RY 162.47 0.2283% SHOP 140.64 2.7319% TD 85.66 -0.661% ENB 63.7 0.0157% BN 76.32 1.3411% TRI 249.65 0.5316% CNQ 44.535 0.5759% CP 100.83 -0.1584% CNR 139.73 -0.2214% BMO 138.23 0.5894% BNS 67.13 -1.6122% CSU 4567.8999 0.231% CM 81.74 0.9759% MFC 45.34 1.1151% ATD 71.7 1.0286% NGT 68.62 -1.1951% TRP 68.21 0.3679% SU 55.54 -0.323% WCN 281.93 0.5134% L 203.06 0.6942%
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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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