We sat down with Shane Williams, CEO of West Red Lake Gold Mines (🇺🇸WRLGF -- 🇨🇦WRLG), for a significant update on the company’s journey to production and cash flow. Here's what we learned:

 🔑 Upcoming Production Milestone West Red Lake Gold is set to restart its high-grade Madsen Mine in mid-2025, positioning itself as one of the few Canadian gold projects entering production during a period of rising gold prices. With potential gold prices reaching $3,000/oz, the timing couldn’t be better.

💡 Key Developments & Exploration Success Significant progress on capital projects, including the innovative connection drift to unify operations for efficiency and exploration. Exciting exploration results from the Upper 8 Zone, showcasing high-grade intersects (21+ g/t) that promise to add value to the mine’s overall grade of 7–11 g/t. The company is targeting annual production of 70,000 ounces at an AISC of $1,400/oz, offering a near 50% profit margin at current gold prices. Shane believes that the market has not yet factored this into the company's share price.

Click here to go to WRLG's site and receive notifications of the latest developments on the company's path to production. 

 

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