Just before CIM Magazine went to press, Wesdome Gold Mines announced that its company president and CEO, and our primary source for this article, Duncan Middlemiss, had resigned. Middlemiss’s resignation follows on the release of the company’s fourth-quarter and full-year 2022 production results and 2023 guidance, which was issued on January 17, 2023.
The report was a difficult one for the company. Beyond the delays at Kiena that Middlemiss notes in our profile, Wesdome’s main producer, Eagle River in Ontario, underperformed due to “the variability of the Falcon Zone, which negatively impacted our ability to accurately forecast near-term production” and production in Q4 fell short of expectations, partially because of “severe snowstorms hindering [Wesdome’s] ability to truck the high-grade ore to the mill.”