West Red Lake Gold Mines Restarts Madsen Mine Ahead of Schedule

West Red Lake Gold Mines ( (TSE:WRLG) ) has shared an announcement.

West Red Lake Gold Mines Ltd. has announced the official restart of its Madsen Mine, a significant milestone achieved by derisking technical, operating, and funding requirements. The restart, slightly ahead of schedule, positions the mine for increased activity in the latter half of the year, with plans to mine and process 500 tonnes per day initially, before ramping up operations.

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 publicly traded mineral exploration company focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 km² land package 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: 1,568,187

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$276.4M

For detailed information about WRLG stock, go to TipRanks’ Stock Analysis page.