West Red Lake Getting Ready to Restart Production & Cash Flow at Madsen Mine w/CEO Shane Williamson
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We sat down with Shane Williams, CEO of West Red Lake Gold Mines (🇺🇸WRLGF -- 🇨🇦WRLG), for a significant update on the company’s journey to production and cash flow. Here's what we learned:  🔑 Upcoming Production Milestone West Red Lake Gold is set to restart its high-grade Madsen Mine in mid-2025, positioning itself as one of the few Canadian gold projects entering production during a period of rising gold prices. With potential gold prices reaching $3,000/oz, the timing couldn’t be better. 💡 Key Developments & Exploration Success Significant progress on capital projects, including the innovative connection drift to unify operations for efficiency and exploration. Exciting exploration results from the Upper 8 Zone, showcasing high-grade intersects (21+ g/t) that promise to add value to the mine’s overall grade of 7–11 g/t. The company is targeting annual production of 70,000 ounces at an AISC of $1,400/oz, offering a near 50% profit margin at current gold prices. Shane believes that the market has not yet factored this into the company's share price. Click here to go to WRLG's site and receive notifications of the latest developments on the company's path to production. )   **Disclaimer: West Red Lake Gold Mines has sponsored this video production. No questions were exchanged prior to the interview. The forward-looking statements in West Red Lake Gold Mines' presentation apply to the content of this interview and write-up. The content on FinancialSurvivalNetwork.com (FSN) is for informational purposes only and should not be considered personal legal or investment advice, or a recommendation to buy or sell securities or any other products. It is based on opinions, SEC filings, current events, press releases, and interviews but may contain errors. FSN offers no inferred or explicit warranty regarding the accuracy of the information presented. Consult your investment advisor and do not base any investment decisions on the information contained herein or on FinancialSurvivalNetwork.com. We may hold equity positions in some of the companies featured on this site. FSN disclaims any responsibility for the content of any linked website. Use any information on FinancialSurvivalNetwork.com at your own risk. By reading this disclaimer, you agree to hold FSN harmless for any losses you may incur.