Added to YB: 2026-02-23
Pitch date: 2026-02-19
WRLG.V [bullish]
West Red Lake Gold Mines Ltd.
+2.54%
current return
Author Info
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Company Info
West Red Lake Gold Mines Ltd. acquires, explores, evaluates, and develops gold properties in Canada. It holds interests in the Rowan property with 146 claims covering 3,100 hectares located in the Red Lake gold district of Northwestern Ontario, Canada.
Market Cap
CAD 469.9M
Pitch Price
CAD 1.18
Price Target
2.50
Dividend
N/A
EV/EBITDA
-5.20
P/E
-2.79
EV/Sales
N/A
Sector
Metals and Mining
Category
turnaround
The Gold Price Gap: Quarterly Financials Still Haven't Caught Up - West Red Lake Gold Mines Ltd.
WRLG.V: Madsen Mine now commercial production 689tpd, 94.6% recovery. FY2025 ~20k oz at ~US$3,650/oz realized, AISC US$1,681/oz. PFS: 67.6k oz/yr steady-state = US$211M annual FCF at US$4,800 gold (US$3,119/oz margin). 3.7x fwd P/E. Target 40k oz FY2026, ~100k oz/yr by 2028 w/ Rowan. Risk: 165M warrants C$0.68-1.00. Analyst targets C$1.50-2.50
Read full article (2 min)