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West Red Lake Gold Mines ( (TSE:WRLG) ) has provided an announcement.
ArcelorMittal has announced three new renewable energy projects in India totaling 1GW of solar and wind capacity, which will double its renewable capacity in the country to 2GW and lift its global renewable portfolio to 3.3GW. The $0.9 billion investment will supply clean power to AMNS India’s steelmaking operations, contributing to 35% of the electricity needs of its Hazira plant by 2028 and, together with related projects by ArcelorMittal and AMNS India, is expected to deliver annual CO2 savings of 4 million tonnes, reinforcing the group’s decarbonisation strategy and strengthening its position as a major industrial player investing in the energy transition across India, Brazil and Argentina.
The most recent analyst rating on (TSE:WRLG) stock is a Buy with a C$1.75 price target. To see the full list of analyst forecasts on West Red Lake Gold Mines stock, see the TSE:WRLG Stock Forecast page.
More about West Red Lake Gold Mines
ArcelorMittal is one of the world’s leading integrated steel and mining companies, with a presence in 60 countries and primary steelmaking operations in 14 countries. It is the largest steel producer in Europe, among the largest in the Americas, and is expanding in Asia through its AM/NS India joint venture, serving sectors such as automotive, engineering, construction and machinery, and focusing on lower‑carbon, higher‑performance steels for the energy transition.
YTD Price Performance: 71.67%
Average Trading Volume: 1,990,849
Technical Sentiment Signal: Buy
Current Market Cap: C$408.2M
See more insights into WRLG stock on TipRanks’ Stock Analysis page.