Added to YB: 2026-09-25
Pitch date: 2026-09-22
WRLG.V [bullish]
West Red Lake Gold Mines Ltd.
-3.45%
current return
Author Info
TokStocks is a financial media platform that connects retail investors with real, unfiltered insight into the world of small-cap and emerging public companies. Sign up for the newsletter.
Company Info
West Red Lake Gold Mines Ltd., a mineral exploration company, acquires, explores, evaluates, and develops gold properties in Canada.
Market Cap
CAD 368.9M
Pitch Price
CAD 0.87
Price Target
1.78 (+112%)
Dividend
N/A
EV/EBITDA
7.77
P/E
25.17
EV/Sales
2.73
Sector
Metals and Mining
Category
turnaround
I Like Things That Hurt When They Fall on Your Foot - West Red Lake Gold Mines Ltd.
WRLG.V (monitor): West Red Lake Gold delivered a much better Q2, with production up 51% and AISC down 30% despite a 13% decline in realized gold price, though gold-linked-note accounting drove part of the profit improvement. An imminent Madsen-Rowan pre-feasibility study could substantiate the hub-and-spoke plan, supporting potential for the shares to double over 12 months; repeatability and balance-sheet financing remain the key risks.
Read full article (3 min)