Wesdome Gold Mines (WDO) AGM 2025 summary

Opening remarks and agenda

• Meeting opened by Interim Board Chair, with introductions of board members and senior leadership, and acknowledgment of the hybrid meeting format and procedural rules.

• Quorum established with 190 shareholders present or represented by proxy, accounting for 64% of issued shares.

Board and executive committee updates

• Edward Dowling welcomed as a new director, bringing over 30 years of mining industry experience.

• Bill Washington thanked for his service as Interim Chair and will remain on the board.

Financial performance review

• Achieved record results in 2024: production, EBITDA, revenue, net income, and free cash flow all reached all-time highs.

• Fully repaid bank debt, now operating with a debt-free balance sheet and building cash reserves.

• Share price more than doubled over the past year; per-share production tripled and operating cash flow per share grew nearly tenfold since 2016.