West Red Lake Gold Mines (WRLG) Stock Overview
A mineral exploration company, acquires, explores, evaluates, and develops gold properties in Canada. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 5/6 |
| Past Performance | 2/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
WRLG Community Fair Values
Create NarrativeSee what 48 others think this stock is worth. Follow their fair value or set your own to get alerts.
Top Community Narratives
West Red Lake Gold Mines Ltd. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$0.87 |
| 52 Week High | CA$1.49 |
| 52 Week Low | CA$0.59 |
| Beta | 1.45 |
| 1 Month Change | 10.13% |
| 3 Month Change | 33.85% |
| 1 Year Change | -20.18% |
| 3 Year Change | 55.36% |
| 5 Year Change | n/a |
| Change since IPO | 74.00% |
Recent News & Updates
(Deep Dive Series) West Red Lake Gold, The High-Grade Mine Producing, Can They Deliver 67koz and Rerate Hard
In this deep dive series, we breakdown West Red Lake Gold (TSXV: WRLG / OTCQB: WRLGF), a company that is no longer just an explorer. The Madsen Mine in Red Lake, Ontario restarted in 2025, hit commercial production in January 2026, and guided 35–45koz this year.Valuation Summary (Latest)
Important Valuation Note This is a simplified high-gold-price torque model, not an official company forecast. It estimates upside sensitivity at US$6,000/oz and US$7,000/oz gold using the PFS steady-state production figure of 67,600 ounces per year and PFS AISC of US$1,681/oz.Recent updates
(Deep Dive Series) West Red Lake Gold, The High-Grade Mine Producing, Can They Deliver 67koz and Rerate Hard
In this deep dive series, we breakdown West Red Lake Gold (TSXV: WRLG / OTCQB: WRLGF), a company that is no longer just an explorer. The Madsen Mine in Red Lake, Ontario restarted in 2025, hit commercial production in January 2026, and guided 35–45koz this year.Valuation Summary (Latest)
Important Valuation Note This is a simplified high-gold-price torque model, not an official company forecast. It estimates upside sensitivity at US$6,000/oz and US$7,000/oz gold using the PFS steady-state production figure of 67,600 ounces per year and PFS AISC of US$1,681/oz.
I'm exiting my positions
🪙 West Red Lake Gold Mines Ltd. (TSXV: WRLG | OTCQX: WRLGF) West Red Lake Gold Mines Ltd.If gold reaches $4,000 per oz
🪙 West Red Lake Gold Mines – Updated Snapshot (Late-2025) Latest verified info Basic Shares Outstanding: ~349.1-351.1 million shares. ( Investing.com ) Fully Diluted Shares: ~517.0 million shares (options, warrants, RSUs/DSUs) per company presentation.If gold reaches $4,000 per oz
West Red Lake Gold Mines (WRLG / WRLGF) – 2025 Snapshot & Gold Scenarios ⚠️ Risks Madsen Restart Execution – Ramp-up could face delays, lower-than-expected recoveries, or milling/underground bottlenecks. Rowan Development Uncertainty – PEA-level assumptions carry risk; permitting, toll-mill agreements, and capex may shift economics.
A case for CAD$ 11.28 (USD $8.30) by 2029
Madsen Mine:Resource: 2.2 million ounces (oz) at an average head grade of 6 grams per tonne (gpt).Mill Capacity: 1,100 tonnes per day (tpd).Annual Production: At 6 gpt, the mine produces 75,000 oz ofShareholder Returns
| WRLG | CA Metals and Mining | CA Market | |
|---|---|---|---|
| 7D | -3.3% | 4.1% | 1.0% |
| 1Y | -20.2% | 55.3% | 24.6% |
Return vs Industry: WRLG underperformed the Canadian Metals and Mining industry which returned 55.3% over the past year.
Return vs Market: WRLG underperformed the Canadian Market which returned 24.6% over the past year.
Price Volatility
| WRLG volatility | |
|---|---|
| WRLG Average Weekly Movement | 8.6% |
| Metals and Mining Industry Average Movement | 10.9% |
| Market Average Movement | 9.4% |
| 10% most volatile stocks in CA Market | 16.4% |
| 10% least volatile stocks in CA Market | 3.7% |
Stable Share Price: WRLG has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: WRLG's weekly volatility (9%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | n/a | Shane Williams | westredlakegold.com |
West Red Lake Gold Mines Ltd., a mineral exploration company, acquires, explores, evaluates, and develops gold properties in Canada. Its flagship property is the Madsen gold mine project, which comprises 241 mining leases, mining patents, and unpatented mining claims covering an aggregate area of 4,648 hectares located in the Red Lake Gold District of Northwestern Ontario. West Red Lake Gold Mines Ltd.
West Red Lake Gold Mines Ltd. Fundamentals Summary
| WRLG fundamental statistics | |
|---|---|
| Market cap | CA$360.61m |
| Earnings (TTM) | CA$17.05m |
| Revenue (TTM) | CA$168.07m |
Is WRLG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| WRLG income statement (TTM) | |
|---|---|
| Revenue | CA$168.07m |
| Cost of Revenue | CA$85.42m |
| Gross Profit | CA$82.65m |
| Other Expenses | CA$65.60m |
| Earnings | CA$17.05m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.041 |
| Gross Margin | 49.18% |
| Net Profit Margin | 10.14% |
| Debt/Equity Ratio | 86.5% |
How did WRLG perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/09 02:25 |
| End of Day Share Price | 2026/09/09 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
West Red Lake Gold Mines Ltd. is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Cantor Fitzgerald Canada Corporation |
| null null | Raymond James Ltd. |
| Craig Stanley | Raymond James Ltd. |