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The latest update is out from West Red Lake Gold Mines ( (TSE:WRLG) ).
West Red Lake Gold Mines Ltd. has announced the filing of an independent preliminary economic assessment (PEA) technical report for its Rowan project in the Red Lake Gold District of Ontario. The report, prepared by Fuse Advisors Inc., confirms the company’s previous disclosure about the project’s potential, including an average annual production of over 35,000 ounces and a 42% after-tax internal rate of return. This development is significant for the company’s operations and stakeholders, as it supports the potential profitability and viability of the Rowan Project.
The most recent analyst rating on (TSE:WRLG) stock is a Buy with a C$1.50 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. is a publicly traded gold development and mining company focused on its flagship Madsen Gold Mine and a highly prospective land package in the Red Lake district of Ontario. The company also owns the Rowan Property in Red Lake, which includes three past producing gold mines.
Average Trading Volume: 1,046,465
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$299.3M
For a thorough assessment of WRLG stock, go to TipRanks’ Stock Analysis page.