CommodityCoverage
4日前
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/
CommodityCoverage
7日前
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.
StockInfo11
1週前
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.
CommodityCoverage
1週前
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.
CommodityCoverage
2週前
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.
CommodityCoverage
2週前
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.
StockInfo11
2月前
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.
StockInfo11
2月前
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.
CommodityCoverage
2月前
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/
CommodityCoverage
2月前
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/
StockInfo11
2月前
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.
CommodityCoverage
2月前
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.
StockInfo11
3月前
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.
StockInfo11
3月前
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/
StockInfo11
3月前
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/
StockInfo11
3月前
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.
CommodityCoverage
3月前
"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
CommodityCoverage
3月前
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
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