TORONTO, July 27, 2016 /CNW/ - Wesdome Gold Mines Ltd. (TSX: WDO) ("Wesdome" or the "Company") is pleased to announce the appointment of Duncan Middlemiss as President and Chief Executive Officer effective August 15, 2016. Rolly Uloth who has held the position for the past three years, will continue as a director of the Company as part of a planned succession resulting from his retirement.
Mr. Charles Page, Chairman of the Board, commented, "Rolly has been a dedicated and enthusiastic leader who has assembled an experienced management team and an accomplished board committed to growing Wesdome. On behalf of the Board of Directors, I would like to thank Rolly for driving Wesdome's vision during his term, renewing investor confidence, expanding operations at Eagle River and consolidating our holdings at this asset as well as Moss Lake. As a result of these and other accomplishments the Company is in excellent shape for our next phase of growth."
Mr. Rolly Uloth commented, "I have been involved with Wesdome for over 20 years, in the capacity of a director or executive management, and I have never been more positive about the Company's future than I am today. As part of my retirement, I am committed to overseeing a smooth transition period and am confident that Duncan's extensive mining and capital markets experience will result in further improvements at Wesdome as he oversees operations, and continues to enhance shareholder value."
Mr. Duncan Middlemiss commented, "I am very pleased to accept the President and CEO position at Wesdome. Rolly has done an excellent job in assembling a great asset package exclusively in Canada. In addition to aggressively exploring and growing production at our flagship Eagle River Mine Complex, Wesdome has two other highly prospective gold assets including the Moss Lake and Kiena projects. I look forward to working with the Wesdome team in what I consider one of the best gold opportunities in Canada."
Duncan Middlemiss was the President and Chief Executive Officer and a director of St. Andrew Goldfields Ltd. ("SAS") until its acquisition by Kirkland Lake Gold Inc. in January 2016. Mr. Middlemiss joined SAS in July 2008 as General Manager and Vice President Operations, later assuming the role of Chief Operating Officer. He was appointed as President and Chief Executive Officer in October 2013. He earned a B. Sc. in mining engineering at Queen's University in 1989 and worked for Inco Limited (now Vale Canada Limited) as Mine Design Engineer until 1995. At that time, he joined Barrick Gold Inc. at their Holt-McDermott Mine, where he held the position of Chief Mine Engineer. In 2002 he joined Foxpoint Resources (now Kirkland Lake Gold Inc.) where he was instrumental in overseeing the rehabilitation, development, and commencement of production at the Macassa Mine beginning as Engineering & Production Manager, and later as Mine Manager. Mr. Middlemiss is a native of Kirkland Lake, Ontario and has extensive experience in the mining of gold deposits in the Abitibi Greenstone Belt.
Wesdome Gold Mines Ltd. is in its 28th year of continuous gold mining operations in Canada. The Company is currently producing gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River and Mishi gold mines. Wesdome's goal is to expand current operations at both mines over the next four years through mill expansion and exploration. Wesdome has significant upside through ownership of its two other properties, the Kiena Mine Complex in Val d'Or, Quebec and the Moss Lake gold deposit located 100 kilometres west of Thunder Bay, Ontario. These assets are being explored and evaluated to be developed in the appropriate gold price environment. The Company has approximately 129 million shares issued and outstanding and trades on the Toronto Stock Exchange under the symbol "WDO".
SOURCE Wesdome Gold Mines Ltd.
For further information: Lindsay Carpenter Dunlop, Vice President, Investor Relations, 416-360-3743 ext. 25, [email protected]; Rolly Uloth, CEO, 416-360-3743 ext. 29, [email protected]; 8 King St. East, Suite 811, Toronto, ON, M5C 1B5, Toll Free: 1-866-4-WDO-TSX, Phone: 416-360-3743, Fax: 416-360-7620, Website: www.wesdome.com