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West Red Lake Gold Mines ( (TSE:WRLG) ) just unveiled an update.
West Red Lake Gold Mines Ltd. has successfully completed a test mining and bulk sample program at its Madsen Mine, leading to a more detailed and efficient mine plan. The program demonstrated the potential for larger stopes and mining complexes, which could enhance economic benefits by reducing costs and increasing resource extraction efficiency.
The most recent analyst rating on (TSE:WRLG) stock is a Buy with a C$1.40 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 owns the Madsen Mine in the Red Lake Gold District of Northwestern Ontario, Canada, where it is engaged in test mining and bulk sampling to refine its mining strategies.
Average Trading Volume: 1,613,745
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$325.2M
For detailed information about WRLG stock, go to TipRanks’ Stock Analysis page.