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West Red Lake Gold Mines
(WRLG)
West Red Lake Gold Mines (WRLG) vs. iShares MSCI Canada ETF (EWC)
West Red Lake Gold Mines Business Overview & Revenue Model
West Red Lake Gold Mines Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 58.90M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 20.32M | -2.16M | -250.40K | 0.00 | 0.00 | 0.00 |
| EBITDA | -5.28M | -99.19M | -31.99M | -227.85K | -218.88K | -250.03K |
| Net Income | -9.02M | -106.88M | -32.51M | -192.31K | -177.28K | -226.70K |
Balance Sheet | ||||||
| Total Assets | 242.93M | 136.89M | 98.01M | 1.86M | 2.02M | 2.20M |
| Cash, Cash Equivalents and Short-Term Investments | 45.79M | 36.88M | 16.31M | 1.64M | 2.02M | 2.20M |
| Total Debt | 109.23M | 60.32M | 7.80M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 158.29M | 107.43M | 31.98M | 71.43K | 39.50K | 43.49K |
| Stockholders Equity | 84.64M | 29.46M | 66.03M | 1.79M | 1.98M | 2.16M |
Cash Flow | ||||||
| Free Cash Flow | -69.02M | -95.00M | -26.35M | -203.09K | -196.19K | -224.40K |
| Operating Cash Flow | -13.33M | -87.84M | -26.15M | -203.09K | -196.19K | -224.40K |
| Investing Cash Flow | -55.69M | -7.17M | -4.39M | -173.02K | 15.00K | 0.00 |
| Financing Cash Flow | 77.93M | 115.59M | 45.21M | 0.00 | 0.00 | 0.00 |
West Red Lake Gold Mines Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | C$270.15M | -96.83 | -2.02% | ― | ― | -40.00% | |
51 Neutral | C$296.60M | -5.14 | -27.21% | ― | ― | ― | |
50 Neutral | C$412.17M | -2.84 | -143.63% | ― | ― | ― | |
49 Neutral | C$385.99M | -23.62 | -10.17% | ― | ― | 37.78% | |
45 Neutral | C$385.28M | -33.77 | -7.89% | ― | ― | -111.93% | |
44 Neutral | C$463.84M | -102.75 | -5.60% | ― | ― | -445.00% |
West Red Lake Gold Mines Corporate Events
ArcelorMittal has announced three new renewable energy projects in India totaling 1GW of solar and wind capacity, which will double its renewable capacity in the country to 2GW and lift its global renewable portfolio to 3.3GW. The $0.9 billion investment will supply clean power to AMNS India’s steelmaking operations, contributing to 35% of the electricity needs of its Hazira plant by 2028 and, together with related projects by ArcelorMittal and AMNS India, is expected to deliver annual CO2 savings of 4 million tonnes, reinforcing the group’s decarbonisation strategy and strengthening its position as a major industrial player investing in the energy transition across India, Brazil and Argentina.
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.
West Red Lake Gold Mines Ltd. has initiated a 3,000-meter infill drilling program at its Fork Deposit, located near the Madsen Mine in Ontario. This program aims to expand the high-grade gold resource at Fork, which is seen as a potential addition to the production pipeline at Madsen, enhancing the mine’s growth prospects and operational longevity.
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.
West Red Lake Gold Mines Ltd. has reported significant progress in the ramp-up activities at its Madsen Mine, with a 24% increase in ore production in October. The company is on track to achieve full-scale operations by early 2026, with enhanced site management and infrastructure improvements, such as the delivery of rolling stock and the construction of a maintenance shop, contributing to this advancement.
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.
West Red Lake Gold Mines Ltd. has announced promising drill results from its Madsen Mine, indicating significant high-grade gold mineralization in the Austin Zone. These results, which include notable gold grades over substantial lengths, reinforce the company’s belief in the Madsen Mine’s potential as a sustainable producing asset and highlight the ongoing exploration success in the Red Lake district. The findings are expected to enhance the company’s operational capabilities and strengthen its position in the gold mining industry.
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.
West Red Lake Gold Mines Ltd. has commenced a 5,000-metre drilling program at its Rowan Project, aiming to upgrade inferred resources to indicated status and gather data for a planned Pre-Feasibility Study (PFS). This initiative is part of a broader strategy to potentially integrate the Rowan and Madsen projects, leveraging shared infrastructure to enhance operational efficiencies and economic outcomes. The drilling program and subsequent studies are expected to bolster the project’s net present value and expedite ore extraction, with the ultimate goal of achieving a combined production rate of up to 100,000 ounces of gold per year. The company is also pursuing an Advanced Exploration permit, supported by Ontario’s streamlined permitting framework, to advance the project towards bulk sample extraction by 2027.
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.
West Red Lake Gold Mines Ltd. announced significant high-grade gold discoveries at its Madsen Mine in the Red Lake Gold District, with impressive drill results from the lower Main Austin Zone. These findings, including grades as high as 139.45 g/t Au over 7.8 meters, highlight the potential for substantial gold resources at depth, reinforcing the company’s strategic focus on expanding its high-grade mineralization portfolio. The results are expected to enhance the company’s operational prospects and strengthen its position in the gold mining sector.
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.
West Red Lake Gold Mines Ltd. has reported a successful third quarter in the ramp-up of its Madsen Mine, with significant increases in ore tonnage and gold production. The mine produced 35,700 tonnes of ore at an average grade of 5.4 grams per tonne, resulting in 7,055 ounces of gold poured, marking a 34% increase over the previous quarter. The company achieved gross proceeds of CAD$33 million from gold sales, and operational improvements such as underground waste storage have enhanced ore movement efficiency. These developments position Madsen Mine for commercial production by early 2026, indicating positive future prospects for the company and its stakeholders.
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.