West Red Lake Gold Mines Ltd
West Red Lake Gold Mines Ltd is a Canadian-based gold mining company that operates in the mineral resources sector, primarily generating revenue through the extraction and sale of gold.
Business. West Red Lake Gold Mines Ltd (WRLG.V) is a gold mining company operating within the Basic Materials sector. The company is listed on the TSX Venture Exchange. Specific details regarding its operating segments, headquarters location, and geographic revenue mix are not provided in the available data.
Analyst recommendations
3 analysts · consensus BuyAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
West Red Lake Gold Mines Ltd (WRLG.V) is a gold mining company operating within the Basic Materials sector. The company is listed on the TSX Venture Exchange. Specific details regarding its operating segments, headquarters location, and geographic revenue mix are not provided in the available data.
The company's capital structure is characterized by a relatively low debt-to-equity ratio of 0.11, indicating a conservative leverage position. However, its liquidity position is weak, with a current ratio of 0.56, suggesting that the company may struggle to meet its short-term obligations. The company's cash and equivalents amount to CAD 3,848,320, which is significantly lower than its total liabilities of CAD 32,888,650, resulting in a negative net cash position after subtracting total debt.
Profitability metrics are negative, with a return on equity of -27.31% and a return on assets of -17.15%. These figures indicate that the company is not generating returns for its shareholders or effectively utilizing its assets. The operating and net income are both negative, at CAD -15,089,970 and CAD -15,160,870, respectively, highlighting the company's ongoing financial challenges.
The company's revenue is primarily concentrated in the gold mining segment, with no disclosed geographic diversification. This lack of diversification increases the company's exposure to market fluctuations in the gold sector. The absence of detailed segment or geographic breakdowns in the financial data limits the ability to assess the company's risk profile comprehensively.
The company's growth trajectory is uncertain, with no specific revenue growth projections provided. The operating cash flow is negative at CAD -12,089,160, and the free cash flow is also negative at CAD -14,879,350, indicating that the company is not generating sufficient cash to sustain operations or fund growth initiatives. The capital expenditure of CAD -38,950 is minimal, suggesting limited investment in expansion or operational improvements.
The company faces several risk factors, including liquidity constraints and the potential for dilution. The risk assessment indicates a medium liquidity risk and a low dilution risk. The negative net cash position after subtracting total debt is a key flag, signaling potential difficulties in maintaining financial stability. The company's reliance on a single revenue stream and the absence of strong analyst recommendations further exacerbate these risks.
Recent events and disclosures include analyst estimates that suggest a mixed outlook, with a mean price target of CAD 1.83 and a median price target of CAD 2.20. The mean recommendation is 2.33, indicating a cautious stance among analysts. There are no strong buy recommendations, with two buy and one hold recommendation, reflecting the market's uncertainty about the company's future performance.
- The company has a negative return on equity and return on assets, indicating poor profitability.
- The company's liquidity position is weak, with a current ratio of 0.56 and a negative net cash position.
- The company's revenue is concentrated in the gold mining segment, increasing its exposure to market volatility.
- Analysts have a cautious outlook, with no strong buy recommendations and a mean price target of CAD 1.83.
- The company's capital expenditure is minimal, suggesting limited investment in growth or operational improvements.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Revenue C$103.4M; Operating income +122,3% YoY.
- ▍Revenue C$103.4M
- ▍Operating income +122,3% YoY
- ▍Net income +100,4% YoY
- ▍Free cash flow +44,6% YoY
- ▍Net margin 0.5%
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,24 |
| Revenue | —no estimate | —no estimate | 226,2M CAD |
| Operating income | —no estimate | —no estimate | —no estimate |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Return On Assetsnet_income / total_assets
- West Red Lake Gold Mines Ltd Market data — financials · 2026-05-30
- West Red Lake Gold Mines Ltd Market data — analyst estimates · 2026-05-30