RY 163.88 0.3552% SHOP 136.18 1.1213% TD 86.68 0.5919% ENB 64.45 0.6874% BN 73.72 -0.1355% TRI 252.04 0.1231% CNQ 40.9 0.5408% CP 99.25 -1.1946% CNR 133.29 -0.988% BMO 132.47 0.5694% BNS 68.03 0.5617% CSU 4927.71 0.9071% CM 85.55 0.9916% MFC 42.14 0.5008% ATD 72.9 0.6628% NGT 74.76 0.0401% TRP 69.4 0.7842% SU 49.35 0.0203% WCN 268.3 -0.4453% L 217.76 0.6192%
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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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