West Red Lake Gold Mines
West Red Lake Gold Mines Inc., an exploration stage company, focuses on the exploration and development of gold deposits in the Red Lake Gold District of Northwestern Ontario, Canada. The last earnings update was 20 days ago. More info.
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- West Red Lake Gold Mines has significant price volatility in the past 3 months.
RLG Share Price and Events
7 Day Returns
1 Year Returns
RLG Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| West Red Lake Gold Mines (RLG) | -5.3% | -10% | 63.6% | 0% | -50% | - |
| CA Metals and Mining | 0.1% | 1.5% | 10.1% | -7.9% | 5.7% | -23.5% |
| CA Market | 0.7% | 1.6% | 11.5% | -0.1% | 15.4% | 5% |
1 Year Return vs Industry and Market
- RLG outperformed the Metals and Mining industry which returned -7.9% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
- It is not possible to calculate the future cash flow value for West Red Lake Gold Mines. This is due to cash flow or dividend data being unavailable. The share price is CA$0.09.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for West Red Lake Gold Mines's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
West Red Lake Gold Mines's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in CAD | CA$0.00 |
| CNSX:RLG Share Price ** | CNSX (2019-03-18) in CAD | CA$0.09 |
| Canada Metals and Mining Industry PE Ratio | Median Figure of 115 Publicly-Listed Metals and Mining Companies | 13.41x |
| Canada Market PE Ratio | Median Figure of 542 Publicly-Listed Companies | 14.84x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of West Red Lake Gold Mines.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = CNSX:RLG Share Price ÷ EPS (both in CAD) = 0.09 ÷ 0.00 |
-22.81x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- West Red Lake Gold Mines is loss making, we can't compare its value to the CA Metals and Mining industry average.
- West Red Lake Gold Mines is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does
West Red Lake Gold Mines's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -22.81x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
Not available |
| Canada Metals and Mining Industry PEG Ratio | Median Figure of 35 Publicly-Listed Metals and Mining Companies | 0.69x |
| Canada Market PEG Ratio | Median Figure of 251 Publicly-Listed Companies | 1.2x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for West Red Lake Gold Mines, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
West Red Lake Gold Mines's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in CAD | CA$0.10 |
| CNSX:RLG Share Price * | CNSX (2019-03-18) in CAD | CA$0.09 |
| Canada Metals and Mining Industry PB Ratio | Median Figure of 1,081 Publicly-Listed Metals and Mining Companies | 1.45x |
| Canada Market PB Ratio | Median Figure of 2,348 Publicly-Listed Companies | 1.57x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = CNSX:RLG Share Price ÷ Book Value per Share (both in CAD) = 0.09 ÷ 0.10 |
0.95x |
* Primary Listing of West Red Lake Gold Mines.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- West Red Lake Gold Mines is good value based on assets compared to the CA Metals and Mining industry average.
Value checks
We assess West Red Lake Gold Mines's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check) West Red Lake Gold Mines has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as West Red Lake Gold Mines has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Unable to compare West Red Lake Gold Mines's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
- Unable to compare West Red Lake Gold Mines's earnings growth to the Canada market average as no estimate data is available.
- Unable to compare West Red Lake Gold Mines's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| Canada Metals and Mining Industry Earnings Growth Rate | Market Cap Weighted Average | 33.7% |
| Canada Metals and Mining Industry Revenue Growth Rate | Market Cap Weighted Average | 6.9% |
| Canada Market Earnings Growth Rate | Market Cap Weighted Average | 17.9% |
| Canada Market Revenue Growth Rate | Market Cap Weighted Average | 6.8% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | -1 | 0 | |
| 2018-09-30 | -1 | -1 | |
| 2018-06-30 | -1 | -1 | |
| 2018-03-31 | -1 | -1 | |
| 2017-12-31 | -1 | -1 | |
| 2017-09-30 | -1 | -1 | |
| 2017-06-30 | -1 | -2 | |
| 2017-03-31 | -2 | -2 | |
| 2016-12-31 | -1 | -2 | |
| 2016-09-30 | -1 | -1 | |
| 2016-06-30 | -1 | -1 | |
| 2016-03-31 | 0 | 0 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from West Red Lake Gold Mines Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.00 |
| 2018-09-30 | 0.00 |
| 2018-06-30 | -0.01 |
| 2018-03-31 | -0.01 |
| 2017-12-31 | -0.01 |
| 2017-09-30 | -0.01 |
| 2017-06-30 | -0.02 |
| 2017-03-31 | -0.02 |
| 2016-12-31 | -0.02 |
| 2016-09-30 | -0.01 |
| 2016-06-30 | -0.01 |
| 2016-03-31 | 0.00 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if West Red Lake Gold Mines will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess West Red Lake Gold Mines's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
West Red Lake Gold Mines has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has West Red Lake Gold Mines performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- West Red Lake Gold Mines does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare West Red Lake Gold Mines's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare West Red Lake Gold Mines's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
All data from West Red Lake Gold Mines Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | -0.48 | 0.47 | ||
| 2018-09-30 | -0.60 | 0.55 | ||
| 2018-06-30 | -0.62 | 0.58 | ||
| 2018-03-31 | -0.99 | 0.78 | ||
| 2017-12-31 | -1.12 | 0.88 | ||
| 2017-09-30 | -1.47 | 1.19 | ||
| 2017-06-30 | -2.00 | 1.78 | ||
| 2017-03-31 | -2.00 | 1.89 | ||
| 2016-12-31 | -1.77 | 1.71 | ||
| 2016-09-30 | -1.22 | 1.27 | ||
| 2016-06-30 | -0.65 | 0.61 | ||
| 2016-03-31 | -0.21 | 0.23 | ||
| 2015-12-31 | -0.19 | 0.24 | ||
| 2015-09-30 | 0.00 | 0.28 | ||
| 2015-06-30 | -0.44 | 0.28 | ||
| 2015-03-31 | -0.45 | 0.29 | ||
| 2014-12-31 | -0.36 | 0.32 | ||
| 2014-09-30 | -0.48 | 0.27 | ||
| 2014-06-30 | -0.24 | 0.27 | ||
| 2014-03-31 | -0.31 | 0.34 | ||
| 2013-12-31 | -0.42 | 0.32 | ||
| 2013-09-30 | -0.55 | 0.38 | ||
| 2013-06-30 | -0.50 | 0.42 | ||
| 2013-03-31 | -0.59 | 0.52 | ||
| 2012-12-31 | -0.63 | 0.57 | ||
| 2012-09-30 | -0.66 | 0.58 | ||
| 2012-06-30 | -1.01 | 0.63 | ||
| 2012-03-31 | -1.17 | 0.72 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if West Red Lake Gold Mines has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if West Red Lake Gold Mines has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if West Red Lake Gold Mines improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess West Red Lake Gold Mines's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
West Red Lake Gold Mines has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is West Red Lake Gold Mines's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up West Red Lake Gold Mines's finances.
The net worth of a company is the difference between its assets and liabilities.
- West Red Lake Gold Mines's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- West Red Lake Gold Mines's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- West Red Lake Gold Mines has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from West Red Lake Gold Mines Company Filings, last reported 2 months ago.
| Date (Data in CAD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 12.25 | 0.00 | 0.15 |
| 2018-09-30 | 11.99 | 0.00 | 0.04 |
| 2018-06-30 | 11.88 | 0.00 | 0.37 |
| 2018-03-31 | 11.98 | 0.00 | 0.67 |
| 2017-12-31 | 11.99 | 0.00 | 0.86 |
| 2017-09-30 | 11.49 | 0.00 | 0.21 |
| 2017-06-30 | 11.28 | 0.22 | 0.77 |
| 2017-03-31 | 11.38 | 0.22 | 0.87 |
| 2016-12-31 | 11.61 | 0.21 | 1.55 |
| 2016-09-30 | 11.22 | 0.20 | 1.22 |
| 2016-06-30 | 9.92 | 0.22 | 0.70 |
| 2016-03-31 | 9.38 | 0.20 | 0.52 |
| 2015-12-31 | 8.79 | 0.19 | 0.04 |
| 2015-09-30 | 8.81 | 0.18 | 0.02 |
| 2015-06-30 | 8.72 | 0.16 | 0.00 |
| 2015-03-31 | 8.79 | 0.15 | 0.03 |
| 2014-12-31 | 8.78 | 0.14 | 0.06 |
| 2014-09-30 | 8.30 | 0.15 | 0.06 |
| 2014-06-30 | 8.65 | 0.14 | 0.01 |
| 2014-03-31 | 8.71 | 0.14 | 0.02 |
| 2013-12-31 | 8.70 | 0.13 | 0.07 |
| 2013-09-30 | 8.38 | 0.00 | 0.01 |
| 2013-06-30 | 8.52 | 0.00 | 0.02 |
| 2013-03-31 | 8.71 | 0.00 | 0.05 |
| 2012-12-31 | 8.68 | 0.00 | 0.68 |
| 2012-09-30 | 8.23 | 0.00 | 0.30 |
| 2012-06-30 | 8.07 | 0.00 | 0.42 |
| 2012-03-31 | 8.18 | 0.00 | 0.59 |
- West Red Lake Gold Mines has no debt.
- West Red Lake Gold Mines has no debt compared to 5 years ago when it was 1.5%.
CASH RUNWAY ANALYSIS
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
- West Red Lake Gold Mines has less than a year of cash runway based on current free cash flow.
- West Red Lake Gold Mines has less than a year of cash runway if free cash flow continues to grow at historical rates of 13.1% each year.
Financial health checks
We assess West Red Lake Gold Mines's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) West Red Lake Gold Mines has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is West Red Lake Gold Mines's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
CA$2,000 of
West Red Lake Gold Mines
shares you are expected to receive
CA$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate West Red Lake Gold Mines's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate West Red Lake Gold Mines's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Canada Metals and Mining Industry Average Dividend Yield | Market Cap Weighted Average of 28 Stocks | 1.2% |
| Canada Market Average Dividend Yield | Market Cap Weighted Average of 331 Stocks | 3.6% |
| Canada Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Canada Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Canada Top 25% Dividend Yield | 75th Percentile | 5.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as West Red Lake Gold Mines has not reported any payouts.
- Unable to verify if West Red Lake Gold Mines's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess West Red Lake Gold Mines's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can West Red Lake Gold Mines afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) West Red Lake Gold Mines has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | CA$60,000 |
CEO Bio
Mr. Thomas Wright Meredith, also known as Tom, has been Executive Chairman of West Red Lake Gold Mines Inc. since August 31, 2013 and as its Executive Director since October 2012. Mr. Meredith serves as Strategic Advisor of McLaren Resources Inc. Mr. Meredith serves as the President of Vedron Gold Inc., a gold exploration company. He served as the Chief Executive Officer of Lexam VG Gold Inc. (formerly VG Gold Corp.) since 1995 until December 27, 2011 and served as its President from 1995 to December 27, 2011. Mr. Meredith served as an Acting Chief Financial Officer of Lexam VG Gold Inc. He has 30 years experience in the junior mining industry. Prior to VG Gold, he served as Vice President of Operations for Northfield Metals Inc., where he was responsible for initiating production at the Cheminis Gold Mine near Kirkland Lake, Ontario. He served as the Chairman of the Board at West Red Lake Gold Mines Inc. from October 18, 2012 to August 31, 2013. He was a Director of Highvista Gold Inc. since July 28, 2015 until December 2018. He has been an Independent Director at Grid Metals Corp. (formerly, Mustang Minerals Corporation) since 1996. He served as a Director of Lexam VG Gold Inc. from August 8, 1994 to May 8, 2012.
CEO Compensation
- Tom's compensation has been consistent with company performance over the past year.
- Tom's remuneration is lower than average for companies of similar size in Canada.
Management Team
Tom Meredith
Executive Chairman
CA$60K
John Kontak
President & Director
CA$60K
5 yrs
Nadim Wakeam
Corporate Counsel
65
8 yrs
Alex Falconer
Consultant
CA$6K
59
Ken Guy
Exploration Manager
Board of Directors Tenure
Average tenure of the West Red Lake Gold Mines board of directors in years:
- The tenure for the West Red Lake Gold Mines board of directors is about average.
Board of Directors
Tom Meredith
Executive Chairman
CA$60K
6.4 yrs
John Kontak
President & Director
CA$60K
3.4 yrs
John Heslop
Vice Chairman
CA$76K
2.8 yrs
Dan Crandall
Director
CA$22K
35
3.8 yrs
Mike Dehn
Director
CA$27K
49
9.4 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (CA$) | Value (CA$) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess West Red Lake Gold Mines's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) West Red Lake Gold Mines has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Do Institutions Own Shares In West Red Lake Gold Mines Inc (CNSX:RLG)?
If you want to know who really controls West Red Lake Gold Mines Inc (CNSX:RLG), then you'll have to look at the makeup of its share registry. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … West Red Lake Gold Mines is a smaller company with a market capitalization of CA$7m, so it may still be flying under the radar of many institutional investors.
Simply Wall St - – Full articleWho Are The Largest Shareholders In West Red Lake Gold Mines Inc (CNSX:RLG)?
In this analysis, my focus will be on developing a perspective on West Red Lake Gold Mines Inc’s (CNSX:RLG) latest ownership structure, a less discussed, but important factor. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … See our latest analysis for West Red Lake Gold Mines
Simply Wall St - – Full articleCompany Info
Description
West Red Lake Gold Mines Inc., an exploration stage company, focuses on the exploration and development of gold deposits in the Red Lake Gold District of Northwestern Ontario, Canada. It holds interests in the West Red Lake project that consists of three contiguous properties covering an area of 3,100 hectares located in Red Lake mining division, District of Kenora, Northwestern Ontario. The company was formerly known as Hy Lake Gold Inc. and changed its name to West Red Lake Gold Mines Inc. in June 2012. West Red Lake Gold Mines Inc. was incorporated in 1991 and is based in Toronto, Canada.
Details
| Name: | West Red Lake Gold Mines Inc. |
| RLG | |
| Exchange: | CNSX |
| Founded: | 1991 |
| CA$11,738,916 | |
| 130,432,400 | |
| Website: | http://www.westredlakegold.com |
| Address: |
West Red Lake Gold Mines Inc. 82 Richmond Street East, Suite 200, Toronto, Ontario, M5C 1P1, Canada |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| CNSX | RLG | Common Shares | Canadian National Stock Exchange | CA | CAD | 03. Jan 2001 | |
| OTCPK | RLGM.F | Common Shares | Pink Sheets LLC | US | USD | 03. Jan 2001 | |
| DB | HYK | Common Shares | Deutsche Boerse AG | DE | EUR | 03. Jan 2001 |
Number of employees
Current staff
Industry
| Gold | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/19 00:32 |
| End of day share price update: | 2019/03/18 00:00 |
| Last earnings filing: | 2019/02/27 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/09/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
