Northwire Canada EditionWednesday, November 11, 2026
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Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1%
Drill Results

West Red Lake Gold Reports 219.73 g/t Au over 4.8m, 148.36 g/t Au over 3m and 133.13 g/t Au over 2.5m in Austin 904 Complex - Madsen Mine

Madsen Mine hits high-grade stride as commercial production ramps up in record gold environment.

By The Northwire Desk — AI Analysis Feb 25, 2026 · 05:30 WRLG · 1.27 West Red Lake Gold Mines Ltd.
Executive Summary

The most recent news release (February 25, 2026) reports high-grade underground drill results from the Austin 904 Complex and South Austin zones at the Madsen Mine. Significant intercepts include 219.73 g/t Au over 4.75m (including a "jewelry box" 1m at 1,016.57 g/t Au) and 148.36 g/t Au over 3m. These results follow a series of positive updates in early 2026, including the declaration of commercial production (effective January 1, 2026) and high-grade satellite results from the Rowan Project (84.3 g/t Au over 1m).

Material Impact

The impact is Routine - Positive. While the grades are spectacular (exceeding 1,000 g/t in one instance), they are consistent with the "jewelry box" style mineralization the company has been successfully delineating for the past year. - Operational Validation: These results confirm the continuity of high-grade lenses at depth (650m), which is critical for maintaining the 6+ g/t mill feed grade projected for Q1 2026. - Resource Growth: The drilling success in the Austin 904 Complex suggests potential for new high-grade lenses not fully captured in previous models. - Strategic Context: This news reinforces the "hub-and-spoke" model, showing that the "hub" (Madsen) has high-grade longevity while the "spokes" (Rowan, Fork) are being de-risked.

WRLG · Price
Company Overview

West Red Lake Gold Mines owns the Madsen Gold Mine in the Red Lake District, Ontario. The project features a fully permitted 800 tpd mill, a 1,200m haulage way (Connection Drift), and a significant resource (1.65 Moz Indicated at 7.4 g/t Au). The company is transitioning from a developer to a mid-tier producer using a hub-and-spoke model, with the Rowan and Fork deposits serving as satellite feed.

Read the original news release →

More from West Red Lake Gold Mines Ltd.

Nov 09, 2026 · 07:30

West Red Lake’s PFS highlights a significant grade gap, a key factor behind the market's rejection of the project's economic viability.

Technical Study Nov 04, 2026 · 05:30

West Red Lake Gold Announces Integrated PFS Delivering C$764 Million Post-Tax NPV and Annual Gold Production of 100,000 Ounces Once Rowan Enters Production

Technical Study Nov 02, 2026 · 05:30

West Red Lake secures refinancing to extend operations, though potential dilution and offtake risks temper the upside potential for the project.

Financings Oct 27, 2026 · 05:30

West Red Lake cut guidance by 26% as Madsen produced 3.8 g/t, falling short of the 8.16 g/t reserve estimate.

Production / Operations Sep 22, 2026 · 05:30

West Red Lake confirms high-grade Madsen intercepts of 904 and 955 g/t gold without expanding the defined resource width.

Drill Results Sep 16, 2026 · 08:30

West Red Lake confirms residual high-grade at Starratt-Olsen while leaving the deep shoot untested in its first modern assay results.

Drill Results