Wesdome Announces Results of Annual General Meeting and Issues 2021 ESG Report
Wesdome Announces Results of Annual General Meeting and Issues 2021 ESG
Report
TORONTO, June 23, 2022 -- 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:
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 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 cast
FOR
% of votes
cast FOR
Votes cast
WITHHELD
% of votes cast
WITHHELD
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 cast
FOR
% of votes cast
FOR
Votes cast
WITHHELD
% of votes cast
WITHHELD
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 cast
FOR
% of votes cast
FOR
Votes cast
AGAINST
% of votes cast
AGAINST
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 REPORT
The 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 WESDOME
Wesdome 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:
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/080a4eb3-55a1-4973-b811-b51bd9a4c7b3