RY 148.21 -0.9026% TD 75.24 -0.8304% SHOP 92.19 0.8974% CNR 160.77 -1.1923% ENB 48.49 -0.9397% CP 109.36 -0.9958% BMO 114.14 -1.6713% TRI 230.65 -0.2767% CNQ 49.05 -1.5456% BN 57.97 -1.2941% ATD 77.92 -0.0769% CSU 3979.22 -1.4244% BNS 61.6 -0.7412% CM 65.77 -0.7095% SU 51.48 -3.6136% TRP 51.56 -1.2071% NGT 60.68 2.4481% WCN 241.61 -1.0809% MFC 36.33 -1.089% BCE 43.09 0.1394%
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Wesdome Gold (TSX: WDO) turns profitable in Q1FY24 as revenue surges 32% - Kalkine
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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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