sector.

Dividend: No dividend (as of 2026)

Wesdome Gold Mines Ltd. has not paid any dividends in the past and continues this trend in 2026. The company focuses on reinvesting profits into the exploration and development of its mining projects to ensure long-term growth.

The reliability of the dividend policy is therefore not relevant as no payouts are made. Investors who invest in Wesdome Gold Mines Ltd. typically do so because of the potential for capital growth rather than dividend income.