RY 174.39 2.4016% SHOP 149.115 2.5974% TD-PFM 24.63 -0.0811% TD-PFL 24.7 0.2028% TD 78.325 0.1214% ENB 60.6 1.3039% BN 80.4 1.9787% TRI 226.27 0.7525% CNQ 48.285 2.2771% CP 104.53 1.6038% CNR 151.74 1.5459% BMO 132.69 0.9203% BNS 78.845 0.1715% CSU 4600.2002 2.157% CM 91.15 0.474% MFC 45.79 1.6878% ATD 78.38 1.5285% NGT 60.14 0.0499% TRP 70.15 1.977% SU 57.44 0.5954%
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Wesdome Gold (TSX: WDO) turns profitable in Q1FY24 as revenue surges 32%
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Highlights
Wesdome Gold Mines Ltd. (TSX: WDO) is actively involved in gold production through mining operations encompassing exploration, processing, and reclamation. It has a market capitalisation of CAD 1.64 billion.
In Q1 2024, Wesdome Gold recorded increased revenue compared to the previous corresponding period (pcp). The 31.6% rise in revenue was primarily driven by higher realized gold prices and increased ounces sold. The company achieved healthy income from operations amounting to CAD 15.7 million, up from CAD 7.4 million in the pcp, largely due to higher revenue and reduced stock-based compensation expenses.
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