West Red Lake Gold Mines (TSX-V:WRLG) has begun commercial production at the Madsen Gold Mine in Ontario, Canada.
In Q1 2026, mill feed will come predominantly from the 4447 area – a ‘high-grade’ zone in South Austin that the company defined in 2025. Mill feed is expected to average in excess of 6 grams per tonne gold.
As of December 2025, the mill averaged 689 tonnes per day – representing 86% of permitted throughput of 800 tonnes per day. This figure also meets West Red Lake’s internal commercial production requirement of 30 consecutive days of mill throughput at 65% or greater of permitted capacity.
Consistent strong mill recoveries, which averaged 94.6% in December, enabled production of 3,215 ounces of gold.
CEO Shane Williams says the company is continuing to ramp up from the strong base and the company anticipates Madsen will reach a sustained permitted capacity by mid-2026.
“The potential to continue creating value at Madsen through multiple opportunities makes this achievement of commercial production especially exciting,” Williams says.
“We are drilling at Fork with a view to bring that deposit into the mine plan this year. The shaft is nearing operation and work to date has revealed a path to potentially increase shaft tonnage significantly in the medium-term.
“We are starting to delineate a new high-grade area in Lower Austin called the 904 Complex that is similar to 4447, the high-grade area in South Austin that we advanced through definition drilling, mine design, and access development within eight months so that today we are mining this high-margin mineralisation.”
In December 2025, the Madsen Mine produced 21,389 tonnes of ore, resulting in 7,200 ounces of gold poured in Q4 2025. The ounces were sold at an average price of US$4,150 ($6,178) an ounce for total gold sales revenue of US$30 million.
West Red Lake’s total gold sales revenue for 2025 totalled US$73 million. The company ended the year with C$46 million cash and gold receivables.
West Red Lake Gold Mines is a gold miner focused on the Madsen Gold Mine and the associated 47km2 highly prospective land package in the Red Lake District of Ontario.
Write to Aaliyah Rogan at Mining.com.au
Images: West Red Lake Gold Mines
