Wesdome Announces Executive Changes

(MENAFN- GlobeNewsWire - Nasdaq)

TORONTO, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO) (the“ Company ” or“ Wesdome ”) announces today the retirement of Duncan Middlemiss as President and Chief Executive Officer of the Company and resignation from the board of directors of the Company (the“ Board ”). Warwick Morley-Jepson, the Chair of the Board, will act as Interim President and Chief Executive Officer to manage the Company as the Board works with an executive search firm to select a permanent successor. In order to ensure an orderly succession, Mr. Middlemiss has agreed to remain in an advisory role to assist Mr. Morley-Jepson and the rest of the executive team on a temporary basis.

Mr. Morley-Jepson, the Chair of the Board, said,“On behalf of the Board, I would like to thank Duncan for his leadership and commitment to the Company over the last six and a half years and, in particular, for guiding the Company through the final phases of bringing Kiena into commercial production during the COVID-19 pandemic. Through Duncan's leadership, Wesdome has now brought its second core asset, the Kiena Mine, into commercial production and is poised to transition its focus to scaling up its gold production in 2023 and beyond. We wish Duncan well in his future endeavors.”

Mr. Middlemiss said,“It has been a true pleasure to work with Wesdome since June of 2016 and begin the process of recognizing the potential this company has to realize. I would like to thank the Wesdome team for working tirelessly towards this end and what promises to be a bright future.”

Mr. Morley-Jepson is a seasoned operator with significant experience in the global mining industry. He previously served as Executive Vice President and Chief Operating Officer of Ivanhoe Mines and of Kinross Gold Corporation. Prior to that, Mr. Morley-Jepson held progressively more senior roles at gold mining companies with operations around the world. Mr. Morley-Jepson has a deep knowledge of Wesdome and its core assets having joined the Board in 2017 and having held the position of Chair since 2019.

Wesdome is a Canadian focused gold producer with two high grade underground assets, the Eagle River mine in Ontario and the recently commissioned Kiena mine in Quebec. The Company also retains meaningful exposure to the Moss Lake gold deposit in Ontario through its equity position in Goldshore Resources Inc. The Company's primary goal is to responsibly leverage this operating platform and high-quality brownfield and greenfield exploration pipeline to build Canada's next intermediate gold producer. Wesdome trades on the Toronto Stock Exchange under the symbol“WDO,” with a secondary listing on the OTCQX under the symbol“WDOFF.”


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