Denver Gold Group member
West Red Lake Gold Mines
- TSXv: WRLG
- Producer
- Gold
- Vancouver, Canada
Company profile
West Red Lake Gold Mines Ltd. is a publicly traded gold company focused on its flagship Madsen Mine in the Red Lake Gold District, a Canadian gold district that has yielded over 30 million ounces of gold in the last 100 years. West Red Lake purchased the Madsen Mine out of bankruptcy in 2023, spent two years developing a reliable resource modelling-mine engineering workflow and building infrastructure essential for efficient operations, and mining a bulk sample. Operations ramped up in H2 2025, setting Madsen up to declare commercial production at the start of 2026 as a rare new gold mine in a rising gold market.
Looking ahead: West Red Lake plans to complete a new Prefeasibility Study in 2026 that paves the way for gold production at Madsen double from its starting rate of approximately 45,000 oz. per year in just a few years by developing the nearby Rowan deposit as a satellite mine, while also expanding operations at Madsen. Exploration will happen alongside to test the clear potential to find more gold on the 47-sq. km Madsen land package, which is under explored and brimming with opportunity.
At Mining Forum Australia
A Denver Gold Group member company
Member companies meet qualified investors in unmediated 1x1 Meetings at every Mining Forum. The 2027 issuer list is published as companies confirm.
Peer groupthe five most similar Denver Gold Group members, 1 = most similar
| Rank | Company | Stage | Minerals | Primary operations | Market cap | 2025 production | Reserves | Match by factor |
|---|---|---|---|---|---|---|---|---|
| This company | West Red Lake Gold MinesTSXv: WRLG | Producer | Gold | Canada | $236M | 20,000 koz | 580000 Moz | |
| 1 | Orezone GoldTSX: ORE | Producer | Gold | Canada | $1.4B | |||
| 2 | ORVANATSX: ORV | Producer | Gold, Copper | Spain | $251M | 29,000 koz | 553000 Moz | |
| 3 | Caledonia MiningNYSE-Arca: CMCL | Producer | Gold | Zimbabwe | $466M | |||
| 4 | Talisker ResourcesTSX: TSK | Producer | Gold | Canada | $225M | 4,000 koz | ||
| 5 | Black Cat Syndicate LtdASX: BC8 | Producer | Gold, Antimony / Stibnite | Australia | $521M |
close partial distant not reported Dots run in the order market cap, stage, minerals, country, production, reserves. Similarity weighs market capitalisation 25%, stage of development 20%, primary and secondary minerals 20%, primary country of operations 10%, production 12.5% and reserves 12.5%, with sizes compared on a logarithmic scale. Production and reserves are compared only between companies with the same primary mineral, and a figure a company has not supplied is left out of the score instead of counting against it. A statistical grouping for orientation, not a recommendation or a valuation comparison.
Prepared for information only; it is not investment advice or a recommendation. Company data as supplied to Denver Gold Group by member companies and public market sources. Market figures in US dollars as at 20 September 2026.