Core Viewpoint - Wesdome Gold Mines Ltd. has successfully amended and restated its credit agreement, increasing and extending its secured revolving credit facility to a total of up to US$300 million, maturing on June 19, 2028, which is a significant enhancement from the previous facility [1][2]. Group 1: Credit Facility Details - The new credit facility includes aggregate commitments of US$250 million, with an additional accordion of US$50 million, representing approximately a twofold increase from the current facility [2]. - Advances under the credit facility will incur interest at the Secured Overnight Financing Rate (SOFR) plus a margin of 2.25% to 3.25% per annum, depending on the company's leverage ratio [3]. - The credit facility can be utilized for general corporate purposes, including acquisitions, distributions, investments, and ongoing mine development [3]. Group 2: Management Commentary - The President and CEO of Wesdome expressed gratitude to the lenders for their support, highlighting that the increased credit facility and improved terms reflect the quality of the company's assets and progress made [3]. Group 3: Financial Advisors and Arrangers - National Bank Financial Inc. acted as the sole lead arranger and bookrunner, while Bank of Montreal served as the syndication agent [4]. - The syndicate of lenders includes National Bank of Canada, Bank of Montreal, Fédération des Caisses Desjardins du Québec, and Canadian Imperial Bank of Commerce [4]. - GenCap Mining Advisory provided credit advisory services to Wesdome regarding the financing [4]. Group 4: Company Overview - Wesdome Gold Mines is a Canadian-focused gold producer with two high-grade underground assets located in Northern Ontario and Val-d'Or, Québec [6]. - The company's primary objective is to leverage its operating platform and exploration pipeline to build a growing, value-driven gold production business [6].

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, s ...

Core Viewpoint - Angus Gold Inc. has successfully canceled a 2% Net Smelter Royalty (NSR) through a buyback from IAMGOLD Corporation, which is expected to enhance the company's financial flexibility and project development potential [1][2]. Group 1: NSR Cancellation - The NSR was associated with the Mishi Property in Wawa, Ontario, which is fully owned by Angus Gold and covers about one-third of the Golden Sky Project land package [2]. - The buyback of the NSR was completed for a cash payment of US$750,000 [2]. Group 2: Company Overview - Angus Gold Inc. is a Canadian mineral exploration company focused on acquiring, exploring, and developing gold properties, with its flagship project being the Golden Sky Project located in Wawa, Ontario [3]. - The Golden Sky Project is situated adjacent to the Eagle River Mine operated by Wesdome Gold Mines Ltd. [3]. Group 3: Acquisition Agreement - Wesdome Gold Mines Ltd. has entered into a definitive arrangement agreement to acquire all issued and outstanding common shares of Angus Gold as part of a plan of arrangement [4].