TSX:WDO
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.
ABOUT WESDOME
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.