West Red Lake Gold Mines Ltd. (WRLG) Financings
TSXV: WRLG · Gold · Production stage
- Market cap$303.1M
- Share price$0.730
- 52-week range$0.590 – $1.49
- Shares outstanding415,201,585
- ExchangeTSXV
- Websitewww.westredlakegold.com
West Red Lake Gold Mines Ltd. is a Canadian gold producer and developer advancing a high-grade, district scale opportunity in the Red Lake district of Ontario. The Company's flagship Madsen Mine has recently achieved commercial production and is positioned as the central hub of a growing multi asset platform. The Company controls a 47 km² land package in one of the world's most prolific mining districts, which has historically produced over 20 million ounces of gold from high grade systems 1. West Red Lake also owns the Rowan Property in Red Lake, covering 31 km² that includes three past producing mines (Rowan, Mount Jamie and Red Summit) and represents a key source of future production growth.
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West Red Lake Gold Mines Ltd. financial statements
Key figures read from 41 of 41 financial statement filings, Oct 28, 2016 to Aug 25, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| Dec 2025 thousands | Dec 2024 | Nov 2023 | Nov 2022 | Nov 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$42,438 | C$36,880,004 | C$16,308,858 | C$1,641,230 | C$2,017,332 |
| Total current assets | C$59,346* | C$41,536,549* | C$19,189,367* | — | — |
| Total current liabilities | C$50,444 | C$26,680,124 | C$13,065,340 | — | — |
| Working capital | C$8,902 | C$14,856,425 | C$6,124,027 | — | — |
| Exploration and evaluation assets | C$213,228 | C$18,267,912 | C$18,257,912 | — | — |
| Property, plant and equipment | C$1,054 | C$247,162 | C$60,395,568 | — | — |
| Total assets | C$273,798 | C$136,892,494 | C$98,012,760 | C$1,859,457 | C$2,019,831 |
| Debt | C$44,200 | C$18,913,101 | — | — | — |
| Total liabilities | C$176,714 | C$107,429,605 | C$31,978,356 | C$71,433 | C$39,498 |
| Shareholders' equity | C$97,084 | C$29,462,889 | C$66,034,404 | C$1,788,024 | C$1,980,333 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Nov 2023 | FY Nov 2022 | FY Nov 2021 | FY Nov 2020 | FY Nov 2019 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$22,810,001 | — | — | — | — |
| General and administrative | C$1,578,935 | C$190,230 | C$176,253 | C$220,888 | C$172,713 |
| Share-based compensation | C$3,622,876 | — | — | — | — |
| Net income (loss) | (C$32,506,639) | (C$192,309) | (C$177,279) | (C$226,701) | (C$153,007) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Nov 2023 | FY Nov 2022 | FY Nov 2021 | FY Nov 2020 | FY Nov 2019 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$26,145,558)* | (C$203,086)* | (C$196,194)* | (C$224,401)* | (C$151,650)* |
| Investing cash flow | (C$4,392,679)* | (C$173,016)* | C$15,000* | C$0* | — |
| Financing cash flow | C$45,205,865* | — | — | — | C$22,000* |
| Exploration spending (capitalized) | — | — | (C$15,000) | C$0 | — |
| Property, plant and equipment spending | (C$190,847) | — | — | — | — |
| Proceeds from share issues | C$44,597,259 | — | — | — | — |
| Change in cash | C$14,667,628 | (C$376,102) | (C$181,194) | (C$224,401) | (C$129,650) |
| Cash at end of period | — | — | — | — | C$2,422,927 |
* Calculated from the statement's own lines: the company did not print this total with a label.
No financings are on record for West Red Lake Gold Mines Ltd. yet.