West Red Lake Gold Mines focuses on acquiring and developing gold assets in Ontario’s Red Lake district, with the Madsen Mine as its flagship asset. The company aims to bring Madsen into production quickly by using the existing permits and large infrastructure, and by de-risking the project through extensive drilling and development. Its unique angle comes from purchasing a fully permitted, historic asset at a low cost after a bankruptcy and restart failure, then applying a targeted plan to unlock production rather than starting from scratch. The leadership, including President and CEO Shane Williams, seeks to ramp up output to become a key Red Lake producer with a sustainable operation and added value for shareholders.
Company Size
51-200
Company Stage
IPO
Headquarters
Toronto, Canada
Founded
1979
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