Wesdome Gold Mines Ltd
TSX:WDO
Net Margin
Wesdome Gold Mines Ltd
Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.
Net Margin Across Competitors
| Country | Company | Market Cap |
Net Margin |
||
|---|---|---|---|---|---|
| CA |
W
|
Wesdome Gold Mines Ltd
TSX:WDO
|
2.5B CAD |
33%
|
|
| RU |
P
|
Polyus PJSC
LSE:PLZL
|
70.4T USD |
32%
|
|
| ZA |
G
|
Gold Fields Ltd
JSE:GFI
|
471.8B Zac |
24%
|
|
| ZA |
H
|
Harmony Gold Mining Company Ltd
JSE:HAR
|
167.9B Zac |
16%
|
|
| CN |
|
Zijin Mining Group Co Ltd
SSE:601899
|
551B CNY |
12%
|
|
| US |
|
Newmont Corporation
NYSE:NEM
|
76B USD |
30%
|
|
| CA |
|
Agnico Eagle Mines Ltd
TSX:AEM
|
92.6B CAD |
31%
|
|
| AU |
G
|
Greatland Gold PLC
ASX:GGP
|
70B AUD |
104%
|
|
| CA |
|
Wheaton Precious Metals Corp
TSX:WPM
|
58.5B CAD |
47%
|
|
| CA |
|
Barrick Gold Corp
TSX:ABX
|
57.2B CAD |
20%
|
|
| RU |
|
Polyus PAO
MOEX:PLZL
|
2.8T RUB |
44%
|
Wesdome Gold Mines Ltd
Glance View
Wesdome Gold Mines Ltd. is a fascinating entity in the world of gold mining, with roots tracing back several decades, entrenching itself as a formidable presence in the Canadian gold mining sector. Based in Toronto, the company has adeptly focused its operations in the Abitibi Greenstone Belt in Ontario and the Wawa Greenstone Belt in Quebec, regions renowned for their rich mineral deposits. The magic of Wesdome lies in its operational expertise and disciplined approach to exploration and production. Its flagship Eagle River Complex in Ontario, including the Eagle River Mine and Mishi Open Pit, provides a steady stream of high-grade ore, which is then transformed through meticulous extraction processes. This strategic location and methodical mining facilitate a robust operational framework, gearing Wesdome towards consistent output and longstanding profitability. The lifeline of Wesdome's business model is its ability to sustainably extract high-grade gold deposits while efficiently managing operational costs, thus maximizing profit margins. The company generates revenue by selling the extracted gold on the open market, where its financial performance is closely tied to fluctuating gold prices. However, what sets Wesdome apart is its strategic vision for growth—fueled by a commitment to investing in exploration and development, ensuring a healthy pipeline of future projects. This ensures not only the sustainability of its current operations but also paves the way for potential expansion opportunities. Through this balanced yet ambitious approach, Wesdome Gold Mines Ltd. has etched its mark as a dynamic player in the global gold mining industry.
See Also
Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.
Based on Wesdome Gold Mines Ltd's most recent financial statements, the company has Net Margin of 33.2%.
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