West Red Lake Gold Mines Inc.
RLGMF
Other OTC0.03
USD
- -
- -
Return %
Stock
S&P500
1Y
-2.07
18.99
3Y
-2.07
64.75
5Y
-2.07
71.84
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Thomas Wright Meredith
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 82 Richmond Street East Toronto ON Canada M5C 1P1
- IPO Date
- Feb 22, 2012
- Website
- westredlakegold.com
- Similar Companies
- Business
- West Red Lake Gold Mines Ltd. (TSXV: WRLG; OTCQB: WRLGF) is a Vancouver-based gold development and mining company focused on advancing and operating high-grade gold assets in the prolific Red Lake Gold District of Northwestern Ontario, Canada; the company holds a 47 square kilometer land package centered on its flagship Madsen Gold Mine, which features significant existing infrastructure including a mill with capacity up to 1,200 tonnes per day, alongside the wholly owned Rowan Property spanning 31 square kilometers that encompasses three past-producing gold mines—Rowan, Mount Jamie, and Red Summit—covering a 12-kilometer strike length along the Pipestone Bay St. Paul Deformation Zone. Core activities encompass underground gold mining at Madsen with current mill throughput of approximately 650 tonnes per day achieving 95% gold recovery rates; gold exploration through definition and infill drilling programs targeting resource expansion at Upper 8, Fork deposit, and regional opportunities; mine development and rehabilitation including longhole stoping methods for cost-efficient production; and engineering studies such as pre-feasibility assessments for Madsen filed in February 2025 and planned for Rowan by Q3 2026. The company, formerly DLV Resources Ltd. and renamed in December 2022, operates from headquarters at Suite 3123, 595 Burrard Street, Vancouver, British Columbia V7X 1J1, with mine site operations in Red Lake; it targets institutional investors and gold market participants with production ramping to an anticipated 70,000 ounces annually at Madsen over seven years supported by post-tax free cash flow projections of $400 million. Recent developments include acquiring the Madsen Mine as a distressed asset in June 2023 followed by over C$140 million in investments for restart achieving initial gold production of 5,350 ounces from January to mid-June 2025; closing an upsized C$41 million bought deal public offering in September 2025 comprising common shares and charity flow-through shares to fund Madsen ramp-up to commercial production, capital projects for higher output, and Rowan pre-feasibility drilling; securing over C$68 million in financing commitments in October 2024 for mine restart; and confirming additional high-grade gold intercepts to support ongoing resource delineation.
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