West Red Lake Gold Mines Ltd (WRLG)

Posted on Behalf of West Red Lake Gold Mines Ltd. - As highlighted by Guy Bennett, West Red Lake Gold (WRLG.v WRLGF) reported positive infill drill results from the Fork Deposit, located just 250m from its producing Madsen Mine in Ontario: https://www.theglobeandmail.com/investing/markets/markets-news/TheNewswire.com/841188/video-enhanced-west-red-lake-gold-targets-fork-satellite-deposit-for-near-term-production/

With drilling confirming strong gold grades and continuity across the zone, supporting confidence ahead of a potential construction decision, Fork is part of WRLG’s broader plan to unlock multiple nearby satellite deposits and scale toward a 100,000 oz/year production profile by 2028, with a combined PFS for Madsen and Rowan expected in Q3 2026.

Posted on Behalf of West Red Lake Gold Mines Ltd. - Today, West Red Lake Gold (WRLG.v WRLGF) reported multiple high-grade gold intercepts from underground drilling at its 100%-owned Madsen Mine in Ontario’s Red Lake district, highlighting strong results from the Austin 904 Complex and South Austin zones at approximately 650 m depth: https://westredlakegold.com/west-red-lake-gold-reports-219-73-g-t-au-over-4-8m-148-36-g-t-au-over-3m-and-133-13-g-t-au-over-2-5m-in-austin-904-complex-madsen-mine/

Austin 904 Complex returned exceptional grades, including 4.75 m @ 219.73 g/t Au (incl. 1 m @ 1,016.57 g/t Au) and 3 m @ 148.36 g/t Au (incl. 2 m @ 222.26 g/t Au), with management now viewing the 904 Complex as analogous to the 4447 area in South Austin, where high-grade lenses discovered in 2025 now form a meaningful part of the 2026 mine plan.

Posted on Behalf of West Red Lake Gold Mines Ltd. - As highlighted by Streetwise Reports, West Red Lake Gold (WRLG.v) reported stronger operating momentum at the recently restarted Madsen mine, with October ore production rising 24% quarter over quarter as underground waste storage freed up haulage capacity: https://www.streetwisereports.com/article/2025/12/08/ore-production-up-in-october-at-mine-in-red-lake-gold-district.html

Key near-term catalysts expected in Q1 2026 include the declaration of commercial production at Madsen and release of 2026 production guidance, followed later in the year by a combined PFS for Madsen and Rowan targeting ~100,000 oz/year of gold production.

West Red Lake Gold (WRLG.v WRLGF) hit high-grade gold intercepts at its producing Madsen Gold Mine’s Lower Main Austin Zone, including 139.45 g/t Au over 7.8m and 74.70 g/t Au over 8.7m, confirming new lens potential at depth as drilling expands resources for near-term growth. Full details⬇️
https://westredlakegold.com/west-red-lake-gold-hits-new-high-grade-gold-lens-in-lower-main-austin-with-139-45-g-t-au-over-7-8m-74-70-g-t-au-over-8-7m-and-18-31-g-t-au-over-7-5m/

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

Today, West Red Lake Gold (WRLG.v) announced the closing of its bought deal public offering, raising a total of C$40.65M with net proceeds from the common shares to support the ramp-up to commercial production at the Madsen Gold Mine, and the charity flow-through proceeds to be used for exploration at the Rowan Project: https://westredlakegold.com/west-red-lake-gold-announces-close-of-upsized-41-million-bought-deal-public-offering/

Notably, this additional funding will accelerate key capital projects at Madsen to increase output and leverage strong gold prices, while Rowan drilling provides a path toward producing over 100,000 oz annually in Red Lake, stating.

More Info: https://www.reddit.com/r/CNDpennystockbets/comments/1nix6cg/west_red_lake_gold_wrlgv_wrlgf_upsizes_boughtdeal/

West Red Lake Gold (WRLG.v WRLGF) upsized its bought-deal financing to C$36M today on strong investor demand. The cash provides additional contingency support during Madsen’s ramp-up and is expected to support and/or expedite WRLG's mine development projects, debt repayment, and M&A plans. With Madsen and its first "spoke" alone (the Rowan Project), WRLG expects to produce 100,000 oz/year by 2028.
https://westredlakegold.com/west-red-lake-gold-announces-upsize-to-previously-announced-bought-deal-public-offering-to-36-million/

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

Joining Crux Investor, West Red Lake Gold's (WRLG.v WRLGF) Gwen Preston detailed the company's strategy of becoming a new high-grade gold producer during a bull market with the Madsen Mine:

Positioned as a rare new high-grade producer in a gold bull market, WRLG is advancing its Madsen mine toward commercial production with strong re-rating potential, exploration upside, and expansion opportunities to deliver growth and value for investors.

More Info: https://www.reddit.com/r/Penny_Stocks_Canada/comments/1n4ingt/west_red_lake_gold_operations_exploration_update/

Joining Goldfinger Capital, West Red Lake Gold's (WRLG.v WRLGF) VP of Corporate Communications Gwen Preston provided an update on ramp-up activities at the Madsen Mine in Red Lake, Ontario:

Enabling Madsen to pour 3,800 ounces for the month of July, WRLG's mill achieved an average of 94% recovery in July, while processing 500-800 tonnes per day and gold grades well above expectations were carried from from sill access development on several occasions. Of the 3,800, over 3,500 ounces were sold at an average price of US$3,320 per ounce, generating US$12 million ($C16.4M) in revenues.

Latest Results: https://www.reddit.com/r/InvestingCanada/comments/1mrf76v/west_red_lake_gold_wrlgv_wrlgf_expands_highgrade/

"The high-grade panel of gold mineralization the team is currently defining & expanding in South Austin has been delivering exceptional grades & thicknesses”.

West Red Lake Gold (WRLG.v WRLGF) recently shared more strong drill results from the South Austin Zone at its producing Madsen Mine, incl. 36.85 g/t Au over 6.9m & 92.39 g/t Au over 2m. Full results breakdown here⬇️
https://www.reddit.com/r/InvestingCanada/comments/1mrf76v/west_red_lake_gold_wrlgv_wrlgf_expands_highgrade/

West Red Lake Gold (WRLG.v WRLGF) recently shared more high-grade gold hits at Madsen’s South Austin Zone, including 36.85 g/t Au over 6.9m & 92.39 g/t Au over 2m. Drilling expands high-grade panels, adding confidence to the mine plan. Full PR⬇️
https://westredlakegold.com/west-red-lake-gold-expands-high-grade-zone-in-south-austin-with-36-85-g-t-au-over-6-9m-92-39-g-t-au-over-2m-and-8-79-g-t-au-over-15-5m/

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

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/

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/

West Red Lake Gold (WRLG.v WRLGF) applies learnings from Madsen's bulk sample to optimize mine planning w/ larger stopes, improved efficiency & lower costs. Definition drilling & a higher long-term consensus gold price (US$2,350/oz) increase economic ounces & suggest a longer mine life. More⬇️
https://www.reddit.com/r/Canadapennystocks/comments/1l2qne3/west_red_lake_gold_wrlgv_wrlgf_highlights_bulk/

TODAY: West Red Lake Gold (WRLG.v WRLGF) reports that insights from its test mining and bulk sample at its 100%-owned & operational Madsen Gold Mine are leading to a mine plan with larger stopes, improved efficiency, and lower costs. The program confirmed modelling accuracy and optimized mining scenarios.
https://westredlakegold.com/west-red-lake-gold-highlights-bulk-sample-learnings/

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

West Red Lake Gold (WRLG.v WRLGF) has restarted underground mining at Madsen ahead of schedule and recently reported high-grade drill results from the project's South Austin Zone, including 61.51 g/t Au over 12.1m. Drilling continues to define zones near development to support the ramp-up.
https://westredlakegold.com/west-red-lake-gold-intersects-61-51-g-t-au-over-12-1m-43-54-g-t-au-over-8-35m-and-24-61-g-t-au-over-11-2m-at-south-austin-madsen-mine/

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

$WRLG.v

West Red Lake Gold (WRLG.v WRLGF) has restarted its high-grade Madsen Gold Mine in Ontario, targeting 67,600 oz/year & US$94M in free cash flow. Backed by strong funding & bulk sample results, WRLG aims to ramp up throughput & drive long-term growth w/ continued exploration. Full breakdown here⬇️
https://www.reddit.com/r/PennyCatalysts/comments/1kxuox4/west_red_lake_gold_wrlgv_wrlgf_restarts_highgrade/

As highlighted today in Streetwise Reports, West Red Lake Gold (WRLG.v WRLGF) has restarted its high-grade Madsen Gold Mine in Ontario, targeting 67,600 oz/year and US$94M in annual free cash flow. Backed by strong bulk sample results, ongoing exploration and solid funding, the mine is positioned for growth amid near ATH gold prices.
https://www.streetwisereports.com/article/2025/05/28/gold-miner-restarts-high-grade-ontario-mine.html

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

Today, West Red Lake Gold (WRLG.v WRLGF) released a new set of high-grade underground drill results from the South Austin Zone at its 100%-owned Madsen Mine in Ontario’s prolific Red Lake Gold District with highlights including 48.97 g/t Au over 18.7m, 52.86 g/t Au over 4.5m and 25.49 g/t Au over 7.5m: https://westredlakegold.com/west-red-lake-gold-intersects-48-97-g-t-au-over-18-7m-52-86-g-t-au-over-4-5m-and-25-49-g-t-au-over-7-5m-at-south-austin-madsen-mine/

With strong gold prices, excellent reconciliation results from bulk sampling, and continued success from underground definition drilling, WRLG is steadily de-risking and advancing toward near-term production at one of Canada’s most storied gold districts.

Additional Info Here: https://www.reddit.com/r/SmallCapStocks/comments/1kdel6g/west_red_lake_gold_wrlgv_wrlgf_approaches_2025/

Marking a rapid two-year turnaround from acquisition to near-term production, West Red Lake Gold (WRLG.v WRLGF) is on track to restart the Madsen Mine in Ontario by the second half of 2025 and highlighted a series of key milestones across drilling, development, mine construction, and infrastructure—executed largely on or ahead of schedule: https://westredlakegold.com/west-red-lake-gold-reflects-on-madsen-mine-achievements-to-date-2/

Notably, having completed more than double its original target of underground drilling, highlighted by high-grade intercepts at South and North Austin, WRLG's Pre-Feasibility Study released in January 2025 confirmed strong project economics, projecting nearly $70 million in average annual free cash flow over six years from the Madsen Mine.

More info on WRLG's latest high-grade gold results: https://www.reddit.com/r/smallstreetbets/comments/1jrpbyb/west_red_lake_gold_wrlgv_wrlgf_reports_highgrade/

West Red Lake Gold (WRLG.v WRLGF) has restarted its Madsen Mill after 28 months and is preparing to process a bulk gold sample. Underground development is accelerating, a new 114-person camp is now open, and the project is nearing gold production in Ontario’s prolific Red Lake district. Full news here: https://westredlakegold.com/west-red-lake-gold-provides-update-on-madsen-mine-restart/

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

Joining Kerry Lutz's Financial Survival Network, West Red Lake Gold's (WRLG.v WRLGF) Gwen Preston highlighted the company's latest milestone, officially restarting the Madsen Mine Mill:

Entering a critical growth phase with the wind at its back: record gold prices, secured funding, and a fully operational mill, WRLG is well-positioned for significant revaluation with first gold imminent and production scaling up in 2025.

West Red Lake Gold (WRLG.v WRLGF) is nearing gold production restart at its high-grade Madsen mine in Ontario. A bulk sample is underway to validate its mine plan and WRLG aims for 800 tpd by late 2025, positioning it for a potential substantial re-rating.

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

Joining The Ellis Martin Report, West Red Lake Gold's (WRLG.v WRLGF) VP of Communications, Gwen Preston, detailed the company's focus on developing the Madson Mine in Ontario’s Red Lake Gold District:

After acquiring the mine in early 2023 and addressing past deficiencies, WRLG is set to restart production in 2024, backed by a $20M financing round. With the mill set to begin operating in the coming weeks and recent drill results hitting an astonishing 1,600 g/t gold (56.4 oz per ton), WRLG is proving the strength of its asset. As gold prices soar past $4,100 CAD per ounce and major producers hold record cash reserves, WLG’s high-grade potential and strategic position could make it a prime M&A target. With gold production imminent and further drilling unlocking more value, now is the time to take notice.

As one of only four new gold mines coming online in 2025, West Red Lake Gold (WRLG.v WRLGF) provides a unique opportunity in restarting production at the Madsen Gold Mine where the company recently released its PFS, using a US$1,680/oz reserve cut-off price - a highly conservative estimate given current gold prices near $2,900/oz: TODAY: @WestRedLakeGold's Potential Reserve Count + Madsen Pre-Feasibility Study & Mine Restart Plan$WRLG.v $WRLGF

⭐️Pre-Feasibility Study & Gold Price Sensitivity⭐️

Using US$1,680/oz reserve cut-off price, a conservative estimate given current gold prices of US$2,900/oz,… https://t.co/wUseVyXnIh pic.twitter.com/H7Dv9gJzae— Stock Master Flash (@StckMasterFlash) February 27, 2025

Notably, if the reserve cut-off price were raised to US$2,400/oz, the resource tonnes included in reserves could increase by 77%. The study also highlights WRLG’s NPV at $496M using a US$2,640/oz gold price (nearly double its $214M market cap), which suggests a potential market re-rating as the mine advances. As WRLG continues accelerating key milestones, including a bulk sample program, mill restart after 28 months of shutdown, 80% completed connection drift, and 23% monthly progress increase in underground development since August 2024, the company is on track to become a high-grade, Tier 1 gold producer in a strengthening gold market.

Advancing toward gold production at its Madsen Mine, West Red Lake Gold (WRLG.v WRLGF) recently filed an independent Pre-Feasibility Study (PFS) with a conservative US$1,680/oz reserve cut-off price, despite current gold prices near US$2,900/oz: https://www.thenewswire.com/press-releases/1AMqFaQ0r-this-chart-buried-in-a-technical-report-reveals-west-red-lake-gold-s-potential-reserve-count-in-the-current-gold-environment.html

A sensitivity analysis suggests a potential 77% increase in resource tonnes at a higher gold price, with an estimated NPV of $496M at US$2,640/oz. Mine restart activities are progressing rapidly, with the mill set to resume operations imminently, a bulk sample program underway, and underground development accelerating. WRLG recently closed a C$20M public offering and reported new high-grade drill results from the South Austin Zone. As one of only four new gold producers in 2025, operating in a Tier 1 mining jurisdiction, WRLG is well-positioned for a potential market re-rating as it transitions from developer to producer: https://www.reddit.com/r/PennyStocksCanada/comments/1itl907/west_red_lake_gold_wrlgv_wrlgf_upsizes_20m_bought/

Joining Emerging Growth Conference, West Red Lake Gold's (WRLG.v WRLGF) Gwen Preston detailed the company's plans to transition from a developer to a gold producer at its Madsen Gold Mine in Ontario's Red Lake District in the second half of 2025: :  

Boasting strong economics, the Madsen Mine has a high-grade gold resource (8 g/t), projected 70,000 ounces per year production, and CAD $315 million Net Present Value (NPV) at $2,200 gold prices. As one of the few new gold mines coming online in 2025, WRLG offers investors strong leverage to higher gold prices and expects to generate CAD $70 million in free cash flow annually. 

Announcing major developments unfolding across bulk sampling, underground expansion, and mill restart operations yesterday, West Red Lake Gold (WRLG.v WRLGF) is rapidly advancing toward full-scale production at the Madsen Mine: TODAY: @WestRedLakeGold Provides Madsen Mine Site Update - Bulk Sample Underway, Connection Drift 80% Complete, Underground Development and Facility Installs Progressing $WRLG.v $WRLGF #Gold

⭐️Key Developments⭐️
✅Test mining and bulk sampling: Significant progress with… https://t.co/pVIb7zwrGb pic.twitter.com/4TlUdgeQA6— Stock Master Flash (@StckMasterFlash) February 13, 2025

With the bulk sample program already stockpiling thousands of tonnes and test mining progressing, WRLG is actively de-risking its transition to commercial production.

The mill, which has been idle for 28 months, is set to restart this month, marking a key milestone in bringing high-grade gold to market amid record prices exceeding $2,800 per ounce.

Underground development is accelerating at an impressive pace while critical infrastructure, including the long-awaited Connection Drift, is 80% complete. With camp and mine facilities near finalization, WRLG is strategically positioning itself to capitalize on a thriving gold market. Don’t miss this update on a company poised for a major revaluation as it moves closer to sustained gold production.

Gearing up to restart high-grade gold production at the historic Madson Mine in Ontario’s prolific Red Lake Gold District, West Red Lake Gold (WRLG.v WRLGF) is aiming for first gold production in March 2025. With gold prices near record highs and mining stocks still undervalued, WRLG is on track for a potential re-rating as the company executes on its restart plan. Hear Gwen Preston, industry expert and WRLG’s VP of Communications, break down why this project could be one of Canada’s most exciting gold stories in 2025: INTERVIEW SUMMARY: High-Grade #Gold Production This Year - @WestRedLakeGold Gwen Preston on Ellis Martin: https://t.co/Shx0rgwXm3$WRLG.v $WRLGF

⭐️Company Overview⭐️
➡️Publicly traded gold company focused on developing the Madson Mine in the Red Lake Gold District, Ontario.… https://t.co/G3zgcO4ae5 pic.twitter.com/OYexQX2itb— Stock Master Flash (@StckMasterFlash) February 12, 2025

West Red Lake Gold (WRLG.v WRLGF) is set to restart gold production at Madsen in March, ramping up fully by June 2025. Its PFS outlines 70,000 oz/year over seven years, with potential upside from gold prices and new high-grade zones. A recent sampling program identified six new targets for 2025 drilling. Full news: https://westredlakegold.com/west-red-lake-gold-highlights-new-targets-from-regional-surface-sampling-at-madsen/

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

New interview from West Red Lake Gold's (WRLG.v WRLGF) Gwen Preston on Ellis Martin, detailing the company's planned high-grade gold production this year:

Focused on restarting the high-grade Madson Mine in Ontario’s Red Lake Gold District, which historically produced 2 million ounces of gold, WRLG plans to resume production in 2025, beginning with a bulk sample in March and ramping up to full production in the second half of the year.

With gold prices near $3,000/oz, the timing aligns well for a strong market reception with significant upside potential in transitioning from a developer to a producer, as mining equities remain undervalued despite rising gold prices.

With a fully permitted and funded operation, a strong turnaround plan, and a focus on efficiency, West Red Lake Gold (WRLG.v WRLGF)is positioned to successfully restart one of Red Lake’s historic high-grade gold mines, as detailed during VRIC 2025: PRESENTATION SUMMARY: Restarting Production at the Madson Mine - @WestRedLakeGold $WRLG.v $WRLGF

During VRIC 2025, $WRLG's @miningmavengwen detailed the company's production restart plan at the Madsen #Gold Mine in Ontario's Red Lake District: https://t.co/DX2k6TDrJ8

⭐️Key… https://t.co/tXZw358rbV pic.twitter.com/0MUrry8sUT— Stock Master Flash (@StckMasterFlash) February 7, 2025

On track for a range of catalysts this year, WRLG poses a compelling investment opportunity with 1.65M ounces of gold at 7.4g/t indicated and 0.37M ounces of gold at 6.3g/t inferred.

During VRIC 2025, West Red Lake Gold's (WRLG.v WRLGF) Gwen Preston detailed the company's production restart plan at the Madsen Gold Mine in Ontario's Red Lake District, highlighting a range of catalysts for the year:

With a fully permitted and funded operation, a strong turnaround plan, and a focus on efficiency, WRLG is positioned to successfully restart one of Red Lake’s historic high-grade gold mines, creating a compelling investment opportunity.

Amid restarting production from the Madsen Mine, West Red Lake Gold (WRLG.v WRLGF) is continuing to add high-confidence ounces to its mine restart plan, recently announcing strong drill results from its definition drilling in the McVeigh Zone, as detailed by Gwen Preston: Key Updates from @WestRedLakeGold's Madsen Mine$WRLG.v $WRLGF

As detailed by Gwen Preston, $WRLG provided 2 key updates announcing strong drill results from definition drilling as well as adding high-confidence ounces to its mine restart plan: https://t.co/4GCUJ9A7X5

⭐️Key… https://t.co/Zuw9fDivmh pic.twitter.com/aza8XvUMKV— Stock Master Flash (@StckMasterFlash) February 3, 2025

Significantly, while the project holds a NI 43-101 Indicated Resource of 1.65M oz @ 7.4 g/t Au and inferred resource of 0.37M oz @ 6.3 g/t Au and the PFS outlines a $315 million post-tax NPV, the PFS only considered 4/7 deposits that make up the resource and used a very conservative price cut off, thus, substantial growth potential remains for WRLG: 🟢Another cent bump for $WRLG.v today🟢

🧠A couple IMPORTANT things to keep in mind about $WRLG restarting #gold production especially as price continues to set new ATH🧠

1⃣the PFS only considers 4/7 deposits that make up the Madsen resource (Austin, South Austin, McVeigh, and… https://t.co/LLe9Gt8r7c pic.twitter.com/muAHH9Maqc— Fantastic Mr.Stocks (@Fantastic_MrSTX) February 5, 2025

As detailed by Gwen Preston, West Red Lake Gold (WRLG.v WRLGF) provided two key updates from its Madsen Mine last week, announced strong drill results from its definition drilling in the McVeig Zone and confirming its high-grade potential, as well as adding high-confidence ounces to its mine restart plan:

WRLG's strategic, tightly spaced drilling approach is addressing past challenges, while newly identified exploration targets in the Confederation rock package offer promising opportunities for expansion. With six years of full production already planned and strong potential for resource growth, WRLG is positioning itself for long-term success by balancing near-term mining operations with aggressive exploration to extend Madson’s mine life.

West Red Lake Gold Mines (WRLG.v WRLGF) is advancing its planned 2025 restart of the high-grade Madsen Gold Mine.
https://www.proactiveinvestors.com/companies/news/1064605/west-red-lake-gold-mines-ceo-discusses-madsen-mine-pre-feasibility-study-and-next-steps-at-vric.html

CEO Shane Williams highlighted the project's robust economics, conservative 70k oz/year production estimate, exploration upside & recent drill results like 106.99 g/t gold over 2.35m. Full interview breakdown here ⬇️
https://www.reddit.com/r/PennyStocksCanada/comments/1icf8wh/west_red_lake_gold_mines_wrlgv_wrlgf_advances/

Today, West Red Lake Gold Mines (WRLG) announced positive results from the 2024 regional surface mapping and geochemical sampling program at its 100%-owned Madsen Property in the Red Lake Gold District, Ontario: https://westredlakegold.com/west-red-lake-gold-highlights-new-targets-from-regional-surface-sampling-at-madsen/

The program focused on the Confederation Assemblage, an underexplored rock unit known to host significant gold mineralization, and identified six anomalous areas with a geochemical signature (Au-W-As-Ag-Bi) analogous to Madsen-style mineralization. Having delineated a number of high-caliber geochemical anomalies, these results enhance WRLG’s geological understanding and validate the potential for new gold discoveries at Madsen, with drilling and additional fieldwork planned for 2025.

Article Summary: WRLG.v (WRLGF) is gearing up for gold production restart at its Madsen Mine. Global Stocks News highlights the mine's conservatively projected 70k oz annual output & 255% IRR based on $2.2k gold, w/ potential to grow through ongoing tight-spaced drilling, rising gold prices & more⬇️
https://www.reddit.com/r/Wallstreetbetsnew/comments/1i9af1n/west_red_lake_gold_mines_wrlgv_wrlgf_targets_2025/

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: 📰Strengthened Mine Operations Team - @WestRedLakeGold Appoints Haley Halsall-Whitney as Vice President Operations
$WRLG.v $WRLGF

Boasting over 20 years of experience in Canadian mining, Halsall-Whitney brings a strong track record of operational excellence, with career… https://t.co/Qh5ukdVyq6 pic.twitter.com/rP47w1A565— Stock Master Flash (@StckMasterFlash) January 15, 2025

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.