The Globe and Mail reports in its Thursday, Aug. 20, edition that Desjardins Securities analyst Allison Carson has reaffirmed her "buy" recommendation for Wesdome Gold Mines. The Globe's David Leeder writes in the Eye On Equities column that Ms. Allison gave her share target a $6 boost to $40, matching the consensus. Ms. Carson says in a note: "Wesdome reported a 2Q26 earnings beat, driven by stronger-than-expected revenue of $267-million, which more than offset higher operating costs and supported the EBITDA outperformance. While production guidance was largely maintained, Eagle River grade guidance was revised lower to 11.5–12.5 grams per ton from 13–14 g/t, reflecting the planned blending of Global Model ore. Management emphasized that the core high-grade zones remain intact and attributed the lower-grade profile to mine sequencing. ... At Kiena, cash costs of $1,076 (U.S.)/oz exceeded our estimate of $942 (U.S.)/oz due to higher maintenance and contractor costs, and management expects costs to remain near the upper end of guidance for the remainder of the year. [Our revised share target reflects] minor model updates, the roll-forward of our model and modestly higher valuation multiples."
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