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The latest update is out from West Red Lake Gold Mines ( (TSE:WRLG) ).
West Red Lake Gold Mines Ltd. announced significant drill results from its Madsen Mine, highlighting high-grade gold intersections in the South Austin zone. These findings suggest substantial untapped potential and are expected to enhance the company’s production plans, supporting the restart of operations and potentially increasing high-margin gold output.
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. is a company operating in the gold mining industry, focusing on exploration and development of gold resources. Its primary operations are located in the Red Lake Gold District of Northwestern Ontario, Canada, where it owns the Madsen Mine.
Average Trading Volume: 1,592,402
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$294M
For a thorough assessment of WRLG stock, go to TipRanks’ Stock Analysis page.