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Wesdome Gold Mines Ltd.

Wesdome Gold Mines Announces Executive Management Change

Sep 16, 2015
Toronto, Ontario – September 16, 2015 – Wesdome Gold Mines Ltd. (TSX: WDO) today announces the following management changes.

Mr. Brian Ma, CFO, has tendered his resignation as Chief Financial Officer. The Company thanks Mr. Ma for his commitment and contributions to the Company and wishes him all the best in his future endeavours

Mr. Hemdat Sawh has been appointed as Chief Financial Officer, effective September 15, 2015. Mr. Sawh currently serves on the Company’s Board of Directors. 

Mr. Sawh is a Certified Professional Accountant, and holds an MBA degree in accounting from York University, a BSc degree in geology from Concordia University and a graduate diploma in geology from McGill University. Mr. Sawh has over 16 years of accounting and auditing experience at Grant Thornton LLP, culminating in the position of principal, where he acted as lead supervisor for auditing teams of businesses with a concentration in publicly listed mining companies. Most recently, Mr. Sawh served as Chief Financial Officer for Scorpio Mining Corporation, a TSX listed company with polymetallic operations in Mexico. Mr. Sawh also served as Chief Financial Officer for Goldbelt Resources Ltd. and Crystallex International Corporation, both TSX listed gold mining companies.

Rolly Uloth, CEO commented, “On behalf of the Company and the Board of directors I would like to thank Brian for his efforts as Chief Financial Officer and wish him every success in the future. I would also like to welcome Hemdat to the Wesdome management team. His extensive public mining company experience will be an asset to the Company as we execute our growth plans to reduce costs, and raise our profile in the investment community.”


ABOUT WESDOME

Wesdome Gold Mines Ltd. is in its 28th year of continuous gold mining operations in Canada. The Company is currently producing from its Eagle River and Mishi gold mines in Wawa, Ontario, which have earned consistent free cash flow during times of low gold prices. Wesdome’s corporate goal is to build a profitable, long-life, sustainable gold mining Company with modest initial capital costs. This strategy has enabled the Company to acquire strategic property and infrastructure assets in two politically stable and historically proven mining camps. 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 111.0 million shares issued and outstanding and trades on the Toronto Stock Exchange under the symbol “WDO”.

Source: http://www.wesdome.com/wp-content/uploads/2015/09/09-16-15-CFOResignationHemdatFINAL.pdf

IT Analyst

This position is responsible for supporting end-users primarily at our Eagle River Mine Complex.

Junior Accountant

This position is accountable for supporting accounting processes as well as the processing of accounts payable in a manner consistent with established policies and procedures.

Senior Mine Geologist, Eagle River Mine
• Promote safe work practices and safety culture within a production-oriented environment.
• Maintain drill hole databases and monitor underground diamond drill programs.
• Supervise and participate in the selection of underground diamond drill targets.
Surface Maintenance (Hourly)

Ensure that all buildings, and infrastructures on Wesdome property, as well as roads, culverts, & bridges are properly maintained Work in a safe, environmentally friendly, and cost-effective manner.

Heavy Duty Equipment Mechanic

Heavy Equipment Mechanic is responsible, as part of a team, for maintaining the equipment and mechanical systems of the Eagle River Mine site to ensure smooth and continuous operation.

Maintenance Planner
  • Reporting to the Maintenance Projects, Mobile & Mine Fixed Plant Superintendent
  • Ensuring compliance with health and safety and environmental regulations and policies is of primary importance with this position.
Hoist Mechanic/Millwright

Reporting to the Eagle River Maintenance Planner or designate, the successful candidate will perform the maintenance and repairs of all surface, underground stationary equipment, long hole buggies, compressors rock breakers and pumps at the mine site.

Manager – Asset Management & Reliability

Reporting to the Mine General Manager, the Manger of Asset Management & Reliability will be an inspirational and innovative leader responsible and accountable for operational performance excellence in the Asset Management and Reliability Department.

Process Plant Maintenance Millwright (RED SEAL CERTIFCATION REQUIRED)
  • The Millwright is responsible for doing the maintenance of the milling operation equipment.
  • Reports to Lead hand Millwright and Mill General Foreman
Chief Mine Geologist, Eagle River Mine

The Chief Mine Geologist will be responsible and accountable for all work conducted by the Geology Department while ensuring the work is safe, cost effective and makes the most efficient use of manpower and materials.