Wesdome Provides Senior Management Update

Rhea-AI Summary

Wesdome Gold Mines (WDOFF) announced immediate leadership changes as CFO Fernando Ragone departs the company. Raj Gill, currently Senior VP of Corporate Development and Investor Relations, will serve as interim CFO while an executive search firm conducts a search for a permanent replacement. Gill, who joined Wesdome in 2020, brings over 15 years of mining industry experience from roles at Kinross Gold and Cormark Securities. He holds a CFA charter, a Global Professional Master of Laws degree, and a Bachelor's degree in Mineral Engineering from the University of Toronto. The company's CEO Anthea Bath expressed gratitude to the departing CFO and confidence in Gill's ability to lead the finance function during the transition period.

Positive

• None.

Negative

• Sudden departure of CFO Fernando Ragone creates leadership uncertainty
• Need for interim CFO arrangement indicates lack of immediate succession planning

News Market Reaction

+0.64%

1 alert

+0.64% News Effect

On the day this news was published, WDOFF gained 0.64%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

TORONTO, June 03, 2025 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX: WDOFF) (“Wesdome” or the “Company”) announces today that Fernando Ragone is leaving Wesdome effective immediately and Raj Gill, Senior Vice President, Corporate Development and Investor Relations will be assuming the responsibilities of Chief Financial Officer (“CFO”) on an interim basis. An executive search firm has been retained to conduct a search for a permanent CFO.

Anthea Bath, President and Chief Executive Officer, stated “On behalf of the Board and everyone at Wesdome, I would like to express our sincere gratitude to Fernando and wish him all the best in his future endeavours.”

Ms. Bath continued, “We are pleased to have Raj assume these additional responsibilities. His industry knowledge, strong capital markets background, and in-depth experience and understanding of Wesdome make him well-positioned to lead our finance function until a permanent successor is named.”

Mr. Gill joined Wesdome in 2020 as Vice President, Corporate Development, and assumed additional responsibility for investor relations in January 2024. Mr. Gill has over 15 years of mining industry experience in progressive roles that include corporate development, technical studies and equity research with Kinross Gold and Cormark Securities. Mr. Gill is a CFA® Charterholder and holds a Global Professional Master of Laws degree and Bachelor of Applied Science in Lassonde Mineral Engineering degree from the University of Toronto.

About Wesdome

Wesdome is a Canadian-focused gold producer with two high-grade underground assets – the Eagle River mine in Ontario and the Kiena mine in Quebec. The Company’s primary goal is to responsibly leverage its operating platform and high-quality brownfield and greenfield exploration pipeline to build a growing value-driven Canadian gold producer.

Trish Moran
VP, Investor Relations
Phone: +1.416.564.4290
E-mail: trish.moran@wesdome.com

PDF available: http://ml.globenewswire.com/Resource/Download/1b892eac-9cff-4994-a31e-fb7f0f2ffcff

FAQ

Who is the new interim CFO of Wesdome Gold Mines (WDOFF)?

Raj Gill, the current Senior VP of Corporate Development and Investor Relations, has been appointed as interim CFO of Wesdome Gold Mines.

Why did Fernando Ragone leave Wesdome Gold Mines?

The press release does not specify the reason for Fernando Ragone's departure from Wesdome Gold Mines.

What is Raj Gill's background and experience?

Raj Gill has over 15 years of mining industry experience, including roles at Kinross Gold and Cormark Securities. He is a CFA Charterholder with degrees in Law and Mineral Engineering from the University of Toronto.

When did Raj Gill join Wesdome Gold Mines (WDOFF)?

Raj Gill joined Wesdome in 2020 as Vice President of Corporate Development and added Investor Relations responsibilities in January 2024.

How is Wesdome handling the CFO succession process?

Wesdome has retained an executive search firm to conduct a search for a permanent CFO while Raj Gill serves in an interim capacity.