West Red Lake Gold Mines Ltd.

West Red Lake Gold Mines announces that Tony Makuch is stepping down from the Board of Directors. Mr. Makuch is CEO of Discovery Silver, which recently announced the US$425-million acquisition of the Porcupine Operation from Newmont. "My involvement with Discovery Silver in the acquisition of the Porcupine Assets from Newmont requires my full commitment," said Mr. Makuch. "I enjoyed my time working with both the [...]

West Red Lake Gold Mines is pleased to provide an update on mine restart activities at the Madsen Mine, where the mill is now processing low-grade material ahead of introducing Stope 1 of the bulk sample next week. In addition, the camp is now housing workers, the pace of underground development continues to rise, and the Connection Drift is within 84 metres of completion. There is active development and mining in [...]

Sponsored content disseminated on behalf of West Red Lake Gold. On February 18, 2025, West Red Lake Gold Mines announced the filing of its independent pre-feasibility study prepared by SRK Consulting. The reserve cut-off price that was used in the PFS was US$1,680 per oz. "Investors are surprised how conservative that number is," Gwen Preston, VP of Communications told Guy Bennett, CEO of Global Stocks News . "But there's [...]

Sponsored content disseminated on behalf of West Red Lake Gold. On February 18, 2025, West Red Lake Gold Mines announced the filing of its independent pre-feasibility study prepared by SRK Consulting. The reserve cut-off price that was used in the PFS was US$1,680 per oz. "Investors are surprised how conservative that number is," Gwen Preston, VP of Communications told Guy Bennett, CEO of Global Stocks News . "But there's [...]

West Red Lake Gold Mines is pleased to report drill results from its 100% owned Madsen Mine. The drill results featured in this news release are focused on the high-grade South Austin Zone, which currently contains an Indicated mineral resource of 474,600 oz grading 8.7 grams per tonne gold, with an additional Inferred resource of 31,800 oz grading 8.7 g/t Au. These results follow-up on the significant intercepts [...]

West Red Lake Gold Mines is pleased to announce that it has closed its previously announced public offering of 23,628,000 charity flow-through units of the Company at a price of C$0.8487 per Charity Flow-Through Unit for aggregate gross proceeds to the Company of $20,053,083.60. The Offering was led by Raymond James, as sole underwriter and bookrunner. Each Charity Flow-Through Unit is comprised of one common share of the [...]

West Red Lake Gold Mines is pleased to announce, it has agreed with Raymond James, to increase the size of its previously announced bought-deal financing. West Red Lake Gold will now issue 23,628,000 charity-flow through units of the Company at a price of C$0.8487 per Charity Flow-Through Unit for aggregate gross proceeds to the Company of approximately C$20 million. Each Charity Flow-Through Unit will consist of one [...]

West Red Lake Gold Mines is pleased to announce that it has entered into an agreement with Raymond James Ltd. as sole underwriter pursuant to which Raymond James has agreed to purchase, on a "bought deal" basis, 14,493,000 charity-flow through units of the Company at a price of C$0.8487 per Charity Flow-Through Unit, respectively, for aggregate gross proceeds to the Company of approximately C$12.3 million. Each Charity [...]

West Red Lake Gold Mines is pleased to announce the filing of its independent pre-feasibility study technical report for its 100% owned Madsen Mine project, with an effective date of Jan 7, 2025. The PFS Technical Report was prepared in accordance with the Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects and supports the disclosure made by the Company in its [...]

Sponsored content disseminated on behalf of West Red Lake Gold. On February 13, 2025, West Red Lake Gold Mines provided an update on restart readiness activities, including bulk sampling, mill start-up and underground development. "We have 185 employees and 50 contractors currently active on site," reported Shane Williams, President and CEO of WRLG in the February 13 press release. According to a conservative [...]