TSX: WDO | OTCQX: WDOFF

C O R P O R A T E P R E S E N T A T I O N

JUNE 2025



Simple & Compelling Value Proposition

  1. See Wesdome's consolidated annual financial statements for the period ended March 31, 2025

  2. Based on consensus 2025E free cash flow / revenue for Wesdome, peers and large caps (source: S&P Cap IQ)

  3. TSX peers include the following: Aris, Aura Minerals, Calibre, Centerra, Dundee Precious Metals, Eldorado,

    Equinox, G-Mining, K92 Mining, New Gold, OceanaGold, Orla, SSR and Torex

  4. TSX large caps include the following: Agnico, Alamos, Barrick, Endeavour, Kinross and Lundin Gold

3

High-Grade

Canadian Gold Mines

  • Large underexplored land packages on prolific greenstone belts

Debt-Free

Balance Sheet1

  • $168M cash

  • Zero bank debt

  • $150M available credit

Robust FCF

Driven by High Margins

  • 29% free cash flow margin2 vs. 11% for peers3 and 25% for large caps4

Organic Growth

Fill-the-Mill Strategy

•

•

•

Global resource model Strategic exploration Cost optimization



Two of Canada's Highest Grade Gold Mines

ONTARIO QUÉBEC

Kiena

Kiena

(Producing, 100% Owned)

Location Val-d'Or, Québec

Greenstone Belt Abitibi

Land Package 75 km2

Reserve Gold Grade1 #4 in Canada

2P Reserves 701,000 oz | 9.1 g/t

M&I Resources2 158,000 oz | 5.8 g/t Inferred Resources2 411,000 oz | 5.0 g/t Workforce (Dec 31, 2024) 447 (incl. 213 contractors)

Royalty nil

Eagle River

C A N A D A

  1. Sources: S&P Capital IQ and public company data

  2. 2024 mineral resources stated exclusive of reserves

    Greenstone belt

  1. Eagle River inferred mineral resources includes Mishi 120,000 oz at 1.62 g/t as of December 31, 2024

    Toronto Head Office

    Eagle River

    (Producing, 100% Owned)

    Location 50 km west of Wawa, ON

    Greenstone Belt Mishibishu

    Land Package4 100 km2

    Reserve Gold Grade #1 in Canada

    2P Reserves 487,000 oz | 12.3 g/t

    M&I Resources2 228,000 oz | 8.8 g/t Inferred Resources2,3 229,000 oz | 2.6 g/t Workforce (Dec 31, 2024) 532 (incl. 182 contractors)

    Royalty 2%

  2. Land position at Eagle River will increase to 400km2 following closure of Angus Gold acquisition 4



(C$/sh)

Daily Volume

Gold 1 WDO

GDXJ 1

$20

2.5

$18

$16

2.0

$14

$12

1.5

$10

$8

1.0

$6

$4

0.5

$2

$-

May 2024

Jul 2024

Sep 2024

Nov 2024

Jan 2025

Mar 2025

0.0

May 2025

Corporate Snapshot Capital Markets Data

TSX / OTCQX Symbols

WDO / WDOFF

52-Week Range (TSX)

$19.00 - $10.61

Share Price (close on May 30, 2025)

$18.23 / US$13.25

Shares Outstanding / Fully Diluted

150.2M / 152.8M

Market Capitalization

$2.8B / US$2.0B

Cash2

$168M

Bank Debt2

-

Credit Facility Capacity

$150M

Average Daily Volume (Canada + US)

1.0M

Analyst Coverage Top Shareholders

BMO Capital Markets - Andrew Mikitchook

RBC Capital Markets - Michael Siperco

Canaccord Genuity - Jeremy Hoy

TD Securities - Wayne Lam

Desjardins - Allison Carson

Ventum - Phil Ker

National Bank Financial - Don DeMarco

Van Eck Associates

T. Rowe Price Associates

Sprott Asset Mgmt.

Dimensional Fund Mgmt.

Hillsdale Investment Mgmt.

BlackRock Fund Advisors

Invesco Advisors

1832 Asset Mgmt.

Mackenzie Financial

BlackRock Asset Management

  1. GDXJ and Gold price is indexed relative to Wesdome's share price

  2. As at March 31, 2025. See Wesdome's consolidated interim financial statements for the period ended March 31, 2025

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Wesdome Gold Mines Ltd. published this content on June 02, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 02, 2025 at 20:47 UTC.