Northwest Ontario Red Lake District Gold Miner Reports Q1 Revenue Beat as Underground Development Advances Toward H2 Production Ramp

• •That could be a real turning point for them.
• •On one hand, securing that financing earlier this year for the mill and underground work does show commitment.
• •On the other, "advancing development" can mean a lot of things.

Hey everyone, just read this article about West Red Lake Gold's Q1 results and wanted to get your take: Northwest Ontario Red Lake District Gold Miner Reports Q1 Revenue Beat as Underground Development Advances Toward H2 Production Ramp

I've been keeping an eye on the Red Lake district for a while now, given its reputation, and it's good to see some positive numbers coming out of Madsen. CA$41.8MM in Q1 revenue and CA$14.4MM adjusted EBITDA is definitely a beat, especially with the talk of underground development advancing for a H2 production ramp. That could be a real turning point for them. I've been burned before by junior miners with promising projects that never quite materialized, so I'm always cautiously optimistic about these development stories. On one hand, securing that financing earlier this year for the mill and underground work does show commitment. On the other, "advancing development" can mean a lot of things. My retirement portfolio's got a small allocation to gold, and I'm always looking for solid operators. This one has my attention, but I'm thinking about my kids' college fund here, so I'm doing my due diligence.

What are your thoughts on West Red Lake Gold? Anyone here invested in them or other Red Lake area miners? Does this Q1 report give you more confidence in their H2 production targets, or are there still some red flags you're seeing? Curious to hear if anyone has more boots-on-the-ground info or analyst opinions.