Wesdome Announces Results of Annual General Meeting and Issues 2020 ESG Report
Wesdome Announces Results of Annual General Meeting and Issues 2020 ESG
Report
TORONTO, June 01, 2021 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO) (the “Company”) announces the
results of the Company’s 2021 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 82,475,962 common shares were represented at the Meeting, representing 59.05% of the total issued and
outstanding common shares of the Company.
All matters presented for shareholder approval at the Meeting were approved, as follows:
a) Appointment of Grant Thornton LLP as auditors of the Company for the ensuing year and authorizing the directors of
fix their remuneration;
b) Election of the directors of the Company for the ensuing year; and
c) Approval of an advisory non-binding resolution accepting the approach to executive compensation disclosed in the
Management Information Circular of the Corporation dated April 19, 2021
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 cast
FOR
% of votes
cast FOR
Votes cast
WITHHELD
% of votes cast
WITHHELD
Charles Main 80,306,226 97.37 2,167,336 2.63
Duncan Middlemiss 82,423,978 99.94 49,584 0.06
Nadine Miller 81,578,296 98.91 895,266 1.09
Warwick Morley-Jepson 82,417,613 99.93 55.949 0.07
Brian Skanderbeg 82,418,953 99.93 54,609 0.07
Edie Thome 81,890,481 99.29 583,081 0.71
Bill Washington 80,195,998 97.24 2,277,564 2.76
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 cast
FOR
% of votes cast
FOR
Votes cast
WITHHELD
% of votes cast
WITHHELD
Appointment of Auditors 79,482,436 96.37 2,991,126 3.63
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 April 19, 2021
was approved, with the following vote result:
Votes cast
FOR
% of votes cast
FOR
Votes cast
AGAINST
% of votes cast
AGAINST
Advisory Vote on
Executive
Compensation 77,730,251 94.25 4,743,311 5.75
Please refer to the Company’s Report of Voting Results filed on SEDAR at www.sedar.com for further details on the above
matters.
2020 ESG REPORT
The Company is also pleased to announce that it has issued its second annual Environmental, Social, and Governance
(“ESG”) Report, which provides an overview of the company’s ESG strategies, policies, commitments, and 2020 performance.
Highlights from the report include:
• Zero confirmed cases of COVID-19 across the Company
• Local procurement expenditures totally $56 million, representing 36% of the total procurement expenditures from Eagle
River Complex and Kiena Complex
• Completion of an ESG materiality assessment to inform key ESG factors for the Company
• Further alignment with the Sustainability Accounting Standards Board reporting standard for Metals & Mining
“Despite 2020 presenting us all with exceptional and unexpected challenges, it was also a year where Wesdome was able to
make significant strides forward in our ESG journey,” said Mr. Duncan Middlemiss, President and CEO. “Across the
Company, we are in the process of establishing a new framework of systems, policies and procedures to create and support a
company-wide culture of sustainability. Our 2020 ESG report outlines the progress we have made over the last year, which will
continue to build on in years to come. As Wesdome continues forward on the path to growth, we are committed to building the
foundation for sustainable success.”
ABOUT WESDOME
Wesdome has had over 30 years of continuous gold mining operations in Canada. The Company is 100% Canadian focused
with a pipeline of projects in various stages of development. The Company’s strategy is to build Canada’s next intermediate
gold producer, producing 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 92,000 – 105,000 ounces per year. Wesdome is actively exploring its
brownfields asset, the Kiena Complex in Val d’Or, Québec. The Kiena Complex is a fully permitted former mine with a 930-
metre shaft and 2,000 tonne-per-day mill, and a restart of operations was announced on May 26, 2021. The Company has
completed a PFS in support of the production restart decision. 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 139.7 million shares issued and outstanding and trades on the Toronto Stock Exchange
under the symbol “WDO”.
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 offices. 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 our best efforts. Future conditions may warrant reduced or suspended production and / or project
activities which could 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. We are continuing
to closely monitor the situation and will provide updates as they become available.
The potential impact of COVID-19 or other risks have not been included in the financials of the project. A summary of risks will
be included in the technical reports to be posted on SEDAR.
For further information, please contact:
Duncan Middlemiss or Lindsay Carpenter Dunlop
President and CEO VP Investor Relations
416-360-3743 ext. 2029 416-360-3743 ext. 2025
[email protected] [email protected]
220 Bay St, Suite 1200
Toronto, ON, M5J 2W4
Toll Free: 1-866-4-WDO-TSX
Phone: 416-360-3743, Fax: 416-360-
7620
Website: www.wesdome.com
PDF available: http://ml.globenewswire.com/Resource/Download/a8ab26b3-8eb9-45ea-ae0c-905b1aba0339