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West Red Lake Gold Mines ( (TSE:WRLG) ) has provided an update.
West Red Lake Gold Mines Ltd. announced the sale of 2,350 ounces of gold from its Madsen Mine bulk sample, generating US$7.7 million at an average price of US$3,293 per ounce. This development highlights the company’s operational progress and potential financial gains from its assets in the prolific Red Lake Gold District.
More about West Red Lake Gold Mines
West Red Lake Gold Mines Ltd. is a publicly traded mineral development company focused on advancing its flagship Madsen Gold Mine and associated land in the Red Lake district of Ontario, Canada. The company also owns the Rowan Property in Red Lake, which includes three past producing gold mines.
Average Trading Volume: 1,504,777
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$237M
For an in-depth examination of WRLG stock, go to TipRanks’ Stock Analysis page.