Recorded on July 8 2026 live at the Rule Symposium 2026
TSX Venture Exchange: WRLG
OTCQX: WRLGF
Host disclosure: Steve Yang states in this interview that he is an investor in West Red Lake Gold.
West Red Lake Gold CEO, President & Director Shane Williams joins Steve Yang to explain how the company acquired the Madsen Mine out of bankruptcy and returned the operation to production in Ontario’s historic Red Lake Gold District. Williams discusses the reported $350 million previously invested in the project, approximately $150 million in tax losses, and the company’s reported $6 million acquisition price. He outlines the transition into commercial production, underground tonnage growth, mill capacity, surface stockpiling, quarterly production updates, and the potential for a market rerating as operating results develop. The conversation also covers the outlook for gold and silver following a strong market run and why Williams expects a consolidation period before another possible move higher. Williams explains why experienced mine builders and operators are central to West Red Lake Gold’s strategy and reviews his background advancing mining projects into production. He also discusses the planned combination of Madsen’s production profile with the longer-term growth potential of the Rowan Property and the company’s broader consolidated Red Lake strategy. #Millettian
KEY TOPICS
Gold and silver market sentiment
The Red Lake Gold District
The Madsen Mine restart
Bankruptcy acquisition strategy
Commercial production and ramp-up
Underground tonnage and mill capacity
Quarterly operating updates
Potential production-led rerating
Shane Williams’ mine-building background
Madsen and Rowan growth strategy
Buying overlooked mining assets
Management and operating-team execution
WEST RED LAKE GOLD
Website https://westredlakegold.com/
X https://x.com/WestRedLakeGold
LinkedIn https://www.linkedin.com/company/west-red-lake-gold/
HOST STEVE YANG NATURAL RESOURCE STOCKS
Website https://www.NaturalResourceStocks.net
YouTube Main https://www.youtube.com/@naturalresourcestocks
YouTube World https://www.youtube.com/@NaturalResoureStocksWorld
X https://x.com/JustSteveYang
LinkedIn https://www.linkedin.com/in/thesteveyang/
NRS LinkedIn https://www.linkedin.com/company/naturalresourcestocks-net/
NRS Facebook https://www.facebook.com/people/Natural-Resource-Stocks/100090526686713/
NRS TikTok https://www.tiktok.com/@natural.resource.stocks
NRS Instagram https://www.instagram.com/naturalresourcestocks/
CHAPTERS
0:00 Bought for $6 Million
0:57 Steve Yang Introduces Shane Williams
1:35 Gold Market Sentiment
2:14 Gold and Silver Consolidation
2:52 West Red Lake Gold Overview
3:28 Madsen Mine Bankruptcy Acquisition
4:22 Commercial Production and Rerating
5:10 Grades, Tonnage and Mill Ramp-Up
5:45 Why West Red Lake Gold Stands Out
6:53 Shane Williams’ Mine-Building Background
8:26 Production Growth and Rowan
9:29 Buying Distressed Mining Assets
10:21 Why the Team Can Succeed
10:59 Company Website and Listings
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