West Red Lake Gold Mines Ltd. (V:WRLG)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | Suite 3123, 595 Burrard Street VANCOUVER BC V7X 1J1 |
| Tel: | N/A |
| Website: | https://westredlakegold.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| West Red Lake Gold Mines Ltd. is a Canada-based mineral exploration company. The Company is focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 square kilometers (Km2) land package in the Red Lake district of Ontario. The Company's project also includes West Red Lake Project, which is situated on the Red Lake Archean Greenstone Belt, which hosts the high-grade gold mines of the Red Lake Gold District. The Company's West Red Lake Project has approximately 3100-hectare property encompassing three former gold mines, including Rowan Mine, Red Summit Mine and Mount Jamie Mine. The Rowan Mine Property is comprised of approximately 119 claims. The Mount Jamie Mine Property is 100% owned and consists of approximately 26 claims. The Red Summit Mine Property consists of over two 100% owned patented claims situated within the Rowan Mine property. The NT Zone is located on the Rowan Mine Property portion of the West Red Lake Project. |
| Financial Overview |
| For the three months ended 29 February 2024, West Red Lake Gold Mines Ltd revenues was not reported. Net loss increased from C$2M to C$15.2M. Higher net loss reflects Exploration and evaluation expenses increase from C$86K to C$12.2M (expense), Management and consulting increase from C$199K to C$1M (expense), Marketing and investor relations increase from C$25K to C$322K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $144.21M as of Feb 29, 2024 |
| Annual revenue (TTM): | $0.00M as of Feb 29, 2024 |
| EBITDA (TTM): | -$44.88M as of Feb 29, 2024 |
| Net annual income (TTM): | -$45.64M as of Feb 29, 2024 |
| Free cash flow (TTM): | -$37.62M as of Feb 29, 2024 |
| Net Debt Last Fiscal Year: | $2.45M as of Feb 29, 2024 |
| Shares outstanding: | 224,094,704 as of Apr 23, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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