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Home CompaniesWest Red Lake Gold Mines Ltd.

West Red Lake Gold Mines Ltd.

Basic Materials Gold
PortfolioPortfolio WatchlistWatchlist
Company price
0.56 CAD 0.03 ( 5.66%)
Last update at 2026-11-04T14:30:00Z
VOLUME
113522
Market Cap
413.86M

Momentum Score

…

West Red Lake Gold Mines Ltd. acquires, explores, evaluates, and develops gold properties in Canada. It holds interests in the Rowan property with 146 claims covering 3,100 hectares located in the Red Lake gold district of Northwestern Ontario, Canada. The company was formerly known as DLV Resources Ltd. and changed its name to West Red Lake Gold Mines Ltd. in December 2022. West Red Lake Gold Mines Ltd. is based in Vancouver, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.56
Low
0.57
High
52 Week Price Range
0.65
Low
1.49
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

West Red Lake Gold Mines Ltd. is a junior exploration company with claims in Ontario's Red Lake gold district focused on advancing gold targets through drilling and field work. Long-term growth may be driven by drill success in a historically productive mining region and by advancing projects toward resource definition and optionality for buyers or developers.

Key risks include high technical and execution uncertainty typical of early-stage explorers, dependence on external financing that may dilute shareholders, and the chance that drilling fails to define an economic deposit.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.53
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
0.00M
Debt / Equity
-
ROE
-3.60%
Net Debt
-
ROCE
-38.45%
Diluted EPS TTM
-0.38

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-11-30 2022-11-30 2021-11-30
Type yearly yearly yearly
Date 2023-11-30 2022-11-30 2021-11-30
Income before tax -32.51M -0.19M -0.18M
Net income -32.51M -0.19M -0.18M
Selling general administrative 9.19M 0.21M 0.19M
Gross profit -0.25M 0.00M -
Reconciled depreciation 0.25M 0.00M -
Operating income -32.66M -0.23M -0.20M
Interest expense 0.01M 0.00M -
Interest income 0.48M 0.04M 0.01M
Net interest income 0.47M 0.04M 0.01M
Total revenue 0.00M 0.00M 0.00M
Total operating expenses 32.66M 0.23M 0.20M
Cost of revenue 0.25M 0.00M -
Total other income expense net -0.31M - 0.01M
Net income from continuing ops -32.51M -0.19M -0.18M
Breakdown 2023-11-30 2022-11-30 2021-11-30
Type yearly yearly yearly
Date 2023-11-30 2022-11-30 2021-11-30
Total assets 98.01M 1.86M 2.02M
Total liab 31.98M 0.07M 0.04M
Total stockholder equity 66.03M 1.79M 1.98M
Capital stock 110.85M 20.71M 20.71M
Retained earnings -51.62M -19.12M -18.92M
Cash 16.31M 1.64M 2.02M
Total current liabilities 13.07M 0.07M 0.04M
Short long term debt 7.52M - -
Total current assets 19.19M 1.86M 2.02M
Net receivables - 0.01M 0.00M
Inventory 0.35M 0.00M -
Accounts payable - 0.07M 0.04M
Non currrent assets other 0.17M - -
Non current assets total 78.82M 0.00M 0.00M
Capital lease obligations 0.29M 0.00M -
Breakdown 2023-11-30 2022-11-30 2021-11-30
Type yearly yearly yearly
Date 2023-11-30 2022-11-30 2021-11-30
Net borrowings -0.10M 0.00M -
Total cash from financing activities 45.21M 0.00M -
Net income -32.51M -0.19M -0.18M
Change in cash 14.67M -0.38M -0.18M
Begin period cash flow 1.64M 2.02M 2.20M
End period cash flow 16.31M 1.64M 2.02M
Total cash from operating activities -26.15M -0.20M -0.20M
Issuance of capital stock 47.68M 0.00M -
Depreciation 0.25M 0.00M -
Dividends paid 0.00M - -
Change to inventory -0.35M 0.00M -
Capital expenditures 0.20M 0.00M 0.00M
Change in working capital 1.98M -0.01M -0.00M
Stock based compensation 3.62M 0.00M -
Other non cash items 0.27M - -
Free cash flow -26.35M -0.20M -0.20M

Peer Comparison*

Sector: Basic Materials Industry: Gold

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
WRLG
West Red Lake Gold Mines Ltd.		 0.03
5.66%		 0.56 - 3.89 130770.17 5.28 284566.79 -118.82
OMG
Omai Gold Mines Corp		 0.03
2.01%		 1.52 - - - 62.63 - -4.09
ASE
Asante Gold Corporation		 0.04
6.03%		 0.61 - 6.57 2.23 269.42 2.23 49.52
THX
Thor Explorations Ltd.		 0.06
6.98%		 0.92 3.41 2.77 2.87 1.88 1.80 2.44
MKO
Mako Mining Corp		 0.67
6.58%		 10.85 18.47 2.34 6.21 4.73 4.31 10.00

Profile*

West Red Lake Gold Mines Ltd.

West Red Lake Gold Mines Ltd. acquires, explores, evaluates, and develops gold properties in Canada. It holds interests in the Rowan property with 146 claims covering 3,100 hectares located in the Red Lake gold district of Northwestern Ontario, Canada. The company was formerly known as DLV Resources Ltd. and changed its name to West Red Lake Gold Mines Ltd. in December 2022. West Red Lake Gold Mines Ltd. is based in Vancouver, Canada.

595 Burrard Street, Vancouver, BC, Canada, V7X 1J1

604-609-6132

https://www.westredlakegold.com

Name Title Year Born
Mr. Thomas Wright Meredith Executive Non-Independent Chairman 1956
Mr. Shane James Williams M.Sc. President, CEO & Director 1975
Ms. Harpreet Kaur Dhaliwal C.A., CA, CPA Chief Financial Officer 1982
Mr. Maurice Mostert P.Eng. Vice President of Technical Services NA
Mr. William Robinson P.Geo. Vice President Exploration NA
Ms. Jasvir Kaur Kaloti Corporate Secretary 1971
Ms. Gwendolyn Preston Vice President of Communications NA
Mr. Jason Billan Vice President Corporate Development NA
Ms. Harpreet Kaur Dhaliwal C.A., CA, CPA CFO & Interim Corporate Secretary 1982
Mr. Thomas Wright Meredith Executive Non-Independent Chairman 1957

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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