Jeremy Wyeth, Chief Executive Officer of Excellon Resources Inc. (TSX: EXN), handed in his resignation to the Board of Directors on June 4 following a confrontational shareholder meeting on May 31 in Toronto.
The resignation comes only days after members of the communal landowners group, Ejido “La Sierrita”, attended Excellon’s shareholders’ meeting to vote against stock options for the board of directors and demand that the company resolve community and labour disputes at the La Platosa mine in Durango, Mexico. The resignation also comes a week after both landowners and employees in Mexico, along with Canadian allies, filed a complaint against Excellon under the OECD Guidelines for Multinational Corporations with the National Contact Point in Ottawa.
During the shareholder meeting, community representatives Daniel Pacheco and David Espinoza insisted that the company send Canadian management to a negotiation in early June to resolve a long-simmering land conflict with the Ejido La Sierrita. “Your management in Mexico has failed to respect its agreement with our community and avoided coming to the table to resolve our legitimate concerns. We need your Canadian management to attend negotiations in early June to ensure significant change. Only then will we know that Excellon is taking the peaceful resolution of these conflicts seriously,” said Mr. Pacheco at the May 31st meeting. The representatives also insisted that the company engage in negotiations of a legitimate collective bargaining agreement with workers in the mine ... more