West Red Lake Gold Mines Ltd (WRLGF)

$0.59 +0.02 (3.17%)
Market Cap N/A
Revenue (ttm) 0.00
Net Income (ttm) 0.00
EPS (ttm) N/A
PE Ratio N/A
Forward PE N/A
Profit Margin 0.00%
Debt to Equity Ratio N/A
Volume 270,800
Avg Vol 726,810
Day's Range N/A - N/A
Shares Out N/A
Stochastic %K 28%
Beta N/A
Analysts Strong Buy
Price Target N/A

Company Profile

West Red Lake Gold Mines Ltd. acquires, explores, evaluates, and develops gold properties in Canada. It holds interests in the Rowan property with 146 claims covering 3,100 hectares located in the Red Lake gold district of Northwestern Ontario, Canada. The company was formerly known as DLV Resources Ltd. and changed its name to West Red Lake Gold Mines Ltd. in December 2022. West Red Lake Gold Mines Ltd. is based in Vancouver, Canada.

Industry: Gold
Sector: Basic Materials
Phone: 604-609-6132
Address:
595 Burrard Street, Suite 3123, Vancouver, Canada
BigShmoneyHoney
BigShmoneyHoney Jul. 31 at 10:33 PM
$WRLGF Two years after Shane Williams took the helm, West Red Lake Gold has gone from development story to high-grade gold producer—successfully restarting the Madsen Mine on schedule and now ramping up toward 67,000 oz/year by 2026. But the vision is bigger: Williams aims to grow WRLG into a 150,000 oz/year mid-tier producer—mirroring the path of Wesdome, where several key team members came from. Current ramp-up: 600–900 tpd throughput Mill capacity: Up to 1,200 tpd tested Grades: Rising toward 7–9 g/t as higher zones accessed Growth Strategy: Feed Madsen with satellite deposits like Rowan With strong gold prices, experienced leadership, and scalable infrastructure, West Red Lake is well-positioned to deliver outsized value. https://www.reddit.com/r/SmallCap_MiningStocks/comments/1mdhev1/west_red_lake_gold_a_young_producer_with_big/
0 · Reply
TexasMarvL
TexasMarvL Jul. 26 at 12:07 PM
$WRLGF Going back to December 2022, I see a triple top resistance at the $0.73 to $0.75 range. Once we get past $0.75 WRLGF looks ready fly. The Madsen mine restart benefits from having a smart plan and a great gold price.
1 · Reply
TexasMarvL
TexasMarvL Jul. 24 at 3:45 AM
$WRLGF This was an existing Royalty owned by Sprott. Summit Royalty Corp purchased from Sprott. https://markets.ft.com/data/announce/detail?dockey=600-202507220725CANADANWCANADAPR_C3765-1
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Samuel_DaMan
Samuel_DaMan Jul. 23 at 6:48 PM
$WRLGF I wonder what would’ve happened had gold stayed in the low $2KS? Not sure why they need more money and they keep diluting nonstop. These guys don’t give two sh!ts about investors. They are using us to fund their pockets and those they choose to benefit. Glad I sold a while back with a little profit. Not complaining. But I had a big junk invested here and deserved more. They are ruining investors. Good luck those still in it.
0 · Reply
TexasMarvL
TexasMarvL Jul. 23 at 3:12 PM
$WRLGF I have mixed thoughts on the announcement from this morning to sell 1% Royalty First, this means WRLGF is still raising money for working capital. No new shares, so that is good. On the other hand a Royalty company is paying almost $10 million up front and additional payments in the future based on production levels. In other words, this Royalty company seems to expect production to exceed 60,000 ounces per year for at least 5 years just to break even. If my math is correct. My math at a $3300 gold price, the 1 percent Royalty on 60000 ounces is slightly less than $2 million per year. This Royalty company is bullish on Madsen production for at least 5 or 6 years of mine life. I guess an investor can spin this news release as a positive and/or as a negative. Long term, if the Royalty company makes money for their investors then this was a good deal for everyone because that means WRLGF was also successful in their production plans.
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NetworkNewsWire
NetworkNewsWire Jul. 23 at 1:09 PM
Surging Gold Prices Fuel Junior Miner’s Push to Production $LFLR.CN $LFLRF $AMX.V $AMXEF $TLG.TO $CHXMF $WRLG.V $WRLGF $AOT.TO $AOTVF https://ibn.fm/40dpn
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BigShmoneyHoney
BigShmoneyHoney Jul. 18 at 9:22 PM
$WRLGF WRLG CEO Sees Gold Hitting $4,000—Outlines West Red Lakes Plans to Ride the Wave. West Red Lake Gold Mines (TSXV: WRLG | OTCQB: WRLGF) CEO Shane Williams shares his bullish gold outlook and company vision in a new interview with Investing News Network. “We’re beginning to see money turning back into gold... as institutional capital flows in, I believe that’s the next leg up.” – Shane Williams Key topics covered: Gold Outlook: US$4,000/oz forecast in 6–8 months Production Ramp-Up: Fully permitted Madsen Mine progressing Growth Strategy: New Rowan PEA outlines 35koz/year with strong IRR Mid-Tier Ambitions: Focus on consolidation and scaling Talent & Capital: Building investor interest and attracting top mining talent WRLG is emerging as one of Canada’s few juniors transitioning to production while growing high-grade ounces—positioned for upside in a rising gold market. 🎥 Full interview Summary: https://www.reddit.com/r/SmallCapStocks/comments/1m1ov9z/gold_to_4000_west_red_lake_ceo_shane_williams/
0 · Reply
StreetwiseReports
StreetwiseReports Jul. 14 at 7:15 PM
Miner Releases Positive PEA for Second Project https://ow.ly/S5N850Wpurx West Red Lake Gold Mines Ltd.'s Rowan demonstrates a CA$125 million after-tax NPV5% and a 41.9% IRR, in a base case scenario, noted a Red Cloud Securities report. $WRLG.V $WRLGF
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TexasMarvL
TexasMarvL Jul. 13 at 3:58 AM
$WRLGF Sharing this 70 minute video again from June. In this video Shane talks about Initial startup is 400 tons a day. In August the tons per day will increase to 650 tons per day. Then in November or December the tins per day increases to 800 yons per day. There is so much more information packed into this 70 minute video. Really good video for investors to understand how the CEO is running this operation. https://youtu.be/SJ-98frIdVE?feature=shared
0 · Reply
StreetwiseReports
StreetwiseReports Jul. 11 at 7:55 PM
Gold Developer Hits Big With Rowan Project https://ow.ly/tHHo50Wozb6 West Red Lake Gold Mines Ltd. reports high-grade gold potential with CA$239M NPV and 42% IRR in Ontario. Read more about the robust PEA and what's driving investor interest. $WRLG.V $WRLGF
0 · Reply
Latest News on WRLGF
No data available.
BigShmoneyHoney
BigShmoneyHoney Jul. 31 at 10:33 PM
$WRLGF Two years after Shane Williams took the helm, West Red Lake Gold has gone from development story to high-grade gold producer—successfully restarting the Madsen Mine on schedule and now ramping up toward 67,000 oz/year by 2026. But the vision is bigger: Williams aims to grow WRLG into a 150,000 oz/year mid-tier producer—mirroring the path of Wesdome, where several key team members came from. Current ramp-up: 600–900 tpd throughput Mill capacity: Up to 1,200 tpd tested Grades: Rising toward 7–9 g/t as higher zones accessed Growth Strategy: Feed Madsen with satellite deposits like Rowan With strong gold prices, experienced leadership, and scalable infrastructure, West Red Lake is well-positioned to deliver outsized value. https://www.reddit.com/r/SmallCap_MiningStocks/comments/1mdhev1/west_red_lake_gold_a_young_producer_with_big/
0 · Reply
TexasMarvL
TexasMarvL Jul. 26 at 12:07 PM
$WRLGF Going back to December 2022, I see a triple top resistance at the $0.73 to $0.75 range. Once we get past $0.75 WRLGF looks ready fly. The Madsen mine restart benefits from having a smart plan and a great gold price.
1 · Reply
TexasMarvL
TexasMarvL Jul. 24 at 3:45 AM
$WRLGF This was an existing Royalty owned by Sprott. Summit Royalty Corp purchased from Sprott. https://markets.ft.com/data/announce/detail?dockey=600-202507220725CANADANWCANADAPR_C3765-1
0 · Reply
Samuel_DaMan
Samuel_DaMan Jul. 23 at 6:48 PM
$WRLGF I wonder what would’ve happened had gold stayed in the low $2KS? Not sure why they need more money and they keep diluting nonstop. These guys don’t give two sh!ts about investors. They are using us to fund their pockets and those they choose to benefit. Glad I sold a while back with a little profit. Not complaining. But I had a big junk invested here and deserved more. They are ruining investors. Good luck those still in it.
0 · Reply
TexasMarvL
TexasMarvL Jul. 23 at 3:12 PM
$WRLGF I have mixed thoughts on the announcement from this morning to sell 1% Royalty First, this means WRLGF is still raising money for working capital. No new shares, so that is good. On the other hand a Royalty company is paying almost $10 million up front and additional payments in the future based on production levels. In other words, this Royalty company seems to expect production to exceed 60,000 ounces per year for at least 5 years just to break even. If my math is correct. My math at a $3300 gold price, the 1 percent Royalty on 60000 ounces is slightly less than $2 million per year. This Royalty company is bullish on Madsen production for at least 5 or 6 years of mine life. I guess an investor can spin this news release as a positive and/or as a negative. Long term, if the Royalty company makes money for their investors then this was a good deal for everyone because that means WRLGF was also successful in their production plans.
0 · Reply
NetworkNewsWire
NetworkNewsWire Jul. 23 at 1:09 PM
Surging Gold Prices Fuel Junior Miner’s Push to Production $LFLR.CN $LFLRF $AMX.V $AMXEF $TLG.TO $CHXMF $WRLG.V $WRLGF $AOT.TO $AOTVF https://ibn.fm/40dpn
0 · Reply
BigShmoneyHoney
BigShmoneyHoney Jul. 18 at 9:22 PM
$WRLGF WRLG CEO Sees Gold Hitting $4,000—Outlines West Red Lakes Plans to Ride the Wave. West Red Lake Gold Mines (TSXV: WRLG | OTCQB: WRLGF) CEO Shane Williams shares his bullish gold outlook and company vision in a new interview with Investing News Network. “We’re beginning to see money turning back into gold... as institutional capital flows in, I believe that’s the next leg up.” – Shane Williams Key topics covered: Gold Outlook: US$4,000/oz forecast in 6–8 months Production Ramp-Up: Fully permitted Madsen Mine progressing Growth Strategy: New Rowan PEA outlines 35koz/year with strong IRR Mid-Tier Ambitions: Focus on consolidation and scaling Talent & Capital: Building investor interest and attracting top mining talent WRLG is emerging as one of Canada’s few juniors transitioning to production while growing high-grade ounces—positioned for upside in a rising gold market. 🎥 Full interview Summary: https://www.reddit.com/r/SmallCapStocks/comments/1m1ov9z/gold_to_4000_west_red_lake_ceo_shane_williams/
0 · Reply
StreetwiseReports
StreetwiseReports Jul. 14 at 7:15 PM
Miner Releases Positive PEA for Second Project https://ow.ly/S5N850Wpurx West Red Lake Gold Mines Ltd.'s Rowan demonstrates a CA$125 million after-tax NPV5% and a 41.9% IRR, in a base case scenario, noted a Red Cloud Securities report. $WRLG.V $WRLGF
0 · Reply
TexasMarvL
TexasMarvL Jul. 13 at 3:58 AM
$WRLGF Sharing this 70 minute video again from June. In this video Shane talks about Initial startup is 400 tons a day. In August the tons per day will increase to 650 tons per day. Then in November or December the tins per day increases to 800 yons per day. There is so much more information packed into this 70 minute video. Really good video for investors to understand how the CEO is running this operation. https://youtu.be/SJ-98frIdVE?feature=shared
0 · Reply
StreetwiseReports
StreetwiseReports Jul. 11 at 7:55 PM
Gold Developer Hits Big With Rowan Project https://ow.ly/tHHo50Wozb6 West Red Lake Gold Mines Ltd. reports high-grade gold potential with CA$239M NPV and 42% IRR in Ontario. Read more about the robust PEA and what's driving investor interest. $WRLG.V $WRLGF
0 · Reply
stockhawk12
stockhawk12 Jul. 9 at 10:47 PM
Yesterday, West Red Lake Gold (WRLG.v $WRLGF ) shared a positive PEA for its 100%-owned Rowan Gold Project outlining 35,230 oz/year of avg. gold production potential over 5 years. Meanwhile, WRLG is already advancing gold production at its nearby Madsen Gold Mine. In-Depth news breakdown and DD here⬇️ https://www.reddit.com/r/Wealthsimple_Penny/comments/1lv3mzd/west_red_lake_gold_wrlgv_wrlgf_announces_positive/
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stockhawk12
stockhawk12 Jul. 4 at 10:53 PM
West Red Lake Gold (WRLG.v $WRLGF ) is ramping up production at its Madsen gold mine. Since May, they’ve maintained ~650 tonnes/day output w/ 95% recovery. In June, ore grades improved. Over H1 they drilled 38,393m and sold 5,250 oz at ~US$3,330/oz, with plans to expand underground equipment. More⬇️ https://www.reddit.com/r/Wealthsimple_Penny/comments/1lkkoew/todays_update_breakdown_west_red_lake_gold_wrlgv/
1 · Reply
StreetwiseReports
StreetwiseReports Jul. 1 at 6:38 PM
Gold Co. to Keep Ramping Up Mine Operations Through H2/25 https://ow.ly/yOJc50Wji8C West Red Lake Gold Mines Ltd. is well-positioned to "take advantage of the robust gold price environment," noted a Red Cloud Securities report. $WRLG.V $WRLGF
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LarryLink
LarryLink Jul. 1 at 12:23 AM
$WRLGF We survived the mine shutdown. Once they get their first quarter of production in, and it fits within estimates, we should attack $1.00. Stay tuned. Takes time for the skeptics to believe in a former bankrupt company.
1 · Reply
StreetwiseReports
StreetwiseReports Jun. 25 at 6:17 PM
Gold Miner Ramps Up in Ontario With Big Upside https://ow.ly/jKsr50WgjsQ West Red Lake Gold Mines Ltd. boosts production at Madsen Mine as gold prices hit records and analysts raise targets. Read more about the company's expansion plans and why experts see room for major returns. $WRLG.V $WRLGF
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Brooklyn001
Brooklyn001 Jun. 25 at 4:35 PM
$SMOFF Sonoro Gold $WRLGF West Red Lake Gold I agree that the smaller miners are finally being "discovered" by gold investors and traders. They have been under followed and under invested for years even with gold and silver prices surging. The major mining companies are monitoring the exploration progress of these companies to swoop in to acquire after assay and drill hole results are released.
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NetworkNewsWire
NetworkNewsWire Jun. 25 at 1:02 PM
Near-Term Production Assets Gain Traction amid Historic Gold Price Surge $LFLR.CN $LFLRF $3WK0.F $AMX.V $AMXEF $TLG.TO $CHXMF $WRLG.V $WRLGF $AOT.TO $AOTVF https://ibn.fm/YBNNI
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Coinflip82
Coinflip82 Jun. 25 at 12:07 PM
$WRLGF
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BigShmoneyHoney
BigShmoneyHoney Jun. 23 at 10:42 PM
$WRLGF has delivered a key operational milestone at its Madsen Mine, 95% gold recovery from bulk sampling and confirming strong alignment between actual and expected grade and tonnage. The company is now well-positioned for long-term growth, with a base case NPV of US$496M and an average annual free cash flow forecast of US$94M. Highlights: • 95% gold recovery from 14,490 tonnes at 5.72 g/t gold, producing 2,498 ounces. • Mine design refined for larger, cost-efficient stopes using long hole stoping. • Madsen Mill permitted at 800 tpd, AISC estimated at US$1,681/oz. • Strong institutional backing: Cantor Fitzgerald and Red Cloud maintain Buy ratings, with price targets implying 198%–219% upside. Growth Strategy: Advancing exploration at Madsen, Fork, and Rowan, while leveraging existing infrastructure for cost-effective expansion. The company plans to reduce continuity risk with tighter drilling, targeting high-grade zones and future hub-and-spoke development potential. https://www.reddit.com/r/BreakoutStocks/comments/1lfncco/west_red_lake_gold_advances_toward_production/
2 · Reply
stockhawk12
stockhawk12 Jun. 17 at 10:24 PM
West Red Lake Gold Mines (WRLG.v $WRLGF ) recently updated its Madsen Gold Mine plan using bulk sample data. The update supports larger, more efficient long hole mining, improves modelling accuracy, boosts mining efficiency, and increases tonnage/ounces by over 200% in two key zones. Full DD here⬇️ https://www.reddit.com/r/SmallCapStocks/comments/1l8dj80/west_red_lake_gold_mines_ltd_wrlgv_wrlgf_advances/
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TexasMarvL
TexasMarvL Jun. 17 at 2:38 PM
$WRLGF I received an email this morning about a fatality at the Madsen mine yesterday. Temporary shut down while the investigation into the death and causes are being determined.
1 · Reply