West Red Lake’s Madsen mine enters commercial production

West Red Lake Gold Mines’ (TSXV: WRLG) states its front runner mine in Ontario has actually formally gotten to industrial manufacturing, regarding 7 months after its choice to reactivate the procedure.

In a declaration Monday, the Canadian gold miner validated that its Madsen mine in the Red Lake area of northwestern Ontario has actually remained in industrial manufacturing because the brand-new year.

The landmark was accomplished after the mill at Madsen satisfied the business’s functional needs throughout the last month of 2025, as it ran at 86% of its allowed throughput of 800 tonnes each day and balanced 94.6% in gold healings, providing gold manufacturing of 3,215 oz.

” Accomplishing industrial manufacturing is a significant landmark for any kind of manufacturer, and it follows a solid December that saw tonnage, quality, healings, and manufacturing all execute to strategy,” West Red Lake chief executive officer Shane Williams claimed in a press release.

He included that the business “will certainly remain to increase from this solid base,” which would certainly cause the mill reaching its continual allowed capability by mid-2026.

West Red Lake Gold Mines got 5.8% since noontime trading in Toronto, offering the business a market capitalization of C$ 436.4 million ($ 314.5 million). At C$ 1.10 a share, the supply is near its 52-week high of C$ 1.18.

Historical mine

Found in the Red Lake mining area, the Madsen mine was a historical gold manufacturer going back to The second world war, generating a total amount of 2.5 million oz. in between 1938 and 1999. The mine was quickly back on the internet in 2021 by then-owner Pure Gold yet was closed down after a year as a result of set you back overuns.

In June 2023, West Red Lake handled the job and has actually because effectively finished examination mining and significant facilities jobs. The choice to reactivate procedures was announced last May, originally at 500 tonnes a day after that increase via the year.

Throughout 2025, the Madsen mine created regarding 20,000 oz. of gold, consisting of 7,000 oz. in the last quarter. 2026 support is anticipated at some time in the initial quarter, the business claimed.

Along with increase its manufacturing, Williams additionally kept in mind possibilities to “proceed producing worth” at Madsen via extra expedition. “We are piercing at Fork for bring that down payment right into the mine strategy this year,” he claimed, keeping in mind that the shaft is nearing procedure and job to day has “exposed a course to possibly boost shaft tonnage substantially in the tool term.”

” We are beginning to mark a brand-new top-quality location in Lower Austin called the 904 Complicated that resembles 4447, the top-quality location in South Austin that we progressed via interpretation exploration, mine style, and gain access to advancement within 8 months to ensure that today we are extracting this high-margin mineralization,” Williams claimed.