Developing Elite Team to Build The Next Canadian Producer... Big news release today by West Red Lake Gold Mines.
They've successfully completed the transaction for Madsen, effectively increasing their total reserves across all of the company's projects to over 2 million ounces. This comes with the infrastructure in place to initiate production whenever the company thinks its appropriate.
Adding Tony Makuch, in addition to the other industry heavyweights they've recruited, will significantly contribute to their success. Given these developments, this is going to be a fun ride in the years ahead. This is a star-studded team in a iconic gold camp.
This has a SP of dollars in the near future written all over it.
For anyone unfamilar with Tony:
Mr. Makuch has over 35 years of mining industry experience, is the CEO and Director of Discovery Silver Corp and was previously President, CEO and Director of Kirkland Lake Gold Ltd.
During his five-year tenure as CEO of Kirkland Lake, Mr. Makuch led the transformation of the company, with annual gold production increasing from 315,000 oz to over 1,400,000 oz, the market capitalization of the company increasing from approximately C$1 billion to over C$13 billion and Kirkland's share price increasing over 530%. These milestones were achieved through two successful acquisitions, industry-leading operational performance and significant exploration success and ultimately culminated in Kirkland's merger with Agnico Eagle Mines Limited in 2022.