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An announcement from West Red Lake Gold Mines ( (TSE:WRLG) ) is now available.
West Red Lake Gold Mines Ltd. announced a positive Preliminary Economic Assessment (PEA) for its Rowan project, highlighting an average annual production of over 35,000 ounces of gold and a 42% after-tax internal rate of return (IRR). The assessment underscores the project’s viability with a post-tax net present value (NPV) of $125.3 million, which could rise significantly with higher gold prices. The company plans to advance the project through a Pre-Feasibility Study (PFS) by Q3 2026, supported by ongoing environmental data collection and engagement with regulators for expedited permitting. The Rowan project shows significant exploration and growth potential, with opportunities for expansion drilling and resource upgrades.
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 gold exploration and development. The company is primarily engaged in the development of its Rowan project located in the Red Lake Gold District of northwestern Ontario, Canada.
Average Trading Volume: 1,342,600
Technical Sentiment Signal: Buy
Current Market Cap: C$295.3M
Learn more about WRLG stock on TipRanks’ Stock Analysis page.