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Operates the Eagle River and Kiena underground gold mines in Ontario and Quebec, Canada.
Operates the Eagle River and Kiena underground gold mines in Ontario and Quebec, Canada.
Sells gold at the world price in US dollars while paying its costs in Canadian dollars, so the exchange rate matters alongside gold. Its mines are high-grade, meaning each tonne of rock yields more gold, and the Kiena mine is the main growth project.
Moat: narrow (installed base, regulatory licence). High-grade, permitted Canadian underground mines in low-political-risk jurisdictions.
Headquarters: Toronto, Canada · Employees: 1,259
Size Wesdome Gold Mines (WDO.TO) is a Canada Materials company (Precious Metals) with a market value of $2.92B, the 160th largest of 420 Canada companies the cockpit tracks. Shares closed at C$28.46 on 6 Nov 2026.
Performance Over six months the shares gained 6.2%, against -16.8% for the median peer and +5.2% for the Canada market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 49.5% over the last twelve months (peer median +56.6%); the operating margin is 56.6% (peer median 43.8%).
Valuation It trades at 7.8× forward earnings against a peer median of 8.7× (6th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +34%, so the hurdle is -44 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 62.6 points above its cost of capital (7.7% WACC).
Next results Next results expected around 11 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$1.08B | C$914M | C$558M | C$333M | C$265M |
| Revenue growth | — | +64% | +68% | +25% | — |
| Gross profit | C$657M | C$547M | C$230M | C$29.0M | C$35.9M |
| EBITDA | C$711M | C$598M | C$304M | C$102M | C$66.2M |
| Net income | C$417M | C$349M | C$135M | -C$6.19M | -C$14.7M |
| Free cash flow | C$344M | C$277M | C$119M | -C$4.29M | -C$83.2M |
| Capital expenditure | C$179M | C$178M | C$119M | C$101M | C$146M |
| Total debt | C$7.45M | C$3.40M | C$881,000 | C$42.5M | C$64.0M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Wesdome Gold Mines WDO.TO | $2.92B | +6% | +49% | 57% | 7.8× | -10.7% |
| Alamos Gold AGI.TO | $13.4B | -22% | +41% | 57% | 11.3× | 7.8% |
| Agnico Eagle Mines AEM.TO | $98.4B | +6% | +41% | 59% | 16.9× | 8.4% |
| IAMGOLD IMG.TO | $10.8B | +6% | +83% | 48% | 9.1× | 1.4% |
| Torex Gold Resources TXG.TO | n/a | +19% | n/a | n/a | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WDO.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.9% | -2.4% | lowest of 21 |
| 6-month return | +6.2% | -16.8% | 2nd highest of 21 |
| Distance from 52-week high | -23.5% | -32.7% | 6th highest of 21 |
| Revenue growth (TTM) | +49.5% | +56.6% | 7th lowest of 16 |
| Operating margin | 56.6% | 43.8% | 2nd highest of 16 |
| Forward P/E | 7.8× | 8.7× | 6th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -10.7% | -5.1% | 2nd least demanding of 13 |
| Growth delivered (Del g) | +33.5% | +24.6% | 4th highest of 13 |
| Hurdle (Req g minus delivered) | -44.2 pp | -28.7 pp | 3rd least demanding of 13 |
| ROIC minus cost of capital | +62.6 pp | +14.3 pp | highest of 20 |
| EV / EBITDA | 5.2× | 5.2× | 6th most expensive of 13 |
| Net debt / EBITDA | -0.5× | -0.3× | 3rd least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wesdome Gold Mines WDO.TO | Canada | $2.92B | +6% | +49% | 57% | 7.8× | -10.7% | +33.5% |
| Lingbao Gold 3330.HK | Hong Kong | $2.94B | -28% | -10% | 22% | 8.0× | -5.6% | +17.8% |
| Fortuna Mining FVI.TO | Canada | $2.87B | -5% | +6% | 49% | 6.4× | -4.6% | +29.0% |
| Seabridge Gold SEA.TO | Canada | $2.87B | -8% | n/a | n/a | n/a | n/a | n/a |
| Novagold Resources NG | United States | $2.81B | -27% | n/a | n/a | n/a | n/a | n/a |
| Emerald Resources NL EMR.AX | Australia | $3.04B | +6% | +40% | 61% | 15.2× | 1.5% | +26.4% |
| Predictive Discovery PDI.AX | Australia | $3.08B | -13% | n/a | -28% | n/a | n/a | n/a |
| West African Resources WAF.AX | Australia | $2.74B | +4% | +194% | 57% | 4.4× | -18.5% | +37.7% |
| Allied Gold AAUC.TO | Canada | $3.24B | -19% | +54% | 32% | 3.9× | n/a | n/a |
| Aris Mining ARIS.TO | Canada | $3.24B | -15% | +94% | 46% | 5.5× | 2.1% | +19.8% |
| Western Region Gold 601069.SS | China | $3.29B | -26% | +118% | n/a | 11.2× | 11.7% | +19.5% |
| Hochschild Mining HOC.L | United Kingdom | $3.37B | -27% | +37% | 44% | 9.8× | -10.7% | +14.1% |
| Sichuan Gold 001337.SZ | China | $2.52B | -25% | +57% | 56% | n/a | 17.7% | +13.6% |
| Regis Resources RRL.AX | Australia | $3.49B | -3% | +43% | 43% | 8.5× | -9.5% | +23.5% |
| Perpetua Resources PPTA | United States | $2.44B | -35% | n/a | n/a | n/a | n/a | n/a |
| Shandong Humon Smelting 002237.SZ | China | $2.44B | -32% | +25% | 1% | 11.2× | n/a | n/a |
| Westgold Resources WGX.AX | Australia | $3.64B | -2% | +79% | 32% | 8.8× | -7.6% | +33.7% |
| Endeavour Silver EDR.TO | Canada | $2.34B | -20% | +198% | 26% | 10.9× | n/a | n/a |
| Aya Gold & Silver AYA.TO | Canada | $3.68B | +40% | +265% | 53% | 19.2× | 17.9% | +72.4% |
| Pan African Resources PAF.L | United Kingdom | $3.79B | -25% | +106% | 54% | 7.2× | -6.7% | +25.7% |
| Skeena Resources SKE.TO | Canada | $3.90B | +6% | n/a | n/a | n/a | n/a | n/a |