West Red Lake Gold Declares Commercial Production at Madsen Gold Mine

Core Viewpoint - West Red Lake Gold Mines Ltd. has declared commercial production at its 100% owned Madsen Gold Mine as of January 1, 2026, marking a significant milestone for the company [1][2][3]. Production Achievements - The Madsen Mine achieved an average mill throughput of 689 tonnes per day in December 2025, which is 86% of the permitted capacity of 800 tonnes per day [2][4]. - The mine produced 3,215 ounces of gold in December 2025, with a mill recovery rate of 94.6% [2][4]. - In Q4 2025, the mine produced 49,162 tonnes of ore at an average grade of 5.06 grams per tonne, resulting in 7,379 ounces of gold [4][6]. Financial Performance - The Madsen Mine generated total gold sales revenue of US$30 million in Q4 2025, with an average sale price of US$4,150 per ounce [5][6]. - For the full year 2025, the mine poured 20,000 ounces of gold, resulting in total sales revenues of US$73 million at an average price of US$3,650 per ounce [5][6]. Future Outlook - The company anticipates ramping up production to reach sustained permitted capacity by mid-2026, with Q1 2026 mill feed expected to average over 6 grams per tonne gold [3][8]. - The company is actively drilling at the Fork deposit and delineating a new high-grade area called the 904 Complex, which could enhance future production [8]. Operational Stability - The Madsen Mine has met internal requirements for operational stability and consistent strong mill recoveries, which are crucial for achieving commercial production [2][3].