Red Lake Gold Mines is pleased to announce that it has closed its previously announced bought deal public offering of 37,526,800 common shares of the Company at a price of C$0.95 per Common Share for gross proceeds of C$35,650,460, which, includes the full exercise of the over-allotment option, and 3,760,000 charity-flow through shares at a price of C$1.33 per Charity Flow-Through Share for gross proceeds of C$5,000,800 [...]
West Red Lake Gold is pleased to announce that as a result of strong investor demand, it has entered into an agreement with Raymond James, as sole underwriter, to increase the size of its previously announced bought-deal financing. West Red Lake will now issue 32,632,000 common shares of the Company at a price of C$0.95 per Common Share for gross proceeds of C$31,000,400. The offering of 3,760,000 charity-flow through [...]
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, 26,316,000 common shares and 3,760,000 charity-flow through shares of the Company at a price of $0.95 per Common Share and C$1.33 per Charity Flow-Through Share for aggregate gross proceeds to the Company of [...]
West Red Lake Gold Mines is pleased to announce the filing of its independent preliminary economic assessment technical report for its 100% owned Rowan project located in the Red Lake Gold District of northwestern Ontario, Canada, with an effective date of June 30, 2025. The PEA Technical Report was prepared in accordance with the Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for [...]
West Red Lake Gold Mines is pleased to report drill results from its 100% owned Madsen Mine. "The high-grade panel of gold mineralization the team is currently defining and expanding in South Austin has been delivering exceptional grades and thicknesses," said Shane Williams, President & CEO. "Archaean lode-gold vein systems like Madsen are well known for having pockets of mineralization that are often discrete, very [...]
Global Stocks News - Sponsored content disseminated on behalf of West Red Lake Gold. On August 6, 2025, West Red Lake Gold Mines provided an update on ramp-up activities at the Madsen Mine in Red Lake, Ontario. In July 2025, three gold pours were made at Madsen, producing a total of 3,800 ounces of gold. Of that, 3,595 ounces were sold at an average price of US$3,320 per oz, which generated CND $16.4 million in revenue [...]
West Red Lake Gold Mines is pleased to provide an update on ramp-up activities at the Madsen Mine in Red Lake, Ontario. "July was a good month for Madsen and our mine operations team, and we continue to track to plan on our ramp up," said Shane Williams, President and CEO. "Mine ramp-up is about adding equipment, developing access to high-priority mining areas, and increasing operational efficiency until the mine [...]
NetworkNewsWire Editorial Coverage Gold's dramatic climb past $3,300 per ounce in 2025 has proven to be more than a short-term rally-it signals growing investor unease with the global financial landscape. As inflation remains persistently high and trust in fiat currencies continues to erode, gold has reemerged as a dependable hedge against economic instability. This renewed confidence has spurred a surge of capital into [...]
Summit Royalty Corp. , a private royalty and streaming company, is pleased to announce that it has entered into a definitive agreement to acquire an existing 1.0% net smelter return royalty on the producing Madsen Project from a Fund managed by Sprott Resource Lending Corp. for total consideration of $9.9 million. Madsen is located in the prolific Red Lake mining district of Ontario and is 100% owned and operated by [...]
Sponsored content disseminated on behalf of West Red Lake Gold. On July 8, 2025, West Red Lake Gold Mines published the results of a Preliminary Economic Assessment at its 100%-owned Rowan project. The Rowan Project is 80 km by road from the operating Madsen Mine and mill. "Rowan is a high-grade, relatively wide, nearly vertical deposit that starts at surface, and this PEA captures how such designed-for-mining [...]
West Red Lake Gold is pleased to announce the positive results of a Preliminary Economic Assessment prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects for a toll milling mine operation at its 100%-owned Rowan project. The effective date of the PEA is June 30th, 2025, and a technical report relating to the PEA will be filed on SEDAR+ within 45 days of this news release [...]
West Red Lake Gold Mines provides an update on ramp-up operations at the Madsen Mine in Red Lake, Ontario. Following the fatal incident at site on the morning of June 16th, the mine and mill were both shut down. The mill restarted after approximately 40 hours. The mine restarted 12 hours after the mill, ramping up to full operations based on personnel availability and within a safety-first structure. "With the clear [...]
