West Red Lake Stock Price, News & Analysis
Company Description
West Red Lake Gold Mines (OTCQB: WRLGF) is a junior gold company in the basic materials sector with a focus on gold projects. According to recent disclosures, the company is advancing the historic Madsen Mine in the prolific Red Lake Gold District of Ontario, Canada, a region known for high-grade gold production.
Business focus and core asset
Available information indicates that West Red Lake Gold Mines is centered on the Madsen Mine and several other known and prospective gold resources in the Red Lake Gold District. The district is described as having produced over 30 million ounces of high-grade gold, underscoring its importance as a long-standing gold-producing area.
The company has been engaged in exploration work, refurbishment, infrastructure developments, and equipment upgrades at the Madsen Mine. These activities are described as part of efforts to restart and operate this historic gold mine on a more solid footing, while also evaluating new targets with additional potential within the district.
Madsen Mine and the Red Lake Gold District
The Madsen Mine is located in the Red Lake Gold District of Ontario, Canada. This district is characterized in company-related materials as prolific and renowned for rich gold deposits. West Red Lake Gold Mines has acquired the Madsen Mine and other known and prospective resources in this area, positioning the company within a well-recognized Canadian gold camp.
Descriptions of the company’s activities emphasize work to accurately define the gold resource and the structure of the deposit at Madsen, alongside efforts to improve and optimize existing mine infrastructure. These activities are presented as part of the path to restarting and operating the mine.
Operations and recent milestones
Recent news indicates that West Red Lake Gold Mines conducted an extensive period of exploration at Madsen, along with refurbishment and infrastructure work. The company reports completing equipment upgrades and carrying out a bulk sample program at the mine. This bulk sample program is described as having been overwhelmingly successful.
Following this work, West Red Lake Gold Mines states that it restarted the Madsen Mine and entered into full production in May of 2025. In parallel with production activities, exploration continues within the mine with the stated objective of developing a near-term mineable resource, described as high-confidence ounces intended to support the mine plan and production quotas.
Corporate positioning and support
Public materials describe West Red Lake Gold Mines as backed by a seasoned management team and strategic investors, including Frank Giustra. This support is highlighted in connection with the company’s efforts to restart the Madsen Mine and to pursue exploration on additional targets within the Red Lake Gold District.
The company is featured on platforms that focus on junior mining and exploration, including documentary-style coverage that presents an in-depth, behind-the-scenes view of its work at Madsen and its approach to an historic gold project.
Capital markets and listings
West Red Lake Gold Mines is referenced as trading on the TSX Venture Exchange under the symbol WRLG and on the OTCQB market under the symbol WRLGF. These listings place the company within exchanges that commonly host junior resource and venture-stage issuers.
Risk considerations
Company-related communications emphasize that investing in securities of West Red Lake Gold Mines is speculative and carries a high degree of risk. Prospective investors are repeatedly advised to review financial statements and other corporate information, and to carefully consider risk factors identified in filings on SEDAR+ and other government repositories. The company and associated media providers note that their materials do not constitute investment advice or a complete analysis of the company’s financial position.
Role in the junior gold sector
Within the gold industry, West Red Lake Gold Mines is presented as part of the junior mining and exploration segment, with activity focused on a historically productive Canadian gold district. Its work at the Madsen Mine, including exploration, refurbishment, and the move into production, is portrayed as a key component of its presence in the sector.
Stock Performance
Latest News
SEC Filings
No SEC filings available for West Red Lake.
Financial Highlights
Upcoming Events
Short Interest History
Short interest in West Red Lake (WRLGF) currently stands at 3.7 million shares, down 9.2% from the previous reporting period, representing 1.1% of the float. Over the past 12 months, short interest has increased by 163%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for West Red Lake (WRLGF) currently stands at 2.9 days, up 17.3% from the previous period. This days-to-cover ratio represents a balanced liquidity scenario for short positions. The days to cover has increased 185% over the past year, indicating either rising short interest or declining trading volume. The ratio has shown significant volatility over the period, ranging from 1.0 to 3.8 days.