West Red Lake Gold Mines Ltd (WRLG) News

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

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

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

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

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

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

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

Posted on behalf of West Red Lake Gold Mines Ltd.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Posted on behalf of West Red Lake Gold Mines Ltd.

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

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

See above post for correction

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

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

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

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

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

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

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

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

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

Posted on behalf of West Red Lake Gold Mines Ltd.

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

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

As highlighted in a recent on-site visit video from EarthLabs Expeditions, West Red Lake Gold Mines (WRLG.v WRLGF) is reviving the Madsen Mine in Red Lake, Ontario, after acquiring it and its $350M in infrastructure for $6M.

With >100 workers, WRLG is advancing underground drilling & early-stage production. Full video summary here⬇️
https://www.reddit.com/r/Wealthsimple_Penny/comments/1g04zq5/restarting_an_underground_gold_mine_wrlgv_west/

In Episode 3 of EarthLabs Expeditions, the team visits West Red Lake Gold Mines' (WRLG.v, WRLGF) Madsen Mine in Red Lake, Ontario. After acquiring the site, which has $350M worth of mining infrastructure, for just $6M, WRLG is leveraging its existing infrastructure to restart gold production.

Gold has performed exceptionally well this year, breaking all-time highs (ATHs) and even surpassing $2,400 per ounce at times.
https://www.gold.org/goldhub/data

Amid high gold prices WRLG.v aims to resume gold production at its Madsen Gold Project in 2025. Last week, WRLG reported drill results from its Upper 8 target at Madsen with highlights like 1.3m at 44.17 g/t Au.
https://westredlakegold.com/west-red-lake-gold-intercepts-44-17-g-t-au-over-1-3m-and-20-63-g-t-au-over-0-5m-at-upper-8-target-madsen-property/

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

West Red Lake Gold Mines (WRLG.v WRLGF) is advancing its Madsen Gold Project with high-grade drilling and a strategy for production by late 2025. Recent drilling in the project's South Austin Zone returned 49.39 g/t Au over 4.48m. +A Pre-Feasibility Study is expected in Q4 2024 to guide operations. Full DD here⬇️
https://www.reddit.com/r/SmallCapStocks/comments/1fvmaoc/article_summary_west_red_lake_gold_wrlgv_advances/

Bob Moriarty recently highlighted how West Red Lake Gold (WRLG) has quietly started test mining at its past-producing Madsen Gold Mine. Acquired for pennies on the dollar with significant infrastructure already in place, WRLG is easing into production with plans for full operations by 2H 2025.
http://www.321gold.com/editorials/moriarty/moriarty093024.html

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

Marking a key de-risking component ahead of the targeted mine restart in 2025, West Red Lake Gold (WRLG.v WRLGF) recently initiated a test mining and bulk sampling program at the Madsen Mine (Ind.: 1.7 million ounces of Gold, Inf: 0.4M oz Au): https://x.com/StckMasterFlash/status/1836899507688120359

With the potential to unlock additional upside by reevaluating historically mined areas and improving the accuracy of resource modeling, the program will run for ~4 months and will focus on four target areas, expanding the mine’s overall inventory and optimizing mining methods, leading to more efficient and safer production when full-scale operations resume.

Today, West Red Lake Gold (WRLG.v WRLGF) announced the initiation of a test mining and bulk sampling program at the Madsen Mine, a key derisking component to the efforts being made to prepare the mine for a targeted restart in 2025: https://westredlakegold.com/west-red-lake-gold-starts-test-mining-and-bulk-sample-program-at-madsen-mine/

Expected to run for four months, the program will focus on four target areas and has the potential to unlock additional upside by reevaluating historically mined areas and improving the accuracy of resource modeling, expanding the mine’s overall inventory and optimizing mining methods, leading to more efficient and safer production when full-scale operations resume.

WRLG.v recently reported significant high-grade drill results from its Madsen Mine in Ontario’s Red Lake Gold District. Results include 4m @ 54.19 g/t gold and support a potential 2025 mine restart.

With multiple positive drilling results, including the ones above, WRLG has seen consistent positive share price movement. WRLG's share price is recovering towards its mid-April highs, reflecting growing confidence in the company’s potential.

*Posted on behalf of West Red Lake Gold Mines Ltd

Today, West Red Lake Gold's (WRLG.v WRLGF) President and CEO, Shane Williams, joined Crux Investor to discuss the company's strategic advantage in focusing on de-risking and moving the Madsen Mine, a near-term production asset, back into production in 2025:

WRLG.v recently shared more positive drill results from the Austin Zone at its Madsen Mine Project w/ highlights like 4m @ 54.19 g/t gold & 3.53m @ 23.73 g/t gold, supporting WRLG's plan to restart production at the mine in 2025
https://westredlakegold.com/west-red-lake-gold-intersects-54-19-g-t-au-over-4m-and-23-73-g-t-au-over-3-53m-at-austin-madsen-mine/

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

Today, West Red Lake Gold (WRLG.v WRLGF) was unveiled as an "Innovator in Mining and Industrial Tech" by BusinessTV: https://finance.yahoo.com/news/btv-unveils-innovators-mining-industrial-133000645.html

Set to restart gold production by mid-2025, WRLG is targeting growth at the Madsen Mine which boasts an indicated resource of 1.7 million ounces of gold and an additional 0.4 million ounces in the inferred category.

Today, West Red Lake Gold Mines (WRLG.v WRLGF) reported more high-grade drill results from the Madsen Mine in Ontario, including 54.19 g/t Gold over 4m and 23.73 g/t Au over 3.53m in the Austin Zone. The results support the mine's planned restart in H2 2025 and resource expansion.
https://westredlakegold.com/west-red-lake-gold-intersects-54-19-g-t-au-over-4m-and-23-73-g-t-au-over-3-53m-at-austin-madsen-mine/

West Red Lake Gold Mines (WRLG.v/WRLGF) has made major progress toward its goal of restarting gold production at its Madsen Mine by 2025.
https://westredlakegold.com/west-red-lake-gold-provides-madsen-mine-restart-activities-update/

Key milestones include 40,000m of definition drilling, 60% completion of the tailings dam expansion, successful mine dewatering, workforce accommodations & more. Full progress update summary here⬇️
https://www.reddit.com/r/Wallstreetbetsnew/comments/1f97xe9/news_breakdown_post_west_red_lake_gold_wrlgv/

Today, West Red Lake Gold (WRLG.v WRLGF) provided an update on the planned 2025 restart of its Madsen Gold Mine. Key progress includes 40,000m of definition drilling, a 60% complete tailings dam expansion, and workforce accommodations. The company also ordered a primary crusher and hired key leadership for the restart. Full update⬇️
https://westredlakegold.com/west-red-lake-gold-provides-madsen-mine-restart-activities-update/

Posted on behalf of West Red Lake Gold Mines Ltd.

Sharing insights into the company's cautious approach to restarting the Madsen Mine in northwestern Ontario, Shane Williams, president-CEO of West Red Lake Gold Mines detailed the company's strategic plan and long-term vision for the project: https://www.timminstoday.com/local-news/drilling-marks-the-path-for-a-mine-reboot-in-red-lake-9441801

With a 2 million ounce resource averaging 7 g/t, the Madsen Mine holds significant potential for both resource growth and production.

Insightful new interview with West Red Lake Gold's (WRLG.v WRLGF) VP of Investor Relations, Gwen Preston, regarding the company's latest update and recent high-grade drill results form the Austin and McVeigh Zones at the Madsen Mine:

The latest results intersected 17.77g/t Au over 5.5m and 7.35g/t Au over 12.12m at the Austin and McVeigh Zones where WRLG is aiming to build a high-confidence inventory to support the restart of production at the mine in H2 2025.

Yesterday, West Red Lake Gold (WRLG.v WRLGF) announced drill results from its 100% owned Madsen Mine in the Red Lake Gold District, intersecting 17.77g/t Au over 5.5m at McVeigh and 7.35g/t Au over 12.12m at Austin: https://westredlakegold.com/west-red-lake-gold-intersects-17-77-g-t-au-over-5-5m-at-mcveigh-and-7-35-g-t-au-over-12-12m-at-austin-madsen-mine/

Today, West Red Lake Gold Mines Ltd. (WRLG.v, WRLGF) reported high-grade drill results from the Madsen Mine, including:
-5.5m @ 17.77 g/t Au
-12.12m @ 7.35 g/t Au
-0.6m @ 100.44 g/t Au
-and 0.6m @ 89.93 g/t Au

These results support the project's potential and WRLG's planned restart of gold production in H2 2025.
https://westredlakegold.com/west-red-lake-gold-intersects-17-77-g-t-au-over-5-5m-at-mcveigh-and-7-35-g-t-au-over-12-12m-at-austin-madsen-mine/

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

West Red Lake Gold Mines (WRLG.v, WRLGF) is advancing its Madsen Mine project💥⛏️ Infill drilling has yielded impressive results, including 107.61 g/t Gold (Au) over 2.5m & 106.99 g/t Au over 2.35m (including 479.09 g/t Au over 0.5m). + Surface drilling is now underway

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

Insightful breakdown from Guy Bennett on West Red Lake Gold's (WRLG.v WRLGF) recently commenced 2024 surface drilling program at its Madsen Mine Property - Having identified several highly prospective targets, following a thorough review of geological data, WRLG is expected to release the PFS soon: https://www.thenewswire.com/press-releases/1k49F8Pnj-with-mine-restart-in-focus-west-red-lake-gold-explores-along-3-kilometer-strike-for-new-discoveries.html

West Red Lake Gold Mines Ltd. (WRLG.v, WRLGF) has launched its 2024 surface drilling at the Madsen Mine Property in Ontario's Red Lake Gold District. The 10,000-meter program will target high-priority exploration areas, aiming to discover new high-grade gold zones and increase the property's value.
https://westredlakegold.com/west-red-lake-gold-initiates-surface-drill-program-and-defines-new-exploration-targets-madsen-mine/

Today, West Red Lake Gold Mines Ltd. (WRLG.v) launched its 2024 drilling program at Madsen Mine, targeting high-priority zones to expand its 1.65 Moz gold resource. The program covers 10,000m of drilling across multiple promising targets in the Red Lake Gold District, aiming to uncover new high-grade zones. https://westredlakegold.com/west-red-lake-gold-initiates-surface-drill-program-and-defines-new-exploration-targets-madsen-mine/

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

Today, West Red Lake Gold (WRLG.v WRLGF) reported encouraging drill results from its 100% owned Madsen Mine, intersecting 107.61 g/t Au over 2.5m at Austin and 106.99 g/t Au over 2.35m at McVeigh: https://westredlakegold.com/west-red-lake-gold-intersects-107-61-g-t-au-over-2-5m-at-austin-and-106-99-g-t-au-over-2-35m-at-mcveigh-madsen-mine/

Continuing to build an inventory of high-confidence ounces to support the restart of production at the Mine, these results underscore the significant potential of the Austin Zone which could deliver gold grades exceeding 250 g/t over significant widths, highlighting the project's upside.

Insightful interview with West Red Lake Gold's (WRLG.v WRLGF) VP of Investor Relations, Gwen Preston, sharing her excitement about joining the company and her confidence in its value proposition:

On a path to restart the Madson Mine, WRLG is poised for significant advancements and supported by a capable management team and solid financial backing, presenting a compelling opportunity for investors to engage at this pivotal juncture.

With a goal to restart the high-grade Madsen Gold Mine in Ontario by the second half of 2025, West Red Lake Gold (WRLG.v WRLGF) has announced key infrastructure and development projects for the Madsen Mine, including a pre-feasibility study detailing the restart plan in early 2025: https://www.globalminingreview.com/mining/10062024/west-red-lake-gold-plans-to-restart-canada-gold-mine/

Focused on ensuring a successful mine restart with gold production to start in just over a year, West Red Lake Gold (WRLG.v WRLGF) is targeting an aggressive growth strategy at its Madsen Mine with extensive drilling and infrastructure improvements: https://x.com/StckMasterFlash/status/1818729999291367860

With a range of catalysts incoming including the completion of key infrastructure projects, the release of the pre-feasibility study and the potential for increased resource confidence and expansion, WRLG is positioned for substantial growth in a favorable gold market.

https://x.com/TheTSXDude/status/1819103397095919975