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Production / Operations

West Red Lake Gold Reports Third Quarter Operations Update for Madsen Mine Ramp-Up

By The Northwire Desk — AI Analysis Oct 07, 2025 · 03:30 WRLG · 0.94 West Red Lake Gold Mines Ltd.
WRLG · Price

Executive Summary

  • West Red Lake Gold reported Q3 2025 production of 35,700 t ore at 5.4 g/t Au, yielding 7,055 oz gold and CAD $33 M gross proceeds – a 34% increase over Q2.
  • Ramp‑up milestones were achieved: daily mined tonnage reached >1,000 t (record 1,400 t), underground waste rock storage is now operational, and the historic shaft is slated to begin moving 350 t/day in November.
  • Additional financing of C$40.65 M was completed via a bought‑deal public offering, supporting continued equipment deliveries and mine development toward commercial production in early 2026.

Key Details

  • Q3 Production: 35,700 t ore mined; average grade 5.4 g/t Au; mill poured 7,055 oz gold.
  • Revenue: Gold sold at US$3,456/oz for CAD $33 M gross proceeds (vs. CAD $24 M in Q2 and CAD $2.1 M in Q1).
  • Ramp‑Up Performance: Daily ore movement >1,000 t on several days; record 1,400 t/day achieved in September.
  • Underground Waste Rock Storage: Implemented mid‑Sept; now stores waste underground, freeing truck capacity for ore haulage and improving ventilation.
  • Shaft Rehabilitation: Square‑timbered Madsen shaft re‑opened; hoist components delivered Aug.; skip & scrolls expected Oct.; target 350 t/day ore outflow starting Nov.
  • Equipment Additions: Pending delivery of one 42‑t haul truck and two 4‑yd Komatsu scoops within next two months, completing planned fleet.
  • Sill Development: Averaged 8.8 g/t Au in Q3; contributed 25–30% of milled tonnage.
  • Grade Reconciliation: Strong alignment between modeled and actual longhole stope grades; ongoing monitoring shows consistent gold grade performance.
  • Financing Update: Bought‑deal public offering raised C$40,651,260; lead underwriter commission $2,270,469.60 paid to Raymond James Ltd.
  • Future Milestones: Detailed 2026 mine plan expected by year‑end; commercial production declaration targeted for early 2026.

Notable Quotes

“Ramp up at the Madsen mine is progressing well… we are staying focused on a methodical approach to this ramp up because developing a strong sustainable mine gives us the potential to create more value in Red Lake.” – Shane Williams, President & CEO

All boilerplate, forward‑looking statements, and disclaimer sections have been omitted for brevity.

Read the original news release →

More from West Red Lake Gold Mines Ltd.

Jul 22, 2026 · 16:35

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Resource Estimate Jul 15, 2026 · 04:30

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Production / Operations Jul 09, 2026 · 12:00

West Red Lake ramps toward a 100 koz/yr hub-and-spoke platform, with definition drilling confirming 2027 stopes at its high-grade Red Lake operation.

Drill Results Jul 07, 2026 · 04:30

West Red Lake reports high-grade gold intercepts at its Red Lake project, though cost and ramp-up concerns persist.

Drill Results Jun 16, 2026 · 04:30

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