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West Red Lake Gold Mines ( (TSE:WRLG) ) has shared an announcement.
West Red Lake Gold Mines Ltd. has announced positive results from a pre-feasibility study for its Madsen Mine, indicating a post-tax net present value of $315 million and an average annual free cash flow of $70 million. These results support the decision to restart the mine in the second quarter of 2025, with a projected average annual production of 67,600 ounces of gold over a 7.2-year mine life. The study highlights the potential for significant growth with further drilling, and the company has nearly completed the necessary construction and capital investment for the mine startup.
More about West Red Lake Gold Mines
West Red Lake Gold Mines Ltd. operates in the mining industry, focusing on gold exploration and development. The company is primarily involved in the Madsen Mine project, located in the Red Lake Gold District of northwestern Ontario, Canada.
YTD Price Performance: -1.19%
Average Trading Volume: 497,286
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $131.2M
See more data about WRLG stock on TipRanks’ Stock Analysis page.
