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Wesdome chief executive exit fans M&A speculation

Tough operational challenges at Toronto-listed Wesdome Gold Mines have claimed the tenure of chief executive Duncan Middlemiss who has tendered his resignation and will retire, highlighting problems at the firm which could also become a potential takeover target.

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Wesdome loses chief executive

The development come after the company reported last week that it had missed both 2022 guidance and consensus, as well as announced disappointing 2023 guidance.