West Red Lake Gold Mines Ltd
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Shane Williams
- Full Time Employees
- 260
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 595 Burrard Street Vancouver BC Canada V7X 1J1
- IPO Date
- May 22, 1981
- Website
- westredlakegold.com
- Similar Companies
- Business
- West Red Lake Gold Mines Ltd. (TSXV:WRLG, OTCQB:WRLGF) is a Canada-based gold mining company focused on the exploration, development and production of gold properties in the prolific Red Lake Gold District of northwestern Ontario. The company advances its flagship high-grade Madsen Gold Mine, comprising approximately 251 mining leases, patents and claims covering 4,648 hectares, featuring significant existing infrastructure with over C$350 million previously invested; it also holds the wholly owned Rowan Property spanning 3,100 hectares or 31 square kilometers across 119 claims, including three past-producing gold mines -- Rowan, Mount Jamie and Red Summit -- along a 12-kilometer strike length in the Pipestone Bay St Paul Deformation Zone. Operations target high-grade underground gold deposits in a district that has produced over 30 million ounces of gold, with Madsen located 15 kilometers west of Evolution Mining's Red Lake Mine Complex; headquartered in Vancouver, British Columbia, the company was founded prior to its 2023 acquisition of the Madsen project as a distressed asset from prior owners. In 2024, West Red Lake Gold secured a financing package exceeding C$68 million, including a US$35 million loan facility from Nebari Natural Resources and a C$20 million bought-deal equity offering led by Raymond James; it completed 40,000 meters of definition drilling, advanced mine engineering and capital projects supporting a pre-feasibility study, and initiated a test mining program with underground waste rock storage to enable over 1,000 tonnes of daily ore movement. During 2025, the company closed an upsized C$41 million bought-deal public offering to accelerate Madsen ramp-up capital projects and Rowan pre-feasibility drilling using flow-through funds, targeting over 100,000 ounces of annual gold production across its Red Lake assets while transitioning Madsen to steady-state operations amid strong gold prices.
Company News
West Red Lake Gold Reports 176.04 g/t gold over 5.3 metres as Madsen Drills Advance into Previously Unmined Material
West Red Lake Gold Reports 176.04 g/t Au over 5.3m, 128.32 g/t Au over 4.5m and 35.72 g/t Au over 13.35m from Austin 955 and 904 Complexes
West Red Lake Gold Advances Hub & Spoke Madsen Strategy with 1.5 meters @ 16.16 g/t gold assay from Starratt-Olsen Mine
West Red Lake Gold Intersects 16.16 g/t Au over 1.5 Metres and 10.94 g/t Au over 1.5 Metres at Starratt-Olsen, Advancing Multi-Asset Strategy at Madsen
West Red Lake Gold Q2 Results Deliver Higher Gold Production and Strong Financial Performance
West Red Lake Gold Mines Ltd. (WRLG:CA) Q2 2026 Earnings Call Transcript
West Red Lake Gold Reports Q2 2026 Results Including 51% Increase in Gold Production and 30% Reduction in AISC
West Red Lake Gold Completes Phase One Madsen Mine Shaft Refurbishment
West Red Lake Gold Files NI 43-101 Technical Report for Updated Rowan Mineral Resource Estimate
[Video Enhanced] West Red Lake Gold Production increases 51% in Q2 2026, as Annual Net Interest on US Debt Reaches $1 Trillion
West Red Lake Gold Reports Strong Q2 Operating Progress with 73% Increase in Mined Ounces and 51% Higher Gold Production over Q1 at Madsen Mine
[Video Enhanced] West Red Lake Gold Hits High Grade in Austin 955 and 904 Complexes
West Red Lake Gold Reports 43.38 g/t Au over 3.85m, 53.87 g/t Au over 3.1m and 10.22 g/t Au over 13.35m from Austin 955 and 904 Complexes – Madsen Mine
[Video Enhanced] West Red Lake Gold Increases Indicated Gold Ounces by 70% at Rowan with a Discovery Cost of C$17.60 Per Ounce
West Red Lake Gold Announces Results of Annual General Meeting
West Red Lake Gold Significantly Increases Rowan MRE Including a 70% Increase in Indicated Resources to 755k Tonnes Containing 335k oz at 13 g/t Au
West Red Lake Gold Reports Q1 2026 Financial Results and Operations Summary
West Red Lake Gold Reports Q1 2026 Financial Results and Operations Summary
West Red Lake Gold 2026 Production Guidance Reflects Planned Ramp Up at Madsen Mine and Growing Production Profile
West Red Lake Gold Reports 471 g/t Au over 1m from Vein 013 and 10.84 g/t Au over 3m from Vein 006b Rowan Deposit