West Red Lake Gold Announces Positive Pre-Feasibility Study Results for Madsen Gold Mine with $315M After-Tax NPV and $70M Average Annual Free Cash Flow
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West Red Lake Gold Mines Ltd. announced positive pre-feasibility study results for its Madsen Gold Mine, with a $315M after-tax NPV and $70M average annual free cash flow, indicating a strong financial outlook for the project.
January 07, 2025 | 3:30 pm
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West Red Lake Gold Mines Ltd. announced a positive pre-feasibility study for its Madsen Gold Mine, projecting a $315M after-tax NPV and $70M average annual free cash flow, suggesting a strong financial future for the project.
The positive pre-feasibility study results indicate a strong financial outlook for the Madsen Gold Mine, which is likely to boost investor confidence and positively impact the stock price of West Red Lake Gold Mines Ltd. in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100