West Red Lake Gold Starts Commercial Production at Madsen Mine

For the first quarter of 2026, mill feed will primarily come from the high-grade 4447 zone in South Austin, with expected average grades exceeding 6 grams per tonne gold.

SEATTLE (Scrap Monster): West Red Lake Gold Mines Ltd. has officially declared commercial production at its 100% owned Madsen Gold Mine in the Red Lake Mining District of Northwestern Ontario, Canada, marking a major milestone for the company. Commercial production was achieved effective January 1, 2026, following a strong operational performance in December 2025.

During December, the Madsen mill processed an average of 689 tonnes per day (tpd), representing 86% of its permitted 800 tpd capacity and exceeding the company’s internal threshold for commercial production. Mill recoveries averaged 94.6%, enabling the production of 3,215 ounces of gold for the month. Operational stability requirements were also successfully met.

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For the first quarter of 2026, mill feed will primarily come from the high-grade 4447 zone in South Austin, with expected average grades exceeding 6 grams per tonne gold. Management anticipates the mine will reach sustained permitted capacity by mid-2026.

In Q4 2025, the mine produced 7,379 ounces of gold, while 7,200 ounces were poured and sold at an average price of US$4,150 per ounce, generating US$30 million in revenue. For full-year 2025, the Madsen Mine poured 20,000 ounces of gold, generating US$73 million in sales.