Wesdome Gold Mines Second Quarter 2024 Earnings: EPS: CA$0.20 (vs CA$0.034 loss in 2Q 2023)

Wesdome Gold Mines (TSE:WDO) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$127.8m (up 51% from 2Q 2023).
• Net income: CA$29.1m (up from CA$5.01m loss in 2Q 2023).
• Profit margin: 23% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.
• EPS: CA$0.20 (up from CA$0.034 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Wesdome Gold Mines Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are up 3.6% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Wesdome Gold Mines' balance sheet.

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