Heather Laxton - Wesdome Gold Chief Governance Officer, Corporate Secretary

WDO Stock  CAD 15.82  0.02  0.13%   

Executive

Ms. Heather Anne Laxton is Corporationrationrate Secretary of the Company. Ms. Laxton has 20 years of corporate secretarial, corporate governance and securities regulation experience with a focus on the mining sector in Canada, Europe, Russia and West Africa. She has served in several senior management and executive roles for companies listed on the Toronto Stock Exchange, TSX Venture Exchange, London Alternative Investment Market and New York Stock Exchange Amex, most recently as corporate secretary with Kirkland Lake Gold Inc. Prior to that, Ms. Laxton was chief governance officer and corporate secretary with Northern Gold Mining Inc., governance manager and company secretary with European Goldfields Ltd., and governance manager and corporate secretary with High River Gold Mines Ltd. During her career, she was involved in numerous transactions and financings, and has led the evaluation, design, implementation and monitoring of governance programs for several junior mining companies
Address 220 Bay Street, Toronto, ON, Canada, M5J 2W4
Phone416 360 3743
Webhttps://www.wesdome.com
Laxton began working as a professional law clerk in multinational law firms including Torys LLP and Smith Lyons LLP. She obtained an honours diploma from the law clerk program at Seneca College and completed the Canadian Securities Course in 2000.

Wesdome Gold Management Efficiency

The company has return on total asset (ROA) of 0.1861 % which means that it generated a profit of $0.1861 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.2715 %, meaning that it generated $0.2715 on every $100 dollars invested by stockholders. Wesdome Gold's management efficiency ratios could be used to measure how well Wesdome Gold manages its routine affairs as well as how well it operates its assets and liabilities. As of the 23rd of March 2025, Return On Tangible Assets is likely to grow to 0.19. Also, Return On Capital Employed is likely to grow to 0.31. At this time, Wesdome Gold's Total Assets are very stable compared to the past year. As of the 23rd of March 2025, Non Current Assets Total is likely to grow to about 589.6 M, while Non Currrent Assets Other are likely to drop about 5.3 M.
Wesdome Gold Mines has accumulated 175.84 M in total debt with debt to equity ratio (D/E) of 0.05, which may suggest the company is not taking enough advantage from borrowing. Wesdome Gold Mines has a current ratio of 2.79, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Wesdome Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Wesdome Gold's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Wesdome Gold Mines sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Wesdome to invest in growth at high rates of return. When we think about Wesdome Gold's use of debt, we should always consider it together with cash and equity.

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Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of gold in Canada. Wesdome Gold Mines Ltd. was founded in 1976 and is headquartered in Toronto, Canada. WESDOME GOLD operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 301 people. Wesdome Gold Mines (WDO) is traded on Toronto Exchange in Canada and employs 30 people. Wesdome Gold is listed under Metals & Mining category by Fama And French industry classification.

Management Performance

Wesdome Gold Mines Leadership Team

Elected by the shareholders, the Wesdome Gold's board of directors comprises two types of representatives: Wesdome Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Wesdome. The board's role is to monitor Wesdome Gold's management team and ensure that shareholders' interests are well served. Wesdome Gold's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Wesdome Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.
Niel PGeo, Director Geology
Stacy Kimmett, Vice President - Human Resources
Kevin Lonergan, Senior Services
Ben Au, Chief Financial Officer
Rajbir Gill, Senior Relations
Nadine Miller, Independent Director
Guy PEng, Chief Officer
Edie Thome, Independent Director
Heather Laxton, Chief Governance Officer, Corporate Secretary
Frederic MercierLangevin, Chief Officer
MSc PGeo, Chief Mine
Michael Michaud, Vice President - Exploration
Warwick MorleyJepson, Independent Chairman of the Board
Frederic ING, Chief Officer
Brian Skanderbeg, Independent Director
Joanna Miller, Vice Environment
Duncan Middlemiss, President, Chief Executive Officer, Director
Bill Washington, Independent Director
Scott Gilbert, Vice President - Financial Systems and Cost Control
MarcAndre Pelletier, Vice President - Operations for Quebec
Fernando Ragone, Senior CFO
Jonathan Singh, Interim Officer
Anthea Bath, CEO President
Guy Eng, Chief Officer
K Gosselin, VP Resources
Lindsay Dunlop, Vice President - Investor Relations
Ronald Lawrence, Exploration President
Charles Main, Independent Director
Patricia Moran, Vice Relations
Duncan PEng, CEO Pres

Wesdome Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Wesdome Gold a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Wesdome Gold

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Wesdome Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Wesdome Gold will appreciate offsetting losses from the drop in the long position's value.

Moving together with Wesdome Stock

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Moving against Wesdome Stock

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The ability to find closely correlated positions to Wesdome Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wesdome Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Wesdome Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Wesdome Gold Mines to buy it.
The correlation of Wesdome Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Wesdome Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wesdome Gold Mines moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Wesdome Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Wesdome Stock

Wesdome Gold financial ratios help investors to determine whether Wesdome Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Wesdome with respect to the benefits of owning Wesdome Gold security.