West Red Lake Gold Mines Ltd (WRLG) News

As highlighted in yesterday's Global Stocks News article, West Red Lake Gold Mines (WRLG.v WRLGF) is advancing plans for a 2025 production restart at its Madsen Gold Mine. Tightly-spaced drilling at the McVeigh Zone aims to strengthen resource confidence, supporting a robust mine plan and future growth.
https://www.theglobeandmail.com/investing/markets/stocks/WRLG-X/pressreleases/30573221/tight-drill-spacing-at-west-red-lake-golds-mcveigh-zone-adds-high-confidence-ounces-to-mine-restart-plan/

*Posted on behalf of West Red Lake Gold Mines Ltd.

Advancing efforts toward restarting production by mid-2025 at the Madsen Mine, West Red Lake Gold (WRLG.v WRLGF) provided an update on the definition drill results from McVeigh Zone with highlights including 45.70 g/t Au over 3.85m, 50.99 g/t Au over 3m and 8.75 g/t Au over 16m: https://www.thenewswire.com/press-releases/1AdyFDqOp-tight-drill-spacing-at-west-red-lake-gold-s-mcveigh-zone-adds-high-confidence-ounces-to-mine-restart-plan.html

Notably, the conservative Pre-Feasibility Study for the Madsen Mine projects $70M/year in free cash flow at $2,200/oz gold, supported by reserves averaging 8.2 g/t gold, producing ~70,000 oz annually over a 7.2-year mine life, with an impressive 255% IRR. Additionally, 1.2 million Indicated ounces remain outside the reserve count, with strong conversion potential. With gold prices forecasted to surpass $3,000/oz in 2025, Madsen's economic outlook is further strengthened. Hosting an NI 43-101 Indicated Resource of 1.65M oz @ 7.4 g/t Au and an Inferred Resource of 0.37M oz @ 6.3 g/t Au, WRLG is well-positioned to deliver a high-grade gold project in favorable market conditions: https://www.reddit.com/r/pennystocks/comments/1i6v9ua/west_red_lake_gold_intersects_4570_gt_au_over/

Yesterday, WRLG.v (WRLGF) reported high-grade drill results from the McVeigh Zone at its near-production Madsen Gold Mine, including 3.85m at 45.70g/t Au & 3m at 50.99g/t Au. Drilling supports resource growth ahead of WRLG's planned 2025 gold production restart. Full news breakdown and DD here⬇️
https://www.reddit.com/r/Wealthsimple_Penny/comments/1i651ix/today_west_red_lake_gold_mines_wrlgv_wrlgf_shares/

Today, West Red Lake Gold Mines (WRLG.v WRLGF) reported high-grade drill results from the McVeigh Zone at its Madsen Gold Project, including 45.7 g/t Au over 3.85m and 50.99 g/t Au over 3m, supporting WRLG's 2025 Gold production restart goals.
https://westredlakegold.com/west-red-lake-gold-intersects-45-70-g-t-au-over-3-85m-50-99-g-t-au-over-3m-and-8-75-g-t-au-over-16m-at-mcveigh-madsen-mine/

*Posted on behalf of West Red Lake Gold Mines Ltd.

Today, West Red Lake Gold (WRLG.v WRLGF) reported high-grade definition drill results from its 100% owned Madsen Mine in Ontario's Red Lake Gold District with highlights including 45.70 g/t Au over 3.85m, 50.99 g/t Au over 3m and 8.75 g/t Au over 16m: https://www.globenewswire.com/news-release/2025/01/20/3011858/0/en/West-Red-Lake-Gold-Intersects-45-70-g-t-Au-over-3-85m-50-99-g-t-Au-over-3m-and-8-75-g-t-Au-over-16m-at-McVeigh-Madsen-Mine.html

To continue building an inventory of high-confidence ounces to support the restart of production, drilling focused on the high-grade McVeigh Zone, which currently contains an indicated mineral resource of 79,800oz grading 6.4g/t Au and an inferred resource of 14,300oz grading 6.9g/t Au, and these results follow up on the significant intercepts previously announced from the zone which included 106.99 g/t Au over 2.35m and 17.77 g/t Au over 5.5 m, respectively.

West Red Lake Gold Mines (WRLG.v WRLGF) has kicked off 2025 right, releasing a positive pre-feasibility study ($315M post-tax NPV), securing a $35M credit facility to fund remaining mine restart costs, and appointing a new VP of Operations.

Notably, the PFS is very conservative as it uses a $2200/ounce Gold cutoff price (gold is currently priced at $2700/ounce), does not include 1.1M oz of resources and has not factored in the recent 50,000+ m of drilling.

Bulk sample mining is underway at the project, with production ramp-up scheduled for mid-year.
More here: https://westredlakegold.com/news

*Posted on behalf of West Red Lake Gold Mines Ltd.

Joining Resource Stock Digest, WRLG's VP Communications Gwen Preston detailed the company's transformative 2024 and goals going into 2025 as it nears production:  

In 2024, WRLG focused on transforming the Madson Mine into a high-performing gold operation by completing 58,000 meters of definition drilling, addressing prior operational challenges, and implementing key capital improvements such as a 1.2 km tunnel, on-site camp, and maintenance facilities. These efforts reduced costs, enhanced efficiency, and established a minable inventory for the first 18 months of production. In 2025, WRLG is set to begin gold production by mid-year, ramping up to 800 tons per day while delivering on a robust, yet conservative, pre-feasibility study with an NPV5 of $350.5M and an IRR of 255%. With additional upside potential, favorable jurisdictional support, and strong market catalysts, WRLG is well-positioned to emerge as a significant gold producer.

With the appointment of Hayley Halsall-Whitney as Vice President Operations, West Red Lake Gold (WRLG.v WRLGF) has strengthened its mine operations team at a vital time for the company as it's advancing the Madsen Gold Mine in Ontario's historic Red Lake District, targeting first production mid-2025: https://x.com/StckMasterFlash/status/1879635951426973857

Highlighting its strong economic potential and growth opportunities, WRLG recently unveiled a promising PFS for the imminent restart of Madsen, outlining a high-grade operation with an average diluted head grade of 8.2 g/t gold, producing 67,600 ounces of gold annually over a 7.2-year mine life. With a post-tax NPV (5%) of $315 million at a gold price of US$2,200 per ounce and robust cash flows averaging $69.5 million annually, the project is underpinned by low startup capital, with much of the construction already completed: https://www.reddit.com/r/Canadapennystocks/comments/1hw2p5b/wrlgv_pfs_results_from_madson_gold_mine_summary/

Notably, this was a very conservative PFS and gold price cut off of only $2200. In addition, 50,000+m of drilling hasn't been factored into the resource and 1.1M ounces of the resource are not part of the existing mine plan. There is also much more exploration planned with results from several different high grades zones warranting more drilling. All this equates to significant upside not represented in the PFS with plans in place to increase all of the production output numbers.

Yesterday, West Red Lake Gold (WRLG.v WRLGF) announced the appointment of Hayley Halsall-Whitney as Vice President Operations, a strong move in strengthening its mine operations team: https://westredlakegold.com/west-red-lake-gold-strengthens-mine-operations-team-with-appointment-of-hayley-halsall-whitney-as-vice-president-operations/

Boasting over 20 years of experience in Canadian mining, she brings a strong track record of operational excellence, with career highlights including leading Wesdome Gold Mines' Eagle River Mine (2020–2024) to record production in 2021, implementing operational improvements, increasing reserve and resource grades, reducing cash costs, and advancing safety and equity policies as well as holding leadership roles at North American Palladium, Goldcorp’s Porcupine Mine, and Glencore’s Sudbury operations, including work in process control and metals accounting.

Crux Investor highlights WRLG.v targeting mid-2025 production at its high-grade Madsen mine w/ 1.7Moz at 7.4 g/t Gold. Key catalysts include an upcoming PFS, positioning WRLG for a potential re-rating as the market gains clarity on its progress. More⬇️
https://www.cruxinvestor.com/posts/west-red-lake-gold-mines-draw-nearer-towards-2025-production-at-flagship-madsen-gold-project

*Posted on behalf of West Red Lake Gold Mines Ltd.

In a recent video update, Gwen Preston, West Red Lake Gold Mines' (WRLG.v WRLGF) VP of Communications, detailed plans to restart gold production at their Madsen Mine in 2025 and release a new mine plan which integrates high-grade satellite zones like the Fork zone to boost output.

*Posted on behalf of West Red Lake Gold Mines Ltd.

Informative post here on West Red Lake Gold Mines Ltd. (WRLG.v WRLGF) and the remaining fundamental pieces in order to restart the Madsen Mine in the Red Lake District of Ontario, Canada. Also includes a link to a recent presentation from the Deutsche Goldmesse.
https://www.reddit.com/r/Penny_Stocks_Canada/comments/1hhei7e/west_red_lake_gold_mines_wrlgv_wrlgf_working/

*Posted on behalf of West Red Lake Gold Mines Ltd.

West Red Lake Gold Mines (WRLG.v WRLGF) is making significant strides toward its 2025 gold production restart, reporting 50% completion of the 1.2-km Connection Drift at the Madsen Project alongside other critical infrastructure upgrades. The company is also prioritizing exploration at the Fork Deposit, emphasizing its high-grade potential based on historic drill results. Additionally, a pre-feasibility study (PFS) for the Madsen Gold Project is anticipated soon, offering key insights into its restart plans. https://westredlakegold.com/news

*Posted on behalf of West Red Lake Gold Mines Ltd.

West Red Lake Gold Mines (WRLG.v WRLGF) rose 7% on high volume today after unveiling a refined strategy for the Fork Deposit at its Madsen Gold Project yesterday.

With gold production set to restart by mid-2025, WRLG's focus on additional high-grade opportunities supports its growth vision. Full news summary & DD here⬇️
https://www.reddit.com/r/Wallstreetbetsnew/comments/1hbffrm/today_west_red_lake_gold_mines_wrlgv_wrlgf/

Today, West Red Lake Gold Mines (WRLG.v WRLGF) revealed plans to unlock high-grade gold potential at the Fork Deposit, part of its near-production Madsen Gold Project. Hosting 70,400 oz @ ~5.3 g/t Au, Fork’s shallow, high-grade zone near existing infrastructure is prioritized for WRLG's 2025 drilling.
https://westredlakegold.com/west-red-lake-gold-envisions-high-grade-underground-satellite-at-fork-deposit-madsen-property/

*Posted on behalf of West Red Lake Gold Mines Ltd.

BTV recently interviewed West Red Lake Gold (WRLG.v WRLGF) CEO Shane Williams, who highlighted the company's plans to restart gold production at their Madsen Mine by mid-2025.

The project has 1.7Moz in indicated resources, permits and infrastructure for fast-tracked operations. Full video summary⬇️
https://www.reddit.com/r/PennyStocksCanada/comments/1h7mcpp/interview_summary_west_red_lake_gold_wrlgv_or/

West Red Lake Gold (WRLG.v or WRLGF) is on track to revive the historic Madsen Gold Mine in Ontario's Red Lake district by mid-2025. With 1.7M oz indicated and 0.4M oz inferred resources & ongoing exploration, WRLG aims to transition efficiently to production💥⛏️
Posted on behalf of West Red Lake Gold Mines Ltd.

West Red Lake Gold Mines (WRLG.v or WRLGF for US investors) is progressing toward restarting gold production at the Madsen mine in Ontario’s Red Lake district. CEO Shane Williams highlighted WRLG's 1.7M oz Au resource, 50,000m of drilling, infrastructure upgrades, upcoming PFS & 2025 production restart target. Full interview breakdown here⬇️
https://www.reddit.com/r/wallstreetsmallcaps/comments/1h61gbu/west_red_lake_gold_mines_wrlgv_nears_gold/

Madsen Mine Site Update: Connection Drift 50% Complete, Primary Crusher Commissioned, Camp Installation Underway
West Red Lake Gold Mines Ltd.
Wed, December 4, 2024 at 10:31 AM

https://finance.yahoo.com/news/madsen-mine-connection-drift-50-153100705.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuYmluZy5jb20v&guce_referrer_sig=AQAAAC6FYTrxPNpFicIraCQEvZyuUTFOn3Ni6setR_AXEgBy77PCRW8A1kZE--Uy1HQUI3L_Hx2QwEMZ3XkuLWdgUHBAw33-c8ZQAblepJ-2aOP_zMDyRmoGVHKGm-RxN6ffBt32urcBCQ6zkPu1Tbo9dMR_bB7X-ptcbB0UqL8jLMGL

West Red Lake Gold Mines (WRLG.v WRLGF) CEO Shane Williams highlighted the acquisition of the Madsen gold mine, with $350M in infrastructure, for just $6.5M. He emphasized extensive drilling, significant infrastructure upgrades, and an upcoming pre-feasibility study focused on an 800 t/day plan, with production targeted for 2025.

*Posted on behalf of West Red Lake Gold Mines Ltd.

Gold prices reached an all-time high, rising 32% in 2024 due to factors such as geopolitical uncertainty in the Middle East, the U.S. presidential election, and expectations of lower Federal Reserve interest rates. Central bank purchases, particularly from China, have bolstered demand, with nations seeking to reduce reliance on the U.S. dollar. Although central bank buying slowed midyear, continued investor demand for gold as a safe-haven asset has been driven by global instability and confidence in further Fed rate cuts. (Soure: https://abcnews.go.com/Business/gold-prices-hitting-record-highs/story?id=114923101)

West Red Lake Gold (WRLG.v WRLGF) stands out as a compelling investment in the current gold market due to its combination of high-grade discoveries, a significant resource base, and near-term production potential at its flagship Madsen Mine which boasts robust NI 43-101 resources of 1.65 million ounces Indicated at 7.4 g/t Au and 0.37 million ounces Inferred at 6.3 g/t Au: https://www.reddit.com/r/Wealthsimple_Penny/comments/1h0py9l/interview_summary_west_red_lake_gold_mines_wrlgv/

West Red Lake Gold Mines (WRLG.v WRLGF) is advancing toward restarting the Madsen Gold Mine in Ontario's Red Lake District by mid-2025. With a PFS due early 2025 and recent high-grade drill results at the Upper 8 Target, WRLG is positioning the project for a strong return to gold production.
https://www.theglobeandmail.com/investing/markets/stocks/WRLG-X/pressreleases/29771387/

Following the definition of a new ore shoot at West Red Lake Gold's (WRLG.v WRLGF) Upper 8 Target, Guy Bennett from Global Stocks News did a deep dive into the significance of these results, noting the similarities to its high-grade 8 zone which boasts an Indicated resource of 87,700 oz @ 18 g/t Au.: https://www.theglobeandmail.com/investing/markets/markets-news/TheNewswire.com/29771387/structural-repetition-west-red-lake-golds-new-ore-shoot-is-similar-to-the-high-grade-8-zone/

Notably, the new shoot features intercepts like 44.17 g/t Au over 1.3m. As WRLG advances toward a 2025 restart of the Madsen Mine, a Pre-Feasibility Study is nearing completion with mine’s robust resources of 1.65 Moz Indicated @ 7.4 g/t Au and largely complete infrastructure making it a key asset: https://www.reddit.com/r/wallstreetsmallcaps/comments/1gwvm36/west_red_lake_gold_mines_wrlgv_wrlgf_progresses/

West Red Lake Gold Mines (WRLG.v WRLGF) CEO Shane Williams discusses their restart of the 2M-ounce Madsen Gold Project. With PFS completion expected in early 2025, the company targets initial production of 60-70k ounces/year starting in mid-2025, leveraging existing infrastructure and a systematic drilling approach.

Last week, West Red Lake Gold (WRLG.v WRLGF) reported additional drill results from its Upper 8 Target at the 100% owned Madsen Property located in the Red Lake Gold District in Ontario, Canada: https://www.reddit.com/r/wallstreetsmallcaps/comments/1gwvm36/west_red_lake_gold_mines_wrlgv_wrlgf_progresses/

Notably, this drilling program underscores WRLG’s commitment to unlocking the high-grade potential of the Upper 8 Target, which may become a key asset within the Red Lake District with key highlights including 1.5m @ 21.44 g/t Au from  297.7m to 299.2m including 0.5m @ 52.17 g/t Au with ~30 specks of visible gold and 2m @ 7.41 g/t Au from 340.25m to 342.25m including 0.5m @ 23.74 g/t Au.

Yesterday, WRLG.v (WRLGF) announced new high-grade drill assays from the Upper 8 Target in its near-term Madsen Gold Project. Results include 0.5m @ 52.17 g/t Au w/ visible gold. WRLG aims to restart gold production at the project in 2025 & is currently finalizing a PFS to optimize plans. More⬇️
https://www.reddit.com/r/wallstreetsmallcaps/comments/1gwvm36/west_red_lake_gold_mines_wrlgv_wrlgf_progresses

Today, West Red Lake Gold Mines (WRLG.v, WRLGF) announced new drill results at the Upper 8 Target of its past-producing Madsen Gold Project, defining a high-grade ore shoot with growth potential. Assays include 1.5m @ 21.44 g/t Au, with 0.5m @ 52.17 g/t Au and visible gold. + A pre-feasibility study for the project is expected in early 2025 to support near-term gold production restart. Full news here: https://westredlakegold.com/west-red-lake-gold-defines-new-high-grade-shoot-at-upper-8-target-madsen-property/

*Posted on behalf of West Red Lake Gold Mines Ltd.

Goldman Sachs forecasts gold at $3,000/oz by Dec. 2025, driven by central bank buying, Fed rate cuts, and geopolitical risks.
https://www.benzinga.com/markets/commodities/24/11/42036300/go-for-gold-says-goldman-sachs-precious-yellow-metal-price-would-rise-in-2025-amid-central-bank-buying-fed-rate-cuts

This could provide tailwinds for WRLG.v as it aims to restart gold production in mid-2025. The company has completed 42,500m of drilling and expects to release a pre-feasibility study for the Masden Project this month. More: https://westredlakegold.com/west-red-lake-gold-provides-update-on-madsen-mine-restart-activities/

*Posted on behalf of West Red Lake Gold Mines Ltd.

West Red Lake Gold Mines (WRLG.v WRLGF) is progressing towards restarting gold production at its Madsen mine, acquired for $6.5M despite $350M in existing infrastructure. CEO Shane Williams highlights the 50,000m WRLG has drilled to de-risk the project and its upcoming pre-feasibility study focusing on WRLG's 800 t/day plan.
*Posted on behalf of West Red Lake Gold Mines Ltd.

As highlighted in a recent video, West Red Lake Gold (WRLG.v WRLGF) is advancing its Madsen Mine towards gold production by late 2025, positioning itself on the Golden Runway of the Lassonde Curve, a phase linked to strong stock performance.

CEO Shane Williams called WRLG's $6.5M acquisition of Madsen the "deal of the decade" with its $350M in prior infrastructure investment. Full video summary here⬇️
https://www.reddit.com/r/PennyStocksCanada/comments/1gsaaxu/video_summary_the_madsen_mine_nears_gold/

West Red Lake Gold (TSXV: WRLG, OTCQB: WRLGF) is strategically positioning its Madsen Mine on the “Golden Runway” of the Lassonde Curve, as highlighted in a recent Capital 10X video. CEO Shane Williams called the $6.5 million acquisition of the past-producing mine the "deal of the decade" due to its $350 million prior investment and 1.7 million ounces of gold at 7.4 g/t indicated. WRLG is progressing toward restarting production by late 2025, leveraging existing infrastructure and bypassing the usual 10–15-year build timeline. This advancement is poised to capitalize on strong gold prices and offers significant potential returns for investors.

Posted on behalf of West Red Lake Gold Mines Ltd.

Joining Capital 10X, West Red Lake Gold (WRLG.v WRLGF) CEO Shane Williams, detailed the company's strategic advantage in acquiring the Madsen Property, described as the "deal of the decade" offering a "golden runway":

Unlike typical mines that take 10-15 years to build, Madsen is close to production with substantial work already done, including a team and infrastructure in place, making it a rare, valuable opportunity acquired at a low cost. Having chosen Madsen as a foundational asset for its new gold company to capitalize on this transition, WRLG's goal is to restart the Madson mine by 2025, positioning investors to benefit as the mine begins producing gold and leveraging rising gold prices.

As highlighted by Crux Investor, WRLG.v (WRLGF) is set to release a pre-feasibility study after raising $29M to restart gold production at its Madsen Mine in the Red Lake district.
https://www.cruxinvestor.com/posts/west-red-lake-gold-mines-poises-for-successful-restart-of-madsen-mine

$350M in infrastructure, 15 months of project de-risking & $150M raised to date position WRLG for a strong restart. Full article summary and WRLG DD here⬇️
https://www.reddit.com/r/Wallstreetbetsnew/comments/1gmwn1k/west_red_lake_gold_mines_wrlgv_wrlgf_nears/

West Red Lake Gold Mines (WRLG.v, WRLGF) is advancing towards restarting gold production at its Madsen mine in Ontario's Red Lake district, supported by $350M in existing infrastructure. Following a $29M raise and 15 months of de-risking, WRLG anticipates releasing a pivotal pre-feasibility study for the project this month. *Posted on behalf of West Red Lake Gold Mines Ltd.
https://www.cruxinvestor.com/posts/west-red-lake-gold-mines-poises-for-successful-restart-of-madsen-mine

West Red Lake Gold Mines' (WRLG.v WRLGF) Gwen Preston outlined their 2025 gold production plans at the Kinvestor Conference, highlighting Madsen Mine's $350M+ infrastructure, $68M new financing & strategic leadership by Billionaire Frank Giustra & CEO Shane Williams.

Madsen hosts 1.7M oz at 7.4 g/t, targeting growth amid a gold bull market. Full video summary⬇️
https://www.reddit.com/r/wallstreetsmallcaps/comments/1gldhy2/west_red_lake_gold_mines_wrlgv_outlines_2025_gold/

At the recent Kinvestor Conference, West Red Lake Gold Mines (WRLG.v/WRLGF) VP of Communications, Gwen Preston, detailed the company’s plans to resume gold production in 2025 at the Madsen Project, supported by extensive drilling, a recent $68M financing, and >$350M in infrastructure. *Posted on behalf of West Red Lake Gold Mines Ltd.

WRLG.v (OTCQB: WRLGF) recently gave an update on how it is progressing toward restarting gold production at its Madsen Mine, highlighting its 42,500m definition drilling, tailings dam lift, underground development, mill pre-commissioning & upcoming pre-feasibility study. Full update breakdown here⬇️
https://www.reddit.com/r/Wallstreetbetsnew/comments/1ghjpaj/west_red_lake_gold_mines_wrlgv_gives_madsen_mine/

West Red Lake Gold Mines Ltd. (WRLG.v, WRLGF) advances toward restarting gold production at its Madsen Mine. Key updates include a completed tailings dam lift, nearing pre-feasibility study, extensive definition drilling, ramped-up underground development, mill pre-commissioning, and test mining preparations. Full update⬇️
https://westredlakegold.com/west-red-lake-gold-provides-update-on-madsen-mine-restart-activities/

West Red Lake Gold Mines (WRLG.v, WRLGF) closed a $68M financing package to fully fund the Madsen Mine restart in Ontario, with production expected in 2025. In a video released today VP of Investor Relations Gwen Preston detailed the plan, covering definition drilling, upgrades, and underground development. Madsen currently has an indicated resource of 1.65M ounces of gold at 7.4 g/t within 6.9M tonnes and 0.37M ounces of gold at 6.3 g/t within 1.8M tonnes in the inferred category. *Posted on behalf of West Red Lake Gold Mines Ltd.

Yesterday, WRLG.v closed its upsized C$28.75M public offering + ~C$48M loan from Nebari & marking the final capital package before restarting production at the Madsen Gold Mine. + Drilling at the project's South Austin Zone continues to deliver high-grade results, aiming to expand the zone's 474,600 oz at 8.7 g/t Au resource. Full news breakdown & project info here ⬇️
https://www.reddit.com/r/Wallstreetbetsnew/comments/1gbgyss/west_red_lake_gold_mines_wrlgv_wrlgf_closes_c29m/

West Red Lake Gold Mines (WRLG.v, WRLGF) closed its C$29M upsized financing today, raising funds to help advance its planned 2025 production restart of its Madsen Gold Mine which has an indicated resource of **6.9M tonnes @ 7.4 g/t Au.
https://westredlakegold.com/west-red-lake-gold-announces-closing-of-29-million-bought-deal-public-offering/

*Posted on behalf of West Red Lake Gold Mines Ltd.

West Red Lake Gold Mines (WRLG.v, WRLGF) closed its C$29M upsized financing today, raising funds to help advance its planned 2025 production restart of its Madsen Gold Mine which has an indicated resource of 474,600 oz at 8.7 g/t.
https://westredlakegold.com/west-red-lake-gold-announces-closing-of-29-million-bought-deal-public-offering/

Posted on behalf of West Red Lake Gold Mines Ltd.

West Red Lake Gold Mines (WRLG.v, WRLGF) recently shared more high-grade results from its Madsen Gold Project and is set to secure >C$70M to support a pre-feasibility study, test mining, and more for Madsen's planned H2 2025 gold production restart.
https://westredlakegold.com/west-red-lake-gold-announces-upsize-to-previously-announced-bought-deal-public-offering/

*Posted on behalf of West Red Lake Gold Mines Ltd.

See above post for correction

West Red Lake Gold Mines (WRLG.v, WRLGF) recently shared more high-grade results from its Madsen Gold Project and is set to secure C$93M to support a pre-feasibility study, test mining, and more for Madsen's planned H2 2025 gold production restart.
https://westredlakegold.com/west-red-lake-gold-announces-upsize-to-previously-announced-bought-deal-public-offering/

*Posted on behalf of West Red Lake Gold Mines Ltd.

"Gold equities are not priced as if gold is $2,000. They are priced as if gold is going to be $1,500. There's a disbelief out there and don't ask me why... I've never seen it in 40 years in the business... The gold equities lagging SO badly..." (Source: https://x.com/Comm_Invest/status/1847048447309844503)

Despite gold's consistent surge to new all time highs, junior mining equities have continued to lag, creating a substantial opportunity in the market. Having recently secured over $70 million for the restart of its Madsen Gold Mine, West Red Lake Gold (WRLG.v WRLGF) is strongly positioned in this market as it aims to recommence production at its 2 million ounce resource in 2025: https://x.com/StckMasterFlash/status/1847378212248313894

West Red Lake Gold (WRLG.v WRLGF) Secures Over $70 Million for Madsen Gold Mine Restart

Today, West Red Lake Gold (WRLG.v WRLGF) announced that it has upsized yesterday's bought-deal financing agreement with Raymond James, for gross proceeds exceeding $25,000,000, a day after announcing it has secured commitments exceeding C$68 million to fund the restart of its Madsen Gold Mine: https://westredlakegold.com/west-red-lake-gold-announces-upsize-to-previously-announced-bought-deal-public-offering/

Expected to recommence production in 2025 at the 2 million ounce resource, WRLG is expected to release the pre-feasibility study within a month with test mining will continue into Q1 2025, after which the mine will transition to production

West Red Lake Gold Mines (WRLG.v WRLGF) recently shared high-grade drill results from the South Austin Zone at its Madsen Mine project in Ontario, including 37.09 g/t Au over 3.12m and 18.11 g/t Au over 2.76m. These results support WRLG’s goal to restart gold production by H2 2025, with a pre-feasibility study upcoming. More⬇️
https://www.reddit.com/r/Wallstreetbetsnew/comments/1g4kl8z/west_red_lake_gold_wrlgv_wrlgf_intersects/

Last week, West Red Lake Gold (WRLG.v, WRLGF) reported high-grade drill results from the South Austin Zone at its Madsen #Gold Mine, including 37.09 g/t Au over 3.12m and 18.11 g/t Au over 2.76m. These results support the company's goal of restarting production by H2 2025 with a pre-feasibility study underway.
https://westredlakegold.com/west-red-lake-gold-intersects-37-09-g-t-au-over-3-12m-and-18-11-g-t-au-over-2-76m-at-south-austin-madsen-mine/

Posted on behalf of West Red Lake Gold Mines Ltd.

West Red Lake Gold Mines (WRLG.v WRLGF) reports high-grade drill results from the South Austin Zone at its Madsen Project, key to restarting gold production in 2025. Analysts from Red Cloud set a $2 price target (current SP = $0.78), citing WRLG’s robust infrastructure and resource base.
https://www.streetwisereports.com/article/2024/10/09/high-grade-gold-strikes-at-madsen-boost-confidence-for-production-restart-in-2025.html

*Posted on behalf of West Red Lake Gold Mines Ltd.