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West Red Lake Gold Mines ( (TSE:WRLG) ) has shared an announcement.
West Red Lake Gold Mines Ltd. has reported significant progress in the ramp-up activities at its Madsen Mine, with a 24% increase in ore production in October. The company is on track to achieve full-scale operations by early 2026, with enhanced site management and infrastructure improvements, such as the delivery of rolling stock and the construction of a maintenance shop, contributing to this advancement.
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
West Red Lake Gold Mines Ltd. operates in the mining industry, focusing on the exploration and development of gold properties. The company is primarily involved in the Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada, and is working towards full-scale operations.
Average Trading Volume: 2,165,743
Technical Sentiment Signal: Buy
Current Market Cap: C$340.8M
For an in-depth examination of WRLG stock, go to TipRanks’ Overview page.