Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Wesdome Gold Mines Soars on Updated Technical Reports Amid Record Gold Price

Guavy AI Editorial Team
Instruments
Gold
Share

Wesdome Gold Mines (TSX: WDO) shares surged 3.9% to C$32 on August 6, 2026, as the company released updated technical reports for its Eagle River and Kiena mines.

The move comes amidst a record gold price of around US$4,250 an ounce, up roughly 25% from last year.

Wesdome's consolidated 2026 production guidance is 180,000 to 205,000 ounces of gold, with the company reporting record quarterly earnings per share and free cash flow for the first quarter of 2026.

The updated technical reports outlined 'long life reserve plans with substantial upside potential,' which may have contributed to the stock's increase.

More on Commodities

Commodities just now

Iran, Oman Close to Strait of Hormuz Plan, But US Naval Blockade Remains

Commodities 5m ago

US Slams Iran Financial Network with New Sanctions

Commodities 9m ago

Titan Q1 Profit Surges to ₹1,699 Crore, Beating Estimates by ₹432 Crore

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy