Something big is happening in gold.
Gold isn’t just rising—it’s surging to record highs, with Donald Trump at the center.
This isn’t just another bull run. It’s not just central banks hoarding more reserves.
Western investors are flooding back in, flipping the gold market on its head.
For years, they sat out, offloading 30 million ounces1 while China, India, and central banks quietly stocked up.
Now, that’s changed—because Trump is changing everything.
Western investors are questioning if the long ascent in the overall markets will persist while the stock market flashes warning signs:
- A weakening dollar and looming Fed rate cuts are driving gold’s momentum.
- Trade wars, tariffs, and global tensions are adding to market uncertainty.2
- Trump’s new tariffs threaten to push costs higher, squeezing businesses and consumers.
- Stock market volatility is surging—with the Dow plunging nearly 900 points in a day3 with recession fears creeping in.
When markets get shaky, investors look for stability—which is why gold continues to reach new record-breaking highs.
Gold prices just soared past $3,048 per ounce, prompting top institutions to raise their forecasts.
Macquarie Group now predicts gold will climb to $3,500 per ounce in Q3,4 while UBS is calling for $3,200 gold as early as June.5
And as gold climbs, smart investors aren’t just looking at bullion—they’re seeking leverage.
But here’s where it gets even more interesting:
Gold Stocks Haven’t Caught Up—Yet
Historically, gold miners outperform physical gold in bull markets.
But right now, even as gold prices surge and mining margins approach 40%, gold stocks are still lagging behind the metal itself.
Why Are Gold Stocks Still Cheap?
The biggest gold buyers over the last two years—China, central banks, and the Middle East—don’t buy gold stocks.
That’s why, even as gold hits record highs, gold equities remain undervalued.
But record gold prices combined with stock market risks could prompt Western investors to look at gold for the first time in over a decade.
If that happens, it’s important to note that Western investors don’t just buy any gold stock—they look for leverage.
- New gold producers – Companies going from zero to production often see the biggest re-rates.
- High-cost producers – Their profit margins expand the most when gold prices surge.
- Large-cap gold miners – Big money flows into the biggest names first.
But here’s the challenge—most early-stage miners are still years from production.
Only four single-asset gold producers are set to come online in 2025, according to BMO Capital Markets.
One—Artemis’ Blackwater Mine—has already launched and the stock has re-rated. That leaves just three new producers.
And only one operates in a safe jurisdiction.
Enter West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF)—a junior miner gearing up for production in one of the world’s most prolific gold belts.
Gold is surging. Western investors are back. New producers are scarce.
That’s why West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) stands out as one of the most compelling gold stock setups in years.
Riding the Golden Runway Towards a Targeted Restart in Q2 2025
West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) is on the cusp of a major transformation, targeting a restart in Q2 2025 at its Madsen Gold Mine in Canada’s Red Lake Gold District.
That puts them on a short and desirable list since, as we mentioned, only a handful of gold companies are starting an initial mine or significantly increasing their production over the next 12 months.
It also means West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) – as a developer for now – is trading at a substantial discount to producers.
West Red Lake Gold Mines’ (TSXV:WRLG) (OTCQB:WRLGF) controls the 1.65-million-ounce Madsen Mine, sitting on a highly prospective 80 km² land package in one of the world’s most prolific gold belts.
It’s fully permitted. It’s a past-producing mine with 2.5 million ounces of historic gold production. And it contains what Mining.com has called one of the world’s highest-grade, undeveloped gold projects.
- 1.65 Moz gold (Indicated) at 7.4 g/t Au
- 366 Koz gold (Inferred) at 6.3 g/t Au
But the real story isn’t just about the asset itself—it’s about how close West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) is to production and how few investors realize it.
The Road to Production: Key Catalysts Ahead
The next few months will be pivotal for West Red Lake Gold Mines’ (TSXV:WRLG) (OTCQB:WRLGF) path to production.
- Pre-Feasibility Study (PFS) – January 2025
This critical study will solidify the restart plan, refine the mine plan, and confirm how quickly West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) can deliver gold production. - Bulk Sample Processing – March 2025
West Red Lake Gold Mines is already mining a bulk sample, which will be processed through the Madsen mill. This step has two major objectives:- To optimize mining efficiency ahead of full-scale production.
- To prove WRLG’s approach works and demonstrate that the mine will deliver ore at the expected grade and tonnage.
- Bulk Sample Results – Early April 2025
These results could serve as a major re-rating catalyst—if West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) proves that it can mine and process ore at the expected grade, the stock could move much closer to a producer valuation.
From there, West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) will shift to full-scale mining, ramping up ore stockpiles in preparation for a mid-2025 production start.
Mining and processing will continue to ramp up throughout H2 2025, with full production targeted by year-end.
The path forward is clear and a C$68 million financing package was recently announced to fully fund the project into production, underscoring the confidence in Madsen’s future.
The team has carefully calculated what is needed to transition the mine into a near-term production story, demonstrating both foresight and strategic planning.
And West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) is wasting no time.
Drilling, underground development, and test mining are all underway, building toward the company’s ambitious H2 2025 production target.
With heavyweight backers like legendary industry financier Frank Giustra, who owns a 9.4% stake, and a leadership team of industry pros from billion-dollar gold producers, West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) is quickly transforming Madsen into a producing gold mine.
The company’s CEO, Shane Williams, was COO of Skeena Resources when it advanced the past producing Eskay Creek Gold project toward a restart. Before that Williams was VP of Operations at Eldorado Gold, where he led builds of mines in Quebec, Turkey, and Greece. One of their Directors, Anthony Makuch, was CEO of Kirkland Lake Gold when it increased annual gold production by over 340% from 315 Koz to over 1.4 Moz.
Press Releases
- West Red Lake Gold director Makuch resigns
- Madsen Mine Update: Mill Restart and Key Operational Milestones Achieved
- West Red Lake Gold Intersects 114.26 g/t Au over 10.6m, 77.90 g/t Au over 3m and 24.48 g/t Au over 8.5m at South Austin – Madsen Mine
- West Red Lake Gold Announces Upsize to Previously Announced Bought Deal Public Offering
- West Red Lake Gold Announces $12.3 Million Bought Deal Public Offering of Charity Flow-Through Units
It takes time, expertise, and cash to start up a mine, even one that has lots of infrastructure already in place.
The Madsen Mine is buzzing with activity, and West Red Lake Gold Mines’ (TSXV:WRLG) (OTCQB:WRLGF) steady stream of updates proves it.
- Underground drilling is sharpening the definition of WRLG’s high-grade gold deposit ahead of production.
- Two surface rigs are targeting new discoveries, adding even more potential to this world-class asset.
- A 1.2-km underground tunnel is being blasted to streamline mining operations.
- The mill is being restarted, and critical infrastructure is being upgraded to support production.
The countdown to production has begun.
And every milestone brings West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) closer to gold production—and closer to a market re-rating.
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8 Key Traits
That Define a High-Potential Gold Stock Opportunity
Why Near-Term Producers are the Biggest Winners
In gold mining, timing is everything.
And the timing couldn’t be better for West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF).
It’s during this “golden runway” phase that substantial stock price appreciation happens—sometimes by double or even triple digits—as big money flows in to capitalize on the transition from development to production.
West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) exemplifies this potential. Unlike many projects that spend decades navigating discovery, permitting, and financing, they’re already past those hurdles.
With West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) targeting production at Madsen Mine targeting production in 2025, the company is rapidly moving toward becoming a fully financed gold producer.
Not many investors realize just how rare this opportunity is. Less than 1 in 10,000 exploration projects ever becomes a producing mine, making near-term producers like West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) stand out.
Right now, the company’s share price and market cap remains lower than its peers, representing significant upside potential as milestones like the Pre-Feasibility Study (PFS) and mine restart drive its valuation higher.
Just take a look at other gold miners that have seen significant appreciation as they transition into production:
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- Artemis Gold: Up 225% since June 2023 as it nears production at its Blackwater Mine in British Columbia, Canada.28
- SilverCrest Metals: After putting the Las Chispas Mine in Mexico into production in Nov 2022, SILV shares skyrocketed 89%, resulting in a $1.7 billion buyout in October29
- G Mining Ventures: Up 279% since beginning construction at the Tocantinzinho Gold Project in Brazil.30 The company poured its first gold in July 2024, further boosting investor confidence.
- Perseus Mining: Saw strong stock price appreciation leading up to its first gold pour at the Yaouré Gold Mine in Côte d’Ivoire in December 2020 and continued gains in 2021 and 2022 as it ramped up production.31
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These examples highlight how production milestones can transform undervalued gold stocks like West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) into breakout success stories.
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Leadership That’s Done This Before
West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) has the advantage of leadership that’s learned from past successes how to march the company forward to success.
8 Key Reasons
Why West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) Should Be On Your Radar
The biggest gold bull run in decades is accelerating, and West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) is perfectly positioned to ride the wave as it races toward its 2025 restart at the Madsen Mine.
Gold is breaking records. New producers are scarce. Western investors are piling in.
And West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) is set to become one of the only new gold producers of 2025—right as the market is demanding fresh production.
This is exactly where smart money goes in a gold bull market. A near-term producer, high-grade gold, a fully built mine, and a leadership team that’s delivered before.
With every major milestone—bulk sample results, mine restart, and first gold pour—this stock is expected to attract serious attention.
The window of opportunity is narrowing fast.
As gold prices soar and West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) moves toward production, the market won’t ignore this story for long.
For market watchers looking for a high-leverage gold play with massive upside potential, West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) is one to eep a close eye on—before the market catches up.
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