Phil Yee

Phil Yee Email and Phone Number

Retired Senior Mining Executive @ Wesdome Gold Mines
Phil Yee's Location
West Vancouver, British Columbia, Canada, Canada
Phil Yee's Contact Details
About Phil Yee

Corporate director experience with Chartered Professional Accountant (CPA) and Institute of Corporate Director (ICD) eduction and designation. Experienced senior executive with 23 years in publicly traded mining and precious metal companies listed on international stock exchanges (TSX, NYSE, ASE, London AIM). CFO of top performing TSX stock (2017) and top performing TSX mining stock (2018 & 2023).Significant international financial, taxation, operational and crisis management experience with 10 years resident in Kyrgyzstan, Central Asia as VP Finance at the significant Kumtor Mine operation managing ongoing government interference, taxation challenges, political risk including 2 in-country revolutions and threats of nationalization. Also experienced with mining jurisdictions in Canada, Australia, Turkiye, Greece and Argentina. EVP & CFO of successful turnarounds of 3 distressed precious mining companies focused on financial and operational restructuring. Realized significant share value appreciation through development and delivery of global strategies and enterprise governance, proactive investor relations, focus on people and leadership, change management, executing key strategies, building strong and stable financial base and proactive management of enterprise risks. Experienced in crisis management, government relations, international taxation, investor relations marketing and financial risk management.As EVP & CFO of Eldorado Gold Corp., market capitalization increased over 400%, a result of strengthened balance sheet (re-financings), increased credibility with investors and financial markets, financial and political de-risking of long delayed major Skouries project in Greece, and successful management of Turkiye subsidiary operations in a difficult and unstable financial, taxation and political environment.As EVP & CFO of Kirkland Lake Gold Corp., market capitalization increased almost 500%, a result of successful integration of cultures, systems and processes among three companies (2 major acquisitions in 2016). Balance sheet bolstered by significant and complex tax restructuring. Market capitalization increased through inaugural listings on NYSE (2017) and ASE (2018). KLG acquired by Agnico Eagle Mines Ltd in 2022.Share value of Lakeshore Gold Corporation increased by over 600% through operational and financial turnaround, a result of stringent cost control measures and timely delivery of operational strategies. Balance sheet strengthened through aggressive management of debt and liquidity. LSG acquired by Tahoe Resources in 2016.

Phil Yee's Current Company Details
Wesdome Gold Mines

Wesdome Gold Mines

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Retired Senior Mining Executive
Phil Yee Work Experience Details
  • Wesdome Gold Mines
    Board Member
    Wesdome Gold Mines Oct 2024 - Present
    Toronto, Ontario, Ca
  • Retired - Mining & Metals
    Retired Mining Executive
    Retired - Mining & Metals Jun 2024 - Present
    Special Advisor to the CEOArizona Gold & Silver Inc.
  • Eldorado Gold Corporation
    Executive Vice President & Chief Financial Officer
    Eldorado Gold Corporation Sep 2018 - Jan 2024
    Vancouver, Bc, Ca
    Eldorado Gold Corporation is a gold mining, development and exploration company. Based in Vancouver, Canada, Eldorado owns and operates mines around the world. The Company has operations and ongoing exploration in development projects in Turkey, Canada, Greece and Romania.Corporate balance sheet strengthened through 2 separate re-financings of senior debt.Credibility and confidence of investors and financial markets increased through disciplined investor relations marketing.Long delayed Skouries Mine project on track for commissioning in 2025 through de-risking with new investment agreement and unique one-of-a-kind project financing agreement. Share price appreciation over 400% from 2019 to 2024.Eldorado is a public company listed on the Toronto Stock Exchange and the New York Stock Exchange and is incorporated and domiciled in Canada.
  • Kirkland Lake Gold Ltd. (Kl)
    Executive Vice President & Chief Financial Officer
    Kirkland Lake Gold Ltd. (Kl) Dec 2016 - Sep 2018
    Kirkland Lake Gold Ltd. (KL) is a mid-tier, TSX, NYSE and ASX listed gold producer targeting 600,000+ ounces of gold in Tier 1 mining jurisdictions of Canada and Australia. The production profile of the company is anchored by two high grade, low-cost operations including the Macassa Mine Complex located in Ontario, Canada and the Fosterville Gold Mine located in the state of Victoria, Australia. KL was named the top performer on the TSX in 2017 and top mining stock performer in 2018 among companies listed for the full year.Successful at integrating the financial reporting, treasury and capital procurement functions of 3 separate junior mining companies into a successful mid-tier mining company with market capitalization increasing from around $700M in late 2016 to over $6.5B in 2018.KLG acquired Detour Lake Mine in 2019. KLG was acquired by Agnico Eagle Mines Ltd in 2022.
  • Kirkland Lake Gold Inc. (Klg)
    Executive Vice President, Corporate Integration & Systems Management
    Kirkland Lake Gold Inc. (Klg) Oct 2016 - Nov 2016
    Toronto, On, Ca
    Kirkland Lake Gold LTD. is an intermediate Canadian gold producer with assets in the Kirkland Lake gold camp and east of the Timmins gold camp, both located in the Lower Abitibi Greenstone belt of northeastern Ontario. The Company owns five former high grade gold mines within the Kirkland Lake camp that produced in excess of 22 million ounces at an average grade of 15.1 grams per tonne and controls a strike length of 120 kilometres along the Porcupine-Destor Fault Zone, which has produced in excess of 100 million ounces of gold from Timmins eastwards towards Val D’or in Quebec. The Company currently operates the Macassa Mine Complex, and the Holt, Holloway and Taylor mines and is targeting production of between 270,000 – 290,000 ounces of gold in 2016.With large land holdings in two historic gold camps, the Company intends to foster organic growth within the land package with a solid annual exploration program.As EVP, Corporate Integration & Systems Management, responsible for the Canadian mining operations and the development of the strategic budget for 2017 as well as integrating systems and processes across the Macassa, Taylor, Holt and Holloway mine sites.
  • Lakeshore Gold Corp (Lsg)
    Senior Vice President & Chief Financial Officer
    Lakeshore Gold Corp (Lsg) May 2013 - Apr 2016
    Lake Shore Gold ("LSG") is a Canadian gold mining company operating in the Timmins Gold Camp that is a proven low cost producer (2015 - 178,700 oz., cash cost US$576/oz., AISC US$866/oz.) ) generating positive net free cash flow (cash $99.4M at Dec 31, 2015) with no secured debt.On April 1, 2016, the Company completed a business combination agreement with Tahoe Resources Inc. through which Tahoe acquired all the issued and outstanding common shares of LSG. LSG is now a wholly-owned subsidiary of Tahoe with a combined company market cap of $3.9B.Market cap for LSG increased significantly during tenure from $158M on May 1, 2013 ($0.37/share) to $876M on March 31, 2016 ($1.71/share implied offer price) ($1.89/share at close). Successful in managing debt holder financial covenants under stress in 2013 and implemented immediate measures to improve liquidity, lower costs and strengthen balance sheet. Renegotiated repayment terms for $70M credit facility resulting early repayment of line of credit and negotiated gold forward contracts to minimize lender rate of return on gold-linked note. Sourced and negotiated alternative debt and equity financing options in a challenging financial market. Delivered on key corporate strategy during 3 year tenure to meet annual production guidance at low cost, eliminate senior secured debt and strengthen balance sheet. Significantly improved financial, operations and internal controls and conducted risk management exercises to improve insurance coverage, reduce premiums and address cyber security concerns.Developed strong relationships with investor and banking communities, conducted marketing meeting with shareholders and investors and performed due diligence exercises for possible M&A scenarios. Raised $35M in flow-through equity financing and conducted extensive post-validation exercise to ensure compliance with CRA tax criteria.Conducted presentations to Board of Directors on budgets, forecasts and financial strategy.
  • Patagonia Gold Plc
    Chief Financial Officer
    Patagonia Gold Plc May 2011 - May 2013
    Patagonia Gold Plc is a London, UK based AIM listed mining company seeking to grow shareholder value through exploration, development and production of gold and silver projects in the southern Patagonia region of Argentina.Established new Canadian subsidiary office and completed listing of company on the Toronto Stock Exchange in December 2011. Developed new investor relations strategy for North America and cultivated strong Bay Street presence. Facilitated numerous investor and banker presentations and successful North American and European investor marketing. Developed new financial and compliance reporting to meet dual listing regulatory requirements of the TSX and AIM.
  • Centerra Gold Inc.
    Director, Finance
    Centerra Gold Inc. Nov 2010 - Jun 2011
    Toronto, Ontario, Ca
    Centerra is a Canadian-based gold mining company listed on the TSX and engaged in operating, developing, acquiring and exploring gold properties primarily in Asia, the former Soviet Union and other emerging markets worldwide. The company is the largest Western-based gold producer in Central Asia.Provided leadership, guidance and directional support to Finance division at Kumtor Operating Company to facilitate smooth transition during financial yearend and to address emerging local government and taxation issues. Facilitated financial due diligence process and requirements related to potential M&A opportunities. Developed insurance risk management strategies for the organization including planning of captive insurance companies in foreign jurisdictions to ensure compliance with foreign legislative requirements.
  • Centerra Gold Inc.
    Vice President Finance
    Centerra Gold Inc. Jun 2001 - Oct 2010
    Toronto, Ontario, Ca
    The Kumtor Gold Project, originated as a joint venture of Cameco Corporation and the Kyrgyz Government and since 2005 is the flagship gold mining operation of Centerra Gold Inc., a publicly traded company listed on the Toronto Stock Exchange. Kumtor is a world class high altitude gold mining operation located in Kyrgyzstan, Central Asia with average annual production in excess of 540,000 ounces per year. The Vice President Finance reports directly to the President and is responsible for all aspects of accounting, financial reporting, treasury, taxation, budgets, forecasting, capital management, risk management, corporate governance, planning as well as delivering all information technology and communications requirements for the organization. As a key member of the Executive Steering Committee, the VP Finance provides leadership for change within the organization and fosters strong productive relationships with site based operational teams as well as Corporate head office management and personnel.
  • Cuets
    Corporate Controller & Director Of Finance
    Cuets 1998 - 2001
  • Crown Life Insurance Company
    Director & Controller, Pension & Investment Management
    Crown Life Insurance Company 1995 - 1998

Phil Yee Skills

Financial Reporting Due Diligence Managerial Finance Mergers And Acquisitions Risk Management Mining Internal Controls Budgets Financial Modeling Ifrs Business Strategy Forecasting Strategy Investor Relations Sarbanes Oxley Act Corporate Finance Finance Gold Management Accounting Financial Analysis Project Planning Leadership Change Management Corporate Governance Business Process Improvement Project Finance Internal Audit Business Planning Tax Cash Flow Us Gaap Auditing Gaap Strategic Financial Planning Variance Analysis Treasury Financial Accounting Risk Assessment Sarbanes Oxley Base Metals

Phil Yee Education Details

  • Institute Of Corporate Directors
    Institute Of Corporate Directors
    Icd.D
  • University Of Saskatchewan
    University Of Saskatchewan
    Accounting / Finance
  • Institute Of Chartered Accountants Of Ontario
    Institute Of Chartered Accountants Of Ontario
    Chartered Professional Accountant / Chartered Accountant
  • Canadian Institute Of Chartered Accountants
    Canadian Institute Of Chartered Accountants
    Chartered Professional Accountant / Chartered Accountant
  • Institute Of Chartered Accountants Of Saskatchewan
    Institute Of Chartered Accountants Of Saskatchewan
    Chartered Professional Accountant / Chartered Accountant

Frequently Asked Questions about Phil Yee

What company does Phil Yee work for?

Phil Yee works for Wesdome Gold Mines

What is Phil Yee's role at the current company?

Phil Yee's current role is Retired Senior Mining Executive.

What is Phil Yee's email address?

Phil Yee's email address is ph****@****ell.net

What schools did Phil Yee attend?

Phil Yee attended Institute Of Corporate Directors, University Of Saskatchewan, Institute Of Chartered Accountants Of Ontario, Canadian Institute Of Chartered Accountants, Institute Of Chartered Accountants Of Saskatchewan.

What skills is Phil Yee known for?

Phil Yee has skills like Financial Reporting, Due Diligence, Managerial Finance, Mergers And Acquisitions, Risk Management, Mining, Internal Controls, Budgets, Financial Modeling, Ifrs, Business Strategy, Forecasting.

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