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Wesdome Gold Mines Ltd T.WDO

Alternate Symbol(s):  WDOFF

Wesdome Gold Mines Ltd. is a Canadian-focused gold producer with two high grade underground assets, the Eagle River mine in Ontario and the Kiena mine in Quebec. The Company has an exploration program both underground and on the surface within the mine area and more regionally at both the Eagle River and Kiena Complex. The Eagle River Underground Mine is located 50 kilometers west of Wawa, Ontario. The Eagle River underground mine near Wawa, Ontario is producing gold at a rate of 80,000 to 90,000 ounces per year. The Kiena Mine is located in the highly prospective Val d’Or, Quebec gold camp. The Kiena Mine is a fully permitted, integrated mining and milling infrastructure which includes a 930-meter production shaft and 2,000 tons-per-day capacity mill. The Kiena Mine Complex consists of the Kiena Mine concession, Kiena Mill, related infrastructure and equipment and land position in the Township of Dubuisson, Quebec.


TSX:WDO - Post by User

Bullboard Posts
Post by lupitapat3on Sep 21, 2017 1:16pm
232 Views
Post# 26726579

Every battle has winners and losers

Every battle has winners and losersIn this case, the losers liked the moses lake property and the winners did not. The best part is always when the hatchet man thanks the losers for their past contributions and their professionalism. Those fired thank the company for the big payouts they received.

Wesdome Announces Corporate Restructuring and Management Changes

T.WDO 

 

TORONTO, Sept. 19, 2017 (GLOBE NEWSWIRE) -- Wesdome Gold Mines (“Wesdome” or the “Company”) (TSX:WDO) today announces a corporate restructuring and consequent management changes.

Effectively immediately, Philip Ng, Chief Operating Officer, Hemdat Sawh, Chief Financial Officer, George Mannard, Vice President - Exploration, and Benoit Laplante, Vice President - Corporate Development, have departed the Company. 

In connection with the corporate restructuring, and our efforts to reduce cost profiles, increase production, and improve profitability, the positions of Vice President, Corporate Development and Vice President, Quebec Operations have been eliminated.  Accordingly, Marc-Andre Pelletier, (previously Vice President, Quebec Operations) has been appointed Chief Operating Officer and will oversee all Company operations. The Company also wishes to welcome Ben Au and Michael Michaud, who have been appointed as Chief Financial Officer and Vice President - Exploration, respectively, who will start September 26, 2017. Biographies for Ben Au and Michael Michaud follow below.

Duncan Middlemiss, President and CEO, commented, “On behalf of management and the board of directors, I would like to thank Phil, Hemdat, George, and Benoit, whose combined efforts, accomplishments and dedication have positioned Wesdome for growth with an attractive portfolio of Canadian assets. I would also like to thank them for their professionalism with the ongoing facilitation of the transition process. We wish them continued success in their future endeavours.  Additionally, I would like to welcome Ben and Michael to the Wesdome team. Both have extensive experience working for public, multi-asset, underground gold mining companies in Canada.  Their valued expertise will be excellent assets during our next phase of growth to an intermediate gold producer.”



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