AXMIN Inc (TSXV: AXM)
AXMIN Inc. (TSXV:AXM) is a Canadian-based exploration and development company with a strong focus on central and West Africa.
In times of market turbulence and rising uncertainty, gold stocks have consistently served as a cornerstone of long-term portfolio protection. As a safe-haven asset for centuries, gold preserves value through inflation, geopolitical crises, and currency fluctuations.
For Canadian investors seeking both security and growth potential, Wesdome Gold Mines (TSX:WDO) presents a compelling opportunity.
Wesdome stands apart from speculative junior miners as an established producer with two high-grade underground gold mines: Eagle River in Ontario and Kiena in Quebec. Both operations benefit from politically stable, mining-friendly jurisdictions, providing a significant competitive advantage.
With over 30 years of production history, the company is now hitting its stride. Its Q1 2025 results were exceptional, revenue came in at $187.6 million, up 86% year over year. Net income jumped to $62.5 million, or $0.42 per share, from $13.1 million, or $0.09 per share, in the same quarter last year. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) reached $119.4 million, more than tripling year over year.
This surge was driven by a 37% increase in gold production (45,692 oz in Q1 2025 vs. 33,400 oz in Q1 2024) and a strong realized gold price of US$2,882/oz.
Wesdome’s all-in sustaining costs (AISC) dropped 17% YoY to US$1,366/oz, well below the industry average. Cost efficiency, combined with higher production, generates robust free cash flow—now being reinvested into expansion.
The company’s recent strategic moves include acquiring Angus Gold, quadrupling land holdings near Eagle River. Meanwhile, the management team is still committed in extending mine life through exploration at existing operations.
Unlike many gold miners burdened by debt, the company ended Q1 2025 with $167.9 million in cash and no long-term debt. That gives it the flexibility to make acquisitions, invest in new projects, and weather potential downturns.
Gold may not always shine, but when inflation surges or currencies weaken, its value resurges. Wesdome is exceptionally positioned to capitalize on these conditions with:
✅ High-grade assets in stable jurisdictions
✅ Industry-leading cost structure
✅ Prudent growth strategy
For investors seeking a gold stock to hold for decades, Wesdome Gold Mines is a standout choice. Its disciplined management, strong cash flow, and exploration upside make it a golden opportunity in today’s market.
