West Red Lake Gold Mines is a Toronto-based minerals exploration company focused on gold exploration and development in the prolific Red Lake Gold District of Northwest Ontario, Canada. The Red Lake Gold District is host to some of the richest gold deposits in the world and has produced 30 million ounces of gold from high grade zones.
West Red Lake Gold Mines Ltd. is a billboard sponsor of Streetwise Reports and paid a fee for this company profile page.
Please refer to the important disclosures below for additional details.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQX; UJO:FSE) recently declared commercial production at its fully owned Madsen Gold Mine in the Red Lake Mining District of Ontario. Find out how several analysts rate the stock.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQX; UJO:FSE) pours 20,000 ounces of gold and generates US$73 million from gold sales during the 2025 ramp-up of its Madsen mine in Ontario, noted a Red Cloud Securities report. Find out what the upcoming catalysts are for this Buy-rated company.
West Red Lake Gold Mines Ltd.'s (WRLG:TSX.V; WRLGF:OTCQX; UJO:FSE) new target implies about 140% upside, noted a Cantor Fitzgerald report. Read on to learn what prompted the change.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQX; UJO:FSE) does this by achieving commercial production at its Madsen mine located in a historical Ontario gold mining district, noted a Cantor Fitzgerald report. Find out how much gold this Buy-rated company produced and sold during the 2025 ramp-up.
Newsletter writer Stewart Thomson addresses the question: Is 2026 the year junior miners reach for much higher prices? Thomson also shares three stocks he believes are worth looking into.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQX; UJO:FSE) declared commercial production at its 100% owned Madsen Gold Mine effective January 1, 2026, following a December ramp‑up to 689 tonnes per day. Read how the company reported US$30 million in Q4 gold sales revenue and US$73 million for full‑year 2025.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQX; UJO:FSE) confirmed it achieved commercial production at its 100% owned Madsen Gold Mine effective January 1, 2026, following a month that averaged 689 tonnes per day of mill throughput. The company reported US$30 million in Q4 2025 gold sales and US$73 million in full-year revenue.
Gold miners remain undervalued to the metal itself, which is soaring in 2025. But according to experts, with margins higher than ever, many junior explorers could be set to benefit.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) could bring Fork onstream as early as next year and thereby extend the mine life of its nearby, producing flagship Madsen project, noted a Velocity Trade Capital report.
West Red Lake Gold Mines Ltd.'s (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) output accelerated in mid-September when it began storing mined waste underground, noted a Raymond James report.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) has launched a 3,000 meter drill program at the Fork Deposit, adjacent to its Madsen Mine in Ontario's Red Lake District. The company aims to upgrade a shallow zone with historical intercepts as high as 50.48 g/t gold.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) is focused on gold production and exploration, specifically at its Madsen Gold Mine and other assets in Ontario's Red Lake Gold District, which is historically known for high-grade gold production.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) reported multiple high-grade intercepts from underground drilling at the Madsen Mine in Ontario's Red Lake district. The latest results extend mineralization in the Lower Austin Zone and support ongoing development plans.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) has launched a 5,000-meter infill and conversion drill program at its Rowan Project in Ontario's Red Lake District. The initiative follows a July PEA and supports a planned joint pre-feasibility study with the company's Madsen Mine.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) resumes production at its Madsen Gold Mine in Red Lake, Ontario, according to an updated research note by Craig Stanley of Raymond James. Read the story to see how he rates the stock.
Raymond James Analyst Craig Stanley looks at an update by West Red Lake Gold Mines on the ramp-up operations at its Madsen Gold Mine in Ontario. Find out how he rates the stock.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) has bolstered its foothold in Ontario's Red Lake Gold District, the Madsen Mine, with a turnaround strategy based on infrastructure updates, focused drilling, and preparation for production expansion. Find out why analysts are recommending this emerging gold producer's stock.
West Red Lake Gold Mines Ltd.'s (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) latest results from the Austin zone bode well for expanding resource ounces for the current ramp-up to commercial production at Madsen, noted a Cantor Fitzgerald report.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) issues a Q3/25 operations update on its progress ramping up the Madsen Mine in Ontario. Find out how Cantor Fitzgerald Analyst Matthew O'Keefe rates the stock.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) officially resumed production in May at its fully owned Madsen mine in Red Lake, Ontario. Find out how Red Cloud Analyst Taylor Combaluzier ranks the stock.
Analysts from Cantor Fitzgerald and Red Cloud reaffirmed Buy ratings for West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO), citing strong Red Lake results, rising output, and solid cash flow. Read what the analysts' targets are for the company.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) reported new underground drill results from its Madsen Mine in Ontario, including 139.45 g/t gold over 7.75 meters. The discovery comes as gold prices hit record highs and investors pour billions into the sector amid global market uncertainty.
Gold prices surged to record highs in October as West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) advanced ramp-up efforts at its Ontario mine. Read how the company poured 7,055 ounces in Q3 and raised CA$40.65 million to support ongoing development at Madsen and Rowan.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) aims to reach this state by Q1/26 at its flagship Madsen project and intends to use another portion of the financing proceeds to advance its Rowan project to a prefeasibility study, noted a Cantor Fitzgerald report.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) raised CA$41 million to advance production at the Madsen Mine and exploration at Rowan. Read how the financing supports growth amid high gold prices, strong grades, and renewed analyst support.
Gold has surged past US$3,500 as central banks move away from treasuries, signaling an accelerating monetary reset, according to one expert. Read why she thinks in this situation, "gold is essential."
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) recently shared progress in mill operations, definition drilling, and mine development since the official restart in May, according to a Cantor Fitzgerald research note.
John Newell of John Newell & Associates reviews what he believes is the opportunity of a lifetime, and shares two stocks he thinks should be on your radar.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) just filed a PEA showing 35,000 oz/year production with a 42% IRR and US$125M NPV at its Rowan project in Red Lake, Ontario. Read more about one of the year's most compelling gold development stories.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) reported high-grade gold intercepts up to 183.79 g/t at its Madsen Mine in Ontario, supporting its restart strategy. Read more to see how these results could shape the next phase of development.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) generated CA$16.4M in July sales from its Madsen Mine in Ontario, producing 3,800 oz at 8.9 g/t as ramp-up momentum builds. Read how ongoing upgrades, including shaft renovations and backfill programs, are aimed at boosting capacity and improving efficiency across the operation.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) continues making progress ramping up its 100%-owned Madsen mine in Ontario's prolific Red Lake Gold District, noted a Red Cloud Securities report.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) boosts momentum at its Ontario projects with high-grade results, US$12M in sales, and robust PEA economics at Rowan. Read more to find out how the company is advancing production at Madsen, unlocking long-term value at Rowan, and positioning itself as a rising force in Canada's premier gold district.
West Red Lake Gold Mines Ltd.'s (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) 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.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) 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.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) is well-positioned to "take advantage of the robust gold price environment," noted a Red Cloud Securities report.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) 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.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) hit 95% gold recovery at its Ontario mine, with test mining and a US$496M NPV positioning it for strong long-term growth. Read more about its transition to production, analyst support, and what's next at Madsen.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) offered new insights from test mining, prompting the company to redesign its Ontario mine plan with bigger mining shapes, lower costs, and long-term growth in focus. Read more about how the bulk sample results are reshaping its strategy.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) just hit 725 g/t gold at its Red Lake project in Ontario, with new drill results fueling major upside momentum. Read more inside on this announcement.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) is beginning the Madsen operation at 500 tons per day then ramping it up to 800 in Q2/25, noted a Cantor Fitzgerald report.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) plans to mine and process 500 tons per day on average for the first two months then ramp up operations in H2/25, noted a Red Cloud Securities report.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) has officially restarted its Madsen Mine in Ontario, aiming for 67,600 oz annual output and US$94M free cash flow at peak production. Read more to find out how West Red Lake Gold plans to ramp up production, unlock high-grade reserves, and capitalize on gold's safe-haven momentum.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) uncovered high-grade zones in Ontario, selling bulk sample gold for US$7.7M and unlocking a projected US$496M NPV. Find out how this supports its 2025 restart plans.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) drills into ultra-high-grade gold at Ontario's Red Lake, with hits up to 428.83 g/t Au just in time for a planned 2025 restart. Read more inside.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) sold 2,350 ounces from its Ontario bulk sample for US$7.7 million, validating mine restart plans. Read more to find out how this positions the company for stronger economics.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) moves closer to restarting Madsen now that the bulk sample program is done and returned positive results, noted a Cantor Fitzgerald report.
They suggest West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) "is poised for success" as it restarts its Madsen mine in Q2/25, noted a Red Cloud Securities report.
West Red Lake Gold Mines Ltd.'s (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) Ontario bulk sample exceeds grade expectations, signaling strong production potential and setting the stage for major 2025 gains. Read more about these results.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) is set to release bulk sample results from its Madsen project. It is potentially the biggest validation since acquiring the high-grade Red Lake asset. Read more to see how test mining, visible gold, and production readiness could drive a major revaluation in the heart of Ontario's gold country.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) reports the outcomes of field work done last year at one of its assets in a Canadian historical mining district. Read what experts think of this near-term gold producer.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) reported high-grade gold intercepts from underground drilling at its fully permitted Madsen Mine in Ontario. With new results including 212.13 g/t over 0.5m, read more about what this means for the mid-year restart.
With this, the mining explorer-developer is even closer to getting the entire operation back online, slated for mid-year, noted a Cantor Fitzgerald report.
West Red Lake Gold Mines Ltd.'s (WRLG:TSX.V; WRLGF:OTCQB; FRA:UJO) Madsen Mine is advancing toward full production with a successful mill restart and accelerated underground development. With key milestones achieved, what's next for the company's resurgence?
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB) reports new high-grade drilling results from its 100%-owned Madsen Mine project in the Red Lake Gold District of northwestern Ontario. Read why one expert thinks the mine has excellent expansion potential.
West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQB) is giving an update on activities to restart its 100%-owned Madsen Mine project in the Red Lake Gold District of northwestern Ontario. Read to see why one analyst thinks its gold will "drive a premium valuation."
West Red Lake Gold Mines Inc. (WRLG:TSX.V; WRLGF:OTCQB) announces the completion of a US$35 million credit facility with Nebari Natural Resources Credit Fund II LP. Find out why one analyst writes that the company's exploration plans have "good potential for resource expansion."
West Red Lake Gold Mines Inc. (WRLG:TSX.V; WRLGF:OTCQB) has "re-envisioned" its interpretation of the Fork Deposit at its Madsen Property in the Red Lake Gold District. Read why one analyst says the discovery will be a top priority for the company in 2025.
West Red Lake Gold Mines Inc. (WRLG:TSX.V; WRLGF:OTCQB) has announced further positive drilling results from the Upper 8 Target at its wholly-owned Madsen Property in the Red Lake Gold District, Ontario. Read more for the latest updates, highlights, and discoveries.
Additional exploration success at this project, in a historical Canadian mining district, "could unlock significant value," noted a Red Cloud Securities report.
West Red Lake Gold Mines Inc. (WRLG:TSXV; WRLGF:OTCQB) has reported drill results from its 100% owned Madsen Mine, located in the Red Lake Gold District of Northwestern Ontario. Read why the company CEO is calling these results successful and the optimism he has for the mine's potential.
West Red Lake Gold Mines Inc. (WRLG:TSXV; WRLGF:OTCQB) has announced initial drill results from a new target at its 100%-owned Madsen Property in the historic Red Lake Gold District of Northwestern Ontario. One expert says it's a great buy for those looking to invest in Canada.
Bob Moriarty of 321Gold shares his thoughts on West Red Lake Gold Mines Inc. (WRLG:TSXV; WRLGF:OTCQB), which recently announced it had begun mining operations at its Madsen Mine.
A cornerstone of Canada's role as the fifth-largest gold producer in the world continues to be the Red Lake camp in northwestern Ontario. Nearly a century after miners first turned the soil, modern companies are hunting for new riches in the district.
John Newell of RSD Discovery Group shares why he believes West Red Lake Gold Mines Inc. (WRLG:TSXV; WRLGF:OTCQB) is poised to capitalize on the opportunities in Canada's prolific Red Lake mining district.
West Red Lake Gold Mines Inc. (WRLG:TSXV; WRLGF:OTCQB) has announced promising drill results from its 100% owned Madsen Mine in the Red Lake Gold District of Northwestern Ontario. Read to find out what the latest drilling campaign, conducted in the North Austin Zone, has identified.
West Red Lake Gold Mines Inc. (WRLG:TSXV; WRLGF:OTCQB) announced plans to restart the high-grade Madsen gold mine in the second half of 2025. Find out how this affects previous plans for the mine.
West Red Lake Gold Mines Inc. (WRLG:TSXV;WRLGF:OTCQB) has released promising drill results from its wholly owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada. Find out what these results say about Red Lake's future plans.
In May on Streetwise, one company announced results of an MRE that saw 614g/t silver equivalent. Another company released assay results showcasing 225.0 g/t Ag over 4.5m. Read one to see the top news in gold on Streetwise last May.
West Red Lake Gold Mines Inc. recently announced that it intersected 10.34 grams per tonne -gold over 8 meters, 68.46 g/t Au over 1.1m, and 13.21 g/t Au over 5.5m within its Rowan Property. Read more to learn of the company's upcoming catalysts and what experts are saying about this mining stock.
"We upgraded West Red Lake Gold Mines Ltd. from Hold to Buy earlier this month based on the visible production ramp at Madsen and the path toward profitability. These Rowan results strengthen that call, adding confidence in the project as a complementary high-grade feed source and long-term value driver."
Jay Taylor, Hotline
(1/16/26)
"After interviewing and focusing on West Red Lake Gold Mines Ltd., I personally added the name to my IRA portfolio."
Jeff Clark, TheGoldAdvisor.com
(1/15/26)
"The market likes what is happening at West Red Lake Gold Mines Ltd.'s Madsen, which says a lot given the history of this mine. . .the commercial production milestone and visible ramp-up justify an upgrade from Hold to Buy, helped by the company's CA$46M cash balance, which provides runway for operations and planned exploration."
Robert Sinn, Goldfinger Capital
(1/14/26)
"December was a strong month for West Red Lake Gold Mines Ltd., with tonnage, grade, recoveries and production all performing to plan. . .the company's stated goal is to produce around 50 Koz for the year, recognizing that 2026 is still a ramp-up year and the official guidance will be released around mid-February."
Taylor Combaluzier, Red Cloud Securities
(1/13/26)
"We are encouraged that West Red Lake Gold Mines Ltd. was able to achieve commercial production in just over seven months after restarting operations. The company has rapidly worked to turn around the asset since acquiring it in 2023 and can continue to take advantage of a robust gold price environment."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(1/13/26)
"West Red Lake Gold Mines Ltd., the up and coming producer, reached commercial production! . . .the next key news is free cash flow from operations. Usually share price appreciates very well during this coming period."
More Expert Comments
Matthew O'Keefe, Cantor Fitzgerald
(1/12/26)
"Achieving commercial production is a major milestone for West Red Lake Gold Mines Ltd., demonstrating the successful transition from construction and commissioning to stable operations and establishing it as a junior gold producer. In 2025, the [Madsen] mine poured 20 Koz of gold."
Paul O'Brien, Velocity Trade Capital
(11/26/25)
"West Red Lake Gold Mines Ltd. announced a 3,000m surface drill program at the nearby Fork deposit, 250m southwest of the Madsen mine. . .Fork, currently a shallow ~80,000 oz Au Indicated, Inferred resource, can be drilled from surface and is in close proximity to Madsen's current underground development, which can be drifted/connected from Level 3."
Craig Stanley, Raymond James
(11/18/25)
"West Red Lake Gold Mines Ltd. announced that mined ore production at Madsen in October was up 24% from September. . .the increase in ore production is the result of mined waste now being stored underground since mid-September, allowing trucking capacity to be focused on moving ore."
Robert Sinn, Goldfinger Capital
(11/10/25)
"With record high and rising gold prices, West Red Lake Gold Mines Ltd. couldn't have had better timing with the ramp-up of production at the Madsen gold mine. . .the company is staying aggressive in its exploration approach because it believes in the discovery potential at Madsen and within the Red Lake District."
Jeff Clark, TheGoldAdvisor.com
(11/6/25)
"The latest drilling at West Red Lake Gold Mines' Madsen supports the longer-term growth case; it strengthens confidence that the company will have multiple, well-defined high-grade zones to mine as production stabilizes and expands. Combined with the Rowan drilling underway, the broader plan to build a 100 Koz/year platform remains credible."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(10/29/25)
"West Red Lake Gold Mines Ltd. went down big, well below [the] last financing without warrants as the company made good progress. I have been picking up shares."
Jay Taylor, Hotline
(10/10/25)
"I'm impressed with the methodical and carefully planned move by West Red Lake Gold Mines Ltd.'s Shane Williams toward building a high-grade gold mining operation for the longer term. My confidence level in this company's prospects is very high."
Matthew O'Keefe, Cantor Fitzgerald
(10/10/25)
"First systematic underground drilling of West Red Lake Gold Mines Ltd.'s deeper Austin zone since the 1950s-1960s returned wide, high-grade intercepts along the same plunge line as South Austin, pointing to up to 600m of continuous high-grade mineralization. Results underscore significant untapped ounce and tonnage potential at depth."
Jeff Clark, TheGoldAdvisor.com
(10/9/25)
"Wow. . .West Red Lake Gold Mines Ltd.'s first headline number measures a whopping 1,087.7 gram-meters, a bonanza grade hit we'll rarely see. These drill results announced today are from the Austin zone. . .there is some nice eye candy showing visible gold at 40.8m downhole."
Taylor Combaluzier, Red Cloud Securities
(10/8/25)
"We view West Red Lake Gold Mines Ltd.'s ramp-up progress positively and believe the company is making good headway towards commercial production. . .Madsen is on track to reach targeted output levels in early 2026."
Matthew O'Keefe, Cantor Fitzgerald
(10/7/25)
"West Red Lake Gold Mines Ltd. continues to execute a disciplined ramp-up, with Q3/25 production of 7,055 oz Au (+34% quarter over quarter) on 35.7 Kt ore at 5.4 g/t Au. . .the stock continues to offer good value, trading at 0.4x net asset value versus peers trading between 0.8x–1x."
Matthew O'Keefe, Cantor Fitzgerald
(9/24/25)
"West Red Lake Gold Mines Ltd.'s Rowan [is] a key growth project that will provide the company with a near-term path to producing over 100 Koz of gold at Red Lake. . .proceeds from the flowthrough issue will fund advancement of the Rowan project."
Matthew O'Keefe, Cantor Fitzgerald
(9/4/25)
"To declare commercial production at Madsen, West Red Lake Gold Mines Ltd. wants to demonstrate steady throughput and mill performance for at least three months as well as complete several capital projects to ensure cost stability and firm up confidence in its near-term mine plan so it can provide 2026 guidance. These items are expected to be completed in H2/25, putting the company on track to declare commercial production by Q1/26."
Thibaut Lepouttre, Caesars Report
(8/19/25)
"West Red Lake Gold Mines Ltd. is now mining from eight areas at Madsen, but the focus remains on sill development to allow a focus on stope mining this month. Due to the relatively high amount of sill development, the mined material was 'just' 8.9 g/t gold (which is still fine, and it was helpful to see some of the sill tonnage come in at a higher grade than expected)."
Jeff Clark, TheGoldAdvisor.com
(8/14/25)
"West Red Lake Gold Mines Ltd.'s underground definition program on its Madsen mine's South Austin zone continues to return high-grade hits. The headline hole at South Austin hit 36.85 g/t gold over 6.9m, for 254.2 gram-meters, a rich hole by any standard; there were more strong intercepts."
Robert Sinn, Goldfinger Capital
(8/12/25)
"West Red Lake Gold Mines Ltd. is another junior gold producer that's attempting to break out from a trading range. . .the company displayed strong support around the CA$0.80 level throughout June and July. Meanwhile, it is reasonable to expect that the CA$1 round number level will present resistance."
Jay Taylor, Hotline
(8/8/25)
"My view of West Red Lake Gold Mines Ltd. is that it is a very well-managed company and that there is significant upside exploration and development potential to enable larger-scale production and a long mine life, including the potential for a hub and spokes model going forward. Accordingly, I'm expecting good things to happen over the long haul for shareholders."
Taylor Combaluzier, Red Cloud Securities
(8/7/25)
"West Red Lake Gold Mines Ltd. continued to see close reconciliation between expected and actual grades [at Madsen], suggesting to us the company's geological model is performing well. Sill development was completed in July 2025 to allow the focus to be on stope mining in August 2025."
Jeff Clark, TheGoldAdvisor.com
(8/7/25)
"West Red Lake Gold Mines Ltd.'s shares have shot up over 15% in the last five trading days, driven by strength in gold and investor optimism about the company's ability to turn Madsen's high-grade gold into cash flow. For July, it sold 3,595 oz at $3,320/oz, generating $12M in revenues; the company is off to a great start."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(8/7/25)
"West Red Lake Gold Mines Ltd. reported very good progress. The company's shares are rebounding."
Jeff Clark, TheGoldAdvisor.com
(7/24/25)
"In a sign West Red Lake Gold Mines Ltd.'s Madsen gold mine is a valued asset, private royalty and streaming company Summit Royalty announced it would spend $9.9M to acquire a 1% net smelter returns royalty on the project from Sprott Resource Lending. A good sign from an institutional lender."
Jay Taylor, Hotline
(7/11/25)
"West Red Lake Gold Mines Ltd. announced the positive results of a preliminary economic assessment for a toll milling mine operation at its 100%-owned Rowan project. . .[It shows] strong returns: 41.9% post-tax internal rate of return, underscoring the viability of the company's second potential mine in the region."
Jeff Clark, TheGoldAdvisor.com
(7/10/25)
"With production ongoing at West Red Lake Gold Mines Ltd.'s Madsen, Rowan's longer-term potential to produce ore for some nearby Red Lake District mill gives the company some optionality that probably isn't getting factored into its current market cap. . .the 'golden runway' play is still operative for West Red Lake Gold as it slowly approaches commercial production at Madsen."
Taylor Combaluzier, Red Cloud Securities
(7/9/25)
"West Red Lake Gold Mines Ltd. announced results of a preliminary economic assessment (PEA) for its 100%-owned Rowan project. . .we view this PEA positively as it outlined a smaller, underground operation with simple metallurgy that will serve as a secondary source of feed to the Madsen mill."
Jay Taylor, Hotline
(6/27/25)
"West Red Lake Gold Mines Ltd. appears to be on its way toward a bright future as a gold producer. I expect to move this company into the ranks of the producers at the end of this month."
Taylor Combaluzier, Red Cloud Securities
(6/26/25)
"West Red Lake Gold Mines Ltd. is an emerging gold producer that is ramping up production through H2/25. The company has rapidly worked to turn around the asset since acquiring it in 2023 and can now take advantage of the robust gold price environment."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(6/26/25)
"West Red Lake Gold Mines Ltd. restarted the mine after a few days of a safety check! I am very happy to hear that and hope we will be able to visit the project again once the company has everything running smoothly."
Jay Taylor, Hotline
(6/6/25)
"The thoroughness of West Red Lake Gold Mines Ltd.'s preproduction work has provided it with an understanding of its ore body that can enable it to adjust to different gold prices. And I think that is going to make this a hugely profitable mine."
Jeff Clark, The Gold Advisor
(6/5/25)
"I do expect West Red Lake Gold Mines Ltd. shares to continue to rise until first pour, but I caution buying the stock at this point since that's only a month or so away. As a reminder, we'll look to take profits once the company does announce first pour; until then, let's enjoy the ride."
Jay Taylor, Hotline
(5/30/25)
"West Red Lake Gold Mines Ltd. is now beginning to become a mining company. . .my hunch is that given the production experience of Shane Williams and his team and given the sound preparation over the past couple of years, the company will have a very successful start-up with fewer than the normal hiccups most start-up producers have."
Jeff Clark, TheGoldAdvisor.com
(5/29/25)
"The South Austin zone within West Red Lake Gold Mines Ltd.'s Madsen mine continues to yield bonanza gold grades. . .with the company officially throwing the switch on a restart at Madsen last week, it's tantalizing to think of grades that rich getting mined during this era of $3,200+ gold."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(5/27/25)
"West Red Lake Gold Mines Ltd. reported very high-grade drilling results, 114 g/t over 10.6m and more. The company is starting the mine operation now, and I am planning to visit it next month."
Jay Taylor, Hotline
(5/23/25)
"West Red Lake Gold Gold Mines Ltd. reported that its board of directors have approved management's recommendation to restart the Madsen mine immediately. I expect to move the company into the producer section on my scorecard in the near future."
Taylor Combaluzier, Red Cloud Securities
(5/23/25)
"We are pleased to see West Red Lake Gold Mines Ltd.'s start-up of the Madsen mine ahead of schedule. The mine restart should help continue to drive momentum for the stock."
Jeff Clark, TheGoldAdvisor.com
(5/22/25)
"The restart will see West Red Lake Gold Mines Ltd. start off slowly at Madsen, processing an average of 500 tpd for the first two months, before ramping operations in H2/25. With this slow ramp, the company should continue to offer a 'golden runway' of profits this summer. It's a Buy."
Matthew O'Keefe, Cantor Fitzgerald
(5/22/25)
"West Red Lake Gold Mines Ltd.'s stock continues to trade at a significant discount to peers. . .with production now underway, we expect the company's multiple to expand towards the peer average and our target price over the next couple of quarters as it proves its operating ability."
Jay Taylor, Hotline
(5/16/25)
"West Red Lake Gold Mines Ltd. reported more drill results from its Madsen mine. Headline intersections: 48.97 g/t gold over 18.7m, 52.86 g/t gold over 4.5m and 25.49 g/t gold over 7.5m."
Jeff Clark, TheGoldAdvisor.com
(5/15/25)
"West Red Lake Gold Mines Ltd. continues to encounter rich intervals of high-grade gold as it conducts tight-spaced drilling on its Madsen mine's deposit areas. The highlight hole from the latest batch in the South Austin zone was hole 24, which cut an outstanding 18.7m of 48.97 g/t gold, totaling 915.7 gram-meters!, including 2m of 428.8 g/t gold and 0.5m of 16.06 g/t gold."
Jeff Clark, TheGoldAdvisor.com
(5/8/25)
"West Red Lake Gold Mines Ltd.'s shares remain priced for appreciation in anticipation of the company flipping the production switch at Madsen. First gold pour is expected in H2/25. . .West Red Lake Gold is still very much a Buy at current prices."
Taylor Combaluzier, Red Cloud Securities
(5/8/25)
"We view West Red Lake Gold Mines Ltd.'s bulk sample results favorably given the actual tonnage, grade and contained gold came close to the predicted values. . .this gives us confidence that the company is poised for success as it ramps up the [Madsen] mine in H2/25 and could potentially deliver better economics than outlined in the prefeasibility study."
Matthew O'Keefe, Cantor Fitzgerald
(5/7/25)
"West Red Lake Gold Mines Ltd.'s 14,490 ton bulk sample from Madsen carried an average gold grade of 5.72 g/t gold, 0.7% above the average predicted grade of 5.68 g/t Au for the target areas. The Madsen mill [is] performing as expected, averaging 95% recovery."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(5/7/25)
"West Red Lake Gold Mines Ltd. announced very positive bulk sample reconciliation results; gold grades are pretty consistent, right on the prediction. This is similar to Pretium Resources' bulk sampling, if you remember, and should be very positive and boost confidence when the mining starts in a month or so."
Taylor Combaluzier, Red Cloud Securities
(4/24/25)
"Our higher gold price assumption has increased our target on West Red Lake Gold Mines Ltd. . .the company's prefeasibility study [of Madsen] is quite robust given the incorporation of a significant amount of new drilling, realized operating costs and best mining practices."
Jay Taylor, Hotline
(4/18/25)
"While West Red Lake Gold Mines Ltd. is spending a great deal of time and energy on underground drilling at its Madsen mine to ensure optimal production when it begins production during H2/25, the company is also engaging efforts to build ounces in the ground regionally in what I expect will be a hub and spokes business model. . .management announced positive results from the 2024 regional surface mapping, geochemical sampling and core re-logging program at its 100%-owned Rowan property."
Jeff Clark, TheGoldAdvisor.com
(4/17/25)
"West Red Lake Gold Mines Ltd.'s share price is up strongly in the past two weeks, as gold's spike has attracted more generalist investor interest to the sector, exactly what we're looking for. . .I maintain my full position in the company and would view any short-term weakness as an opportunity, though keep in mind that first gold pour is dead ahead."
Jay Taylor, Hotline
(4/4/25)
"The kind of numbers being reported from the Austin zone certainly boost the confidence in West Red Lake Gold Mines Ltd.'s Madsen project. Some of the headline numbers from the April 1 news release were 23.81 g/t gold over 5.4m and 30.16 g/t gold over 4.3m and 12.43 g/t gold over 10.5m."
Jeff Clark, TheGoldAdvisor.com
(4/3/25)
"We're on the preproduction 'golden runway' with West Red Lake Gold Mines Ltd.; the company has the chance to rise both from gold's advance and the impending gold production at Madsen. These factors make West Red Lake a Strong Buy right now."
Jay Taylor, Gold, Energy & Tech Stocks
(3/31/25)
"West Red Lake Gold Mines Ltd.'s resource should increase with the current expansion drilling underground at the Madsen mine where it is also focused on definition drilling in preparation for near-term mining. The company is also building ounces in several nearby deposits that are expected to be part of a hub and spokes business model."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(3/27/25)
"West Red Lake Gold Mines Ltd. will start pouring gold in a few months. If the company can execute as Gwen [Preston] claimed, this should be a couple dollar stock, and warrants should be 10x at least."
Jeff Clark, TheGoldAdvisor.com
(3/20/25)
"I believe West Red Lake Gold Mines Inc.'s stock will begin to rebound soon, based both on the strong market for gold and the fact that the company is making steady progress towards getting Madsen up and running. . .the 'golden runway' play of riding a soon-to-be producer's share price appreciation as it approaches first gold pour is still in effect here."
Matthew O'Keefe, Cantor Fitzgerald
(3/19/25)
"West Red Lake Gold Mines Ltd. reported that the mill at its Madsen mine was restarted last week and encountered no operational issues as it processes low-grade stockpiles. . .overall, the company remains on track for full restart of operations by midyear."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(3/17/25)
"Looking at West Red Lake Gold Mines Ltd.'s presentation, the company is using only $2,200 gold as an assumption. [With] my estimate at $3,000 gold, it would have more than $100M in free cash flow and thus justify at least $1B in market cap."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(3/10/25)
"West Red Lake Gold Mines Ltd. is finishing a financing. . .I had a pleasant conversation with my old friend Gwen Preston, who is the head of Investor Relations after she quit the newsletter business. She convinced me this could well be the 'last financing' before positive cash flow."
Jay Taylor, Gold, Energy & Tech Stocks
(2/26/25)
"West Red Lake Gold Mines Inc. reported several very high-grade definition drill intercepts at Madsen like 114.26 g/t gold over 10.6m, 77.9 g/t gold over 3m and 24.48 g/t gold over 8.5m. The purpose of the company's ongoing drilling now is mostly to prepare for production at the Madsen mine starting this year."
1/29/2026 – West Red Lake Gold Confirms High-Grade Continuity at Rowan with First Round of Infill Drilling Results
1/12/2026 – West Red Lake Gold Declares Commercial Production at Madsen Gold Mine
12/22/2025 – West Red Lake Gold Upgrades to OTCQX Best Market
11/26/2025 – West Red Lake Gold Commences 3,000 Metre Drill Program at Fork Deposit
11/18/2025 – West Red Lake Gold Reports Mid-Q4 Madsen Mine Update
11/4/2025 – West Red Lake Gold Confirms Additional High-Grade Gold in Lower Austin with 26.16 g/t Au over 11.2m, 37.87 g/t Au over 3.55m and 10.55 g/t Au over 8m
Important Disclosures
West Red Lake Gold Mines Ltd. is a Billboard advertiser of Streetwise Reports and pays a flat fee. Fees fund both sponsor-specific activities and general report activities. Sponsor-specific activities may include aggregating content and publishing that content on the Streetwise Reports site, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases.
The fees also cover the costs for Streetwise Reports to publish and syndicate investment opinion and comments, and also to curate or create sector-specific content.
Billboard advertising monthly fees range from $3,000 to $5,000.
This landing page contains a summary of the company that was prepared by that company.
Some landing pages contain investing highlights and a catalyst calendar that are prepared by that company.
The Expert Comments and Experts Following This Company sections of the landing page are compiled by Streetwise Reports.
There may be other information about the company that is not placed on the landing page, and Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on the landing page.
Readers should conduct their own research for all information publicly available concerning the company.
This landing page may be considered advertising for the purposes of 18 U.S.C. 1734.
Streetwise Company Fact Sheet
