Business
Gold Hits CAD $4,500 as West Red Lake Gold Targets 2025 H2 Production
(TheNewswire) Vancouver, BC, April 14, 2025 – TheNews w ire - Sponsored content di...
About this update from West Red Lake Gold Mines Ltd
[{"type":"text","content":"Gold Hits CAD $4,500 as West Red Lake Gold Targets 2025 H2 Production\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, BC, April 14, 2025 – TheNews\n \n w\n \n ire -\nSponsored content disseminated on behalf of West Red Lake Gold. On\nApril 9, 2025, West Red Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF)\nupdated the market on its\n \n 22-month accelerated ramp-up to production\n \n .\n \n\n West Red Lake Gold is one of only four single-asset companies putting\na new gold mine into production in 2025.\n \n\n In the last 12 months WRLG has de-watered, drilled, developed, tested,\nbulk-mined and completed a tailings dam lift at the Madsen site, as\nthe price of gold has risen 37% from USD $2,300 to USD $3,150. The\nspot price of gold is now $4,500 Canadian dollars.\n \n\n “Gold is currently the ultimate safe haven, together with JPY, EUR,\nand CHF, as worries about U.S. fiscal stability and rising inflation\nrender U.S. Treasury bonds useless as a haven investment,”\n \n stated Ole Hansen\n \n , Head of Commodity Strategy at\nSaxo Bank.\n \n\n Typically, when there is a flight to gold, the gold juniors (NYSE:\nGDXJ) outperform bullion and big-cap miners.\n \n\n\n\n\n\n\n Click Image To View Full Size\n \n\n\n “We bought a complicated asset, assessed needs, and got to work,”\nstated WRLG President and CEO Shane Williams in the April 9, 2025\npress release. “Our plan has always been\n \n to restart Madsen as a sustainable\nmine\n \n . With anticipated production just months away, we are on\ntrack to deliver this project from\n \n purchase to production in only two years\n \n .”\n \n\n In this April 11, 2025 video, VP of Communications Gwen Preston gives\ncontext to the pre-production updates.\n \n\n\n\n\n\n\n\n “In addition to the stated goals, we also purchased and commissioned\n19 major pieces of underground equipment at a cost of $5.7 million,”\nstated Preston, “We implemented a new company-wide Enterprise\nResource Planning system and we developed a mine site workforce that\nis now over 200 people.”\n \n\n “We have said from the start that we intended to restart the Madsen\nmine in 2025. With all of these accomplishments, we are on track to\nramp this operation up through the second half of the ...