Northwire Canada EditionFriday, November 13, 2026
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Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2% Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2%
Production / Operations

West Red Lake's Madsen reaches commercial production

WRLG · Price

Executive Summary

  • West Red Lake Gold Mines Ltd. has declared commercial production at its 100%-owned Madsen gold mine in the Red Lake mining district, effective January 1, 2026.
  • The declaration follows 30 consecutive days of mill throughput at 65% or greater of permitted capacity (800 tpd), with December 2025 averaging 689 tonnes per day and achieving 94.6% mill recovery.
  • The company produced 3,215 ounces of gold in December 2025 and 7,379 ounces in Q4 2025, with Q4 sales revenue totaling $30 million USD.

Key Details

  • Commercial Production Criteria Met:
    • Achieved 30 consecutive days of mill throughput at ≥65% of permitted capacity (800 tpd).
    • Operational stability confirmed.
    • Effective date: January 1, 2026.
  • December 2025 Operational Metrics:
    • Mill Feed: 689 tonnes per day (86% of permitted capacity).
    • Ore Tonnage: 21,389 tonnes.
    • Average Grade: 4.94 g/t Au.
    • Mill Recovery: 94.6%.
    • Gold Production: 3,215 ounces.
  • Q4 2025 Operational Metrics:
    • Mill Feed: 534 tonnes per day average.
    • Ore Tonnage: 49,162 tonnes.
    • Average Grade: 5.06 g/t Au.
    • Mill Recovery: 95%.
    • Gold Production: 7,379 ounces.
    • Gold Poured: 7,200 ounces.
    • Sales Revenue: $30 million USD (based on average price of $4,150 USD/oz).
  • 2025 Full Year Performance:
    • Gold Poured: 20,000 ounces.
    • Sales Revenue: $73 million USD (based on average price of $3,650 USD/oz).
    • Cash Position: $46 million USD (including gold receivables).
  • Forward-Looking Guidance & Plans:
    • Q1 2026 Feed Source: Predominantly from the 4447 area (high-grade zone in South Austin).
    • Q1 2026 Grade Expectation: Mill feed expected to average >6 g/t Au.
    • Capacity Ramp-up: Anticipated to reach sustained permitted capacity by mid-2026.
    • Future Exploration/Development:
      • Drilling at Fork deposit to bring it into the mine plan in 2026.
      • Shaft nearing operation; potential for significant tonnage increase in medium term.
      • Delineating new high-grade area "904 complex" in Lower Austin (similar to 4447).
    • 2026 Guidance: To be released during Q1 2026.

Notable Quotes

  • "We are delighted to announce commercial production at the Madsen mine, achieved only seven months after completion of the bulk sample... I also want to thank our partners, the Lac Seul and Wabauskang first nations and the community of Red Lake, for their long-standing support." — Shane Williams, President and CEO
  • "We will continue to ramp up from this strong base, and I anticipate Madsen will reach sustained permitted capacity by mid-2026." — Shane Williams, President and CEO
  • "The immediate impact of mining these jewellery-box-type areas was realized when material from 4447 lifted the gold grade through the Madsen mill to levels reaching 8.9 grams per tonne gold in December." — Shane Williams, President and CEO
Read the original news release →

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