Wesdome Announces Results of Annual General Meeting and Issues 2021 ESG Report
24 Juin 2022 - 1:33AM
Wesdome Gold Mines Ltd. (TSX: WDO) (the “Company”) announces the
results of the Company’s 2022 annual general meeting of
shareholders (the “Meeting”) held by way of live webcast earlier
today. A replay of the Meeting is available on the Company’s
website.
A total of 102,829,083 common shares were
represented at the Meeting, representing 72.17% of the total issued
and outstanding common shares of the Company.
All matters presented for shareholder approval
at the Meeting were approved, as follows:
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a) |
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Appointment of
Grant Thornton LLP as auditors of the Company for the ensuing year
and authorizing the directors of fix their remuneration; |
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b) |
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Election of the directors of the Company for the ensuing year;
and |
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c) |
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Approval of an advisory non-binding resolution accepting the
approach to executive compensation disclosed in the Management
Information Circular of the Corporation dated May 11, 2022. |
Election of Directors
The following seven individuals were elected as
directors of the Company, until the next annual meeting of
shareholders, as set out in the table below:
Name of Nominee |
Votes
castFOR |
% of votescast FOR |
Votes castWITHHELD |
% of votes
castWITHHELD |
Charles Main |
94,442,574 |
99.04% |
919,784 |
0.96% |
Duncan Middlemiss |
95,274,094 |
99.91% |
88,264 |
0.09% |
Nadine Miller |
94,328,525 |
98.92% |
1,033,833 |
1.08% |
Warwick Morley-Jepson |
94,825,199 |
99.44% |
537,159 |
0.56% |
Brian Skanderbeg |
95,184,523 |
99.81% |
177,835 |
0.19% |
Edie Thome |
88,335,093 |
92.63% |
7,027,265 |
7.37% |
Bill Washington |
93,988,116 |
98.56% |
1,374,242 |
1.44% |
Re-Appointment of Auditors
Based on proxies received and votes cast by show
of hands during the Meeting, Grant Thornton LLP, Chartered
Accountants, were appointed as independent auditors of the Company
for the ensuing year and the directors are authorized to fix their
remuneration, with the following results:
|
Votes castFOR |
% of votes castFOR |
Votes castWITHHELD |
% of votes castWITHHELD |
Appointment of Auditors |
100,653,394 |
97.91 |
2,151,508 |
2.09 |
Advisory Vote on Executive Compensation
Based on proxies received and votes cast by
ballot during the Meeting, the advisory non-binding resolution
accepting the approach to executive compensation disclosed in the
Management Information Circular of the Corporation dated May 11,
2022 was approved, with the following vote result:
|
Votes castFOR |
% of votes castFOR |
Votes castAGAINST |
% of votes castAGAINST |
Advisory Vote on Executive Compensation |
93,231,712 |
97.77 |
2,130,646 |
2.23 |
Please refer to the Company’s Report of Voting
Results filed on SEDAR at www.sedar.com for
further details on the above matters.
2021 ESG REPORTThe Company is
also pleased to announce that it has issued its third annual
Environmental, Social, and Governance (“ESG”) Report, which
provides an overview of the company’s ESG strategies, policies,
risk management approach and commitments. The report also outlines
year-over-year Company performance from 2018-2021 in material ESG
areas.
Highlights from the report include:
- ESG Strategic planning session held
across the Company and with the Board of Directors
- Site leadership in environment and
sustainability added at both Eagle River and Kiena
- Formation of a Company-wide Equity,
Diversity & Inclusion Committee
- Introduction of a new Health &
Safety Incident Management System
- $109M in local procurement
expenditures
- Further alignment with the
Sustainability Accounting Standards Board, Metals & Mining
Standard
COVID-19
The health and safety of our employees,
contractors, vendors, and consultants is the Company’s top
priority. In response to the COVID-19 outbreak, Wesdome has adopted
all public health guidelines regarding safety measures and
protocols at all of its mine operations and corporate office. These
protocols are still in place at all sites despite the loosening of
some provincial public health guidelines. In addition, our internal
COVID-19 Taskforce continues to monitor developments and implement
policies and programs intended to protect those who are engaged in
business with the Company.
Through care and planning, to date the Company
has successfully maintained operations; however, there can be no
assurance that this will continue despite the Company’s best
efforts, with the emergence of new, highly contagious variants such
as Omicron. To date, the Company has been impacted by this most
recent variant outbreak, with employees at both operations and
corporate office becoming infected, which may negatively impact our
ability to maintain projected timelines and objectives.
Consequently, the Company’s actual future production and production
guidance is subject to higher levels of risk than usual. The
Company is continuing to monitor the situation closely and will
provide updates as they become available.
ABOUT WESDOMEWesdome is
Canadian focused with two producing underground gold mines. The
Company’s goal is to build Canada’s next intermediate gold
producer, producing over 200,000 ounces from two mines in Ontario
and Québec. The Eagle River Underground Mine in Wawa, Ontario is
currently producing gold at a rate of 95,000 – 105,000 ounces per
year. The Company is currently milling the final stockpile of ore
from the Mishi Pit with 1,000 – 2,000 ounces expected. The recently
re-started Kiena Complex in Val d’or, Quebec is a fully permitted
underground mine and milling operation and the Kiena Mine is
expected to produce 64,000 – 73,000 ounces in 2022. On a combined
basis, 2022 guidance is 160,000 ounces – 180,000 ounces. Wesdome is
actively exploring underground and on surface within the mine areas
and more regionally at the Eagle River and Kiena Complex. The
Company also retains meaningful exposure to the Moss Lake gold
deposit, located 100 kilometres west of Thunder Bay, Ontario
through its equity position in Goldshore Resources Inc. The Company
has approximately 142.5 million shares issued and outstanding and
trades on the Toronto Stock Exchange under the symbol “WDO,” with a
secondary listing on the OTCQX under the symbol “WDOFF.
For further information, please
contact: |
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Duncan Middlemiss |
or |
Lindsay Carpenter Dunlop |
President and CEO |
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VP Investor Relations |
416-360-3743 ext. 2029 |
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416-360-3743 ext. 2025 |
duncan.middlemiss@wesdome.com |
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lindsay.dunlop@wesdome.com |
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220 Bay St, Suite 1200 |
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Toronto, ON, M5J 2W4 |
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Toll Free: 1-866-4-WDO-TSX |
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Phone: 416-360-3743, Fax: 416-360-7620 |
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Website: www.wesdome.com |
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PDF
available: http://ml.globenewswire.com/Resource/Download/080a4eb3-55a1-4973-b811-b51bd9a4c7b3
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