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Wesdome Gold Mines Appoints Philip C. Yee as an Independent Director and Audit Committee Chair

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Wesdome Gold Mines (TSX:WDO, OTCQX:WDOFF) has appointed Philip C. Yee as an Independent Director and Audit Committee Chair, effective October 7, 2024. This appointment expands the Wesdome Board to seven members, including six independent directors.

Mr. Yee is a Chartered Professional Accountant (CPA, CA) with extensive experience in the gold mining industry. He previously served as Executive Vice President and Chief Financial Officer at Eldorado Gold , managing financial operations, investor relations, IT, and risk strategy. His career includes key roles at major gold companies such as Kirkland Lake Gold Inc and Lake Shore Gold Corp.

Bill Washington, Interim Board Chair of Wesdome, expressed confidence in Mr. Yee's ability to contribute to the company's strategic growth plan and create shareholder value, citing his results-driven leadership, strategic insight, and financial expertise.

Wesdome Gold Mines (TSX:WDO, OTCQX:WDOFF) ha nominato Philip C. Yee come Direttore Indipendente e Presidente del Comitato di Revisione, con effetto dal 7 ottobre 2024. Questa nomina amplia il Consiglio di Amministrazione di Wesdome a sette membri, inclusi sei direttori indipendenti.

Il signor Yee è un Commercialista Professionista (CPA, CA) con ampia esperienza nell'industria mineraria dell'oro. In precedenza ha ricoperto il ruolo di Vice Presidente Esecutivo e Direttore Finanziario presso Eldorado Gold, gestendo operazioni finanziarie, relazioni con gli investitori, IT e strategia di rischio. La sua carriera include ruoli chiave in importanti compagnie aurifere come Kirkland Lake Gold Inc e Lake Shore Gold Corp.

Bill Washington, Presidente del Consiglio Interims di Wesdome, ha espresso fiducia nella capacità del signor Yee di contribuire al piano di crescita strategica della compagnia e di creare valore per gli azionisti, citando la sua leadership orientata ai risultati, la visione strategica e l'expertise finanziaria.

Wesdome Gold Mines (TSX:WDO, OTCQX:WDOFF) ha nombrado a Philip C. Yee como Director Independiente y Presidente del Comité de Auditoría, con efecto a partir del 7 de octubre de 2024. Esta nominación amplía la Junta Directiva de Wesdome a siete miembros, incluidos seis directores independientes.

El Sr. Yee es un Contador Profesional Certificado (CPA, CA) con amplia experiencia en la industria minera de oro. Anteriormente, se desempeñó como Vicepresidente Ejecutivo y Director Financiero en Eldorado Gold, gestionando operaciones financieras, relaciones con inversionistas, TI y estrategia de riesgo. Su carrera incluye roles clave en importantes compañías de oro como Kirkland Lake Gold Inc y Lake Shore Gold Corp.

Bill Washington, Presidente Interino de la Junta de Wesdome, expresó confianza en la capacidad del Sr. Yee para contribuir al plan de crecimiento estratégico de la empresa y crear valor para los accionistas, destacando su liderazgo orientado a resultados, perspicacia estratégica y experiencia financiera.

Wesdome Gold Mines (TSX:WDO, OTCQX:WDOFF)는 필립 C. Yee를 독립 이사이자 감 audit 위원회 의장으로 임명했습니다, 2024년 10월 7일부터 효력이 발생합니다. 이번 임명으로 Wesdome 이사회는 7명의 이사로 확대되며, 이 중 6명이 독립 이사입니다.

예 씨는 금 광업 분야에서 광범위한 경험을 가진 공인 회계사(CPA, CA)입니다. 그는 Eldorado Gold의 부사장 겸 최고 재무 책임자로 재직하며 재무 운영, 투자자 관계, IT 및 위험 전략을 관리했습니다. 그의 경력은 Kirkland Lake Gold Inc. 및 Lake Shore Gold Corp.와 같은 주요 금 회사에서의 핵심 역할을 포함합니다.

Bill Washington, Wesdome의 임시 이사회 의장은 Yee 씨가 회사의 전략적 성장 계획에 기여하고 주주 가치를 창출할 수 있는 능력에 대해 자신감을 표현하며 성과 기반의 리더십, 전략적 통찰력 및 재무 전문성을 언급했습니다.

Wesdome Gold Mines (TSX:WDO, OTCQX:WDOFF) a nommé Philip C. Yee en tant que Directeur Indépendant et Président du Comité d'Audit, prenant effet le 7 octobre 2024. Cette nomination élargit le Conseil d'Administration de Wesdome à sept membres, dont six administrateurs indépendants.

M. Yee est un Expert-Comptable Agréé (CPA, CA) avec une vaste expérience dans l'industrie minière de l'or. Il a précédemment occupé le poste de Vice-Président Exécutif et Directeur Financier chez Eldorado Gold, gérant les opérations financières, les relations investisseurs, l'informatique et la stratégie de gestion des risques. Sa carrière inclut des rôles clés dans de grandes entreprises aurifères telles que Kirkland Lake Gold Inc et Lake Shore Gold Corp.

Bill Washington, Président par intérim du Conseil d'Administration de Wesdome, a exprimé sa confiance dans la capacité de M. Yee à contribuer au plan de croissance stratégique de l'entreprise et à créer de la valeur pour les actionnaires, citant sa leadership axé sur les résultats, sa vision stratégique et son expertise financière.

Wesdome Gold Mines (TSX:WDO, OTCQX:WDOFF) hat Philip C. Yee zum unabhängigen Direktor und Vorsitzenden des Prüfungs-Ausschusses ernannt, mit Wirkung vom 7. Oktober 2024. Diese Ernennung erweitert den Wesdome Vorstand auf sieben Mitglieder, darunter sechs unabhängige Direktoren.

Herr Yee ist ein staatlich geprüfter Wirtschaftsprüfer (CPA, CA) mit umfangreicher Erfahrung in der Goldbergbauindustrie. Zuvor war er als Exekutiv-Vizepräsident und Chief Financial Officer bei Eldorado Gold tätig und verantwortete die Finanzoperationen, die Anlegerbeziehungen, IT und Risikostrategie. Seine Karriere umfasst Schlüsselpositionen bei großen Goldunternehmen wie Kirkland Lake Gold Inc und Lake Shore Gold Corp.

Bill Washington, Interim-Vorsitzender des Vorstands von Wesdome, äußerte Vertrauen in die Fähigkeit von Herrn Yee, zum strategischen Wachstumsplan des Unternehmens beizutragen und den Shareholder-Value zu steigern, und bezeichnete dessen ergebnisorientierte Führung, strategische Einsicht und finanzielle Expertise.

Positive
  • Appointment of experienced financial executive Philip C. Yee to the Board of Directors
  • Expansion of the Board to include six independent directors out of seven total members
  • Addition of deep industry knowledge and financial expertise to support strategic growth
Negative
  • None.

TORONTO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX:WDO, OTCQX:WDOFF) (“Wesdome” or the “Company”) today announces the appointment of Mr. Philip C. Yee to its Board of Directors effective October 7, 2024. With Mr. Yee’s appointment, the Wesdome Board will be comprised of seven members, including six independent directors.

“We are honored to welcome Phil as an Independent Director and Chair of the Audit Committee,” said Bill Washington, Interim Board Chair of Wesdome. “He is an experienced senior financial executive with a deep knowledge of the gold mining industry. He brings a track record of results-driven leadership, strategic insight and financial expertise and will be a key asset as we continue to advance our strategic growth plan and create shareholder value.”

Mr. Yee is a Chartered Professional Accountant (CPA, CA) and previously served as Executive Vice President and Chief Financial Officer of Eldorado Gold Corporation, where he managed Eldorado's financial, investor relations, IT and risk strategy, short- and long-term planning and analysis, accounting and financial reporting, taxation and treasury functions. He was also responsible for leading transactions and financing initiatives. Prior to Eldorado, Mr. Yee held key roles at several major gold companies, including Executive Vice President and Chief Financial Officer at Kirkland Lake Gold Inc from 2016 to 2018 and Senior Vice President and Chief Financial Officer at Lake Shore Gold Corp from 2013 to 2016, during a period of rapid growth for both companies. Mr. Yee was also Chief Financial Officer at Patagonia Gold Plc and held several senior finance positions at Cameco Corporation and Centerra Gold Inc. He graduated from the University of Saskatchewan with a Bachelor of Commerce (Accounting and Finance) and obtained his ICD.D designation from the Rotman School of Business, University of Toronto.

About Wesdome

Wesdome 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’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.

For further information, please contact:
Raj Gill, SVP, Corporate Development & Investor Relations
Trish Moran, VP, Investor Relations
Phone: +1 (416) 360-3743
E-Mail: invest@wesdome.com

To receive Wesdome’s news releases by email, please register on the Company website at www.wesdome.com

Forward Looking Statements
This news release contains “forward-looking information” which involve a number of risks and uncertainties. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

Forward-looking statements or information contained in this press release include, but are not limited to, statements or information with respect to the Company’s strategic plan of growth and creation of shareholder value. Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.

We have made certain assumptions about the forward-looking statements and information, including assumptions around economic parameters relating to our mineral reserves and mineral resource estimates described herein. Even though management believes that the assumptions made, and the expectations represented by such statements or information, are reasonable in the circumstances, there can be no assurance that the forward-looking statement or information will prove to be accurate. Many assumptions may be difficult to predict and are beyond the Company’s control.

Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors including those risk factors discussed in the sections titled “Cautionary Note Regarding Forward Looking Information” and “Risks and Uncertainties” in the Company’s most recent Annual Information Form. Readers are urged to carefully review the detailed risk discussion in our most recent Annual Information Form which is available on SEDAR+ and on the Company’s website.

There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management’s estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

PDF available:

http://ml.globenewswire.com/Resource/Download/1776effb-1af5-4351-a82c-65f46b6368f9


FAQ

Who is the new Independent Director appointed to Wesdome Gold Mines' Board?

Philip C. Yee has been appointed as an Independent Director and Audit Committee Chair of Wesdome Gold Mines (OTCQX:WDOFF), effective October 7, 2024.

What is Philip C. Yee's background in the gold mining industry?

Philip C. Yee has extensive experience in the gold mining industry, having served as Executive Vice President and CFO at Eldorado Gold , and held key roles at Kirkland Lake Gold Inc and Lake Shore Gold Corp.

How many members will be on Wesdome Gold Mines' Board after this appointment?

With Philip C. Yee's appointment, the Wesdome Gold Mines (OTCQX:WDOFF) Board will be comprised of seven members, including six independent directors.

When does Philip C. Yee's appointment to Wesdome Gold Mines' Board take effect?

Philip C. Yee's appointment to Wesdome Gold Mines' (OTCQX:WDOFF) Board of Directors takes effect on October 7, 2024.

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