Key facts
| Company | West Red Lake Gold (TSXV: WRLG) |
|---|---|
| Commodity | Gold |
| Location | Canada |
| Stage | Production |
About Madsen Mine
Top Tier Assets in Red Lake: Fully permitted gold mine sitting on top of highly prospective exploration targets in a world class gold district
News releases84 on file
West Red Lake Gold Reports Q3 2026 Production and Continued Operational Momentum at the Madsen Mine
West Red Lake Gold reported Q3 2026 gold production of 7,859 ounces at its Madsen Mine in Ontario's Red Lake district, bringing year-to-date output to 22,102 ounces. The company also revised its 2026 Madsen production guidance to 27,000 to 32,000 ounces, down from 35,000 to 45,000 ounces, citing labour challenges and the ramp-up expected in the second half.
CorporateWest Red Lake Gold Reports 176.04 g/t Au over 5.3m, 128.32 g/t Au over 4.5m and 35.72 g/t Au over 13.35m from Austin 955 and 904 Complexes
Underground definition drilling at the 100%-owned Madsen Mine in Ontario's Red Lake district returned 5.3m at 176.04 g/t Au, including 1m at 925.52 g/t Au, from hole MM26D-14-4929-025 in the Austin 904 complex, and 4.5m at 128.32 g/t Au, including 1m at 566.81 g/t Au, at South Austin. Austin 955 holes included 6.85m at 35.72 g/t Au and 12.8m at 7.93 g/t Au. Drilling targeted near-term mining inven
Drill resultsWest Red Lake Gold Intersects 16.16 g/t Au over 1.5 Metres and 10.94 g/t Au over 1.5 Metres at Starratt-Olsen, Advancing Multi-Asset Strategy at Madsen
Drilling at the past-producing Starratt-Olsen Mine, about 1.1 km southwest of the Madsen Mine in the Red Lake district of Ontario, returned 1.5 m at 16.16 g/t Au from 121.15 m in hole WRL26-054, including 0.85 m at 24.60 g/t Au, and 4.5 m at 5.16 g/t Au from 114.0 m in hole WRL26-055, including 1.5 m at 10.94 g/t Au. The results cover the first 5 holes of a 12-hole, 4,100 m oriented HQ surface pro
Drill resultsWest Red Lake Gold Reports Q2 2026 Results Including 51% Increase in Gold Production and 30% Reduction in AISC
Gold production at the Madsen Mine in Red Lake, Ontario rose 51% to 8,576 ounces in Q2 2026, with 8,260 ounces sold generating revenue of $49.0 million and income from mine operations of $20.1 million. Cash costs fell 23% to US$2,000 per ounce and AISC fell 30% to US$3,284 per ounce, within 2026 guidance of US$2,800–US$3,600. Free cash flow was $9.7 million and cash and equivalents ended the quart
CorporateWest Red Lake Gold Completes Phase One Madsen Mine Shaft Refurbishment
Phase One of the Madsen Mine shaft refurbishment is complete at the Madsen Mine in Ontario's Red Lake district, establishing hoisting of ore and waste at approximately 200 tpd. Phase Two, targeted for H2 2027, involves hoist and skip upgrades to about 700 tpd, with all major equipment on site and installation underway; Phase Three targets roughly 2,000 tpd in H2 2028. Phases One and Two reach Leve
CorporateWest Red Lake Gold Reports Strong Q2 Operating Progress with 73% Increase in Mined Ounces and 51% Higher Gold Production over Q1 at Madsen Mine
Gold production at the Madsen Mine in Ontario's Red Lake district totaled 8,576 ounces in Q2 2026, up 51% from 5,667 ounces in Q1, with mined ounces up 73% to 10,459 and mined tonnage up 46% to 75,524 tonnes at an average grade of 4.3 g/t Au. Mill throughput averaged approximately 842 tpd, expected to rise toward 1,000 tpd in the second half. A 10,768-tonne surface stockpile containing roughly 1,5
CorporateWest Red Lake Gold Reports 43.38 g/t Au over 3.85m, 53.87 g/t Au over 3.1m and 10.22 g/t Au over 13.35m from Austin 955 and 904 Complexes – Madsen Mine
Underground drilling at the 100%-owned Madsen Mine in Ontario's Red Lake district returned 43.38 g/t Au over 3.85m (including 291.94 g/t over 0.5m) and 53.87 g/t Au over 3.10m (including 322.89 g/t over 0.5m) from the Austin 955 Complex, drilled from the 12 Level at roughly 600m depth. The Austin 904 Complex, drilled from the 13 Level at about 650m depth, returned 10.22 g/t Au over 13.35m, 11.98 g
Drill resultsWest Red Lake Gold Commences Surface Drilling at Past-Producing Starratt-Olsen Gold Mine
A fully funded surface drilling program has begun at the past-producing Starratt-Olsen Mine, about 1.1 km southwest of the 100%-owned Madsen Mine in Ontario's Red Lake district. The program consists of up to 4,000 m of oriented HQ diamond drilling targeting up- and down-plunge extensions of previously mined panels and new sub-parallel lenses, and is the first focused drill testing of the historic
Drill resultsWest Red Lake Gold Reports Q1 2026 Financial Results and Operations Summary
Q1 2026 production at the Madsen Mine in Ontario's Red Lake district totalled 5,667 ounces of gold, with 6,165 ounces sold at an average realized price of US$4,938 per ounce, generating $41.8 million in revenue and $15.3 million of income from mine operations. Cash cost was US$2,594 per ounce and AISC US$4,678 per ounce, with adjusted net earnings of $6.4 million ($0.02 per basic share) and a quar
CorporateWest Red Lake Gold Reports 2025 Results and Provides 2026 Production Guidance
2026 gold production at the Madsen Mine in Red Lake, Ontario is guided at 35,000 to 45,000 oz, with cash costs of US$2,400 to $3,100/oz sold and AISC of US$2,800 to $3,600/oz sold, plus C$15m growth capex, C$5m regional exploration and C$10m corporate G&A. For 2025, Madsen produced 20,000 oz and generated C$103m in gold revenues at an average realized price of C$5,170/oz, with a C$48m cash balance
CorporateWest Red Lake Gold Reports 215.46 g/t Au over 5.35m, 50.34 g/t Au over 4.05m and 61.70 g/t Au over 3m in Austin 904 Complex – Madsen Mine
Drilling in the Austin 904 Complex at the wholly owned Madsen Mine in Ontario's Red Lake district returned 5.35m at 215.46 g/t Au from 135.10m (including 2.95m at 388.90 g/t), 4.05m at 50.34 g/t Au and 3m at 61.70 g/t Au, with other intercepts including 8.65m at 13.25 g/t Au and 7.05m at 11.56 g/t Au. All holes were drilled from the 13 Level at roughly 650m depth, testing the upper 30m of a 200m b
Drill resultsWest Red Lake Gold Further De-Risks Fork Satellite Deposit with Successful Infill Drilling
Infill drilling results from the 100%-owned Fork satellite deposit, about 250 m southwest of the Madsen Mine in Ontario's Red Lake district, include 1m @ 41.25 g/t Au from 117.6m (including 0.5m @ 77.8 g/t Au) in hole WRL26-047, 4.5m @ 5.8 g/t Au in WRL25-037 and 3.3m @ 4.22 g/t Au in WRL25-036. The program totalled 3,204 m in 17 NQ holes to inform a construction decision; Fork hosts 20,900 oz Ind
Drill resultsWest 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
Underground drilling at the 100%-owned Madsen Mine in the Red Lake Gold District, Ontario, returned 219.73 g/t Au over 4.75m (including 1m at 1,016.57 g/t Au), 148.36 g/t Au over 3m and 133.13 g/t Au over 2.5m from the Austin 904 Complex, plus 27.24 g/t Au over 7.85m in South Austin. All reported holes were drilled from stations on the 13 Level at approximately 650m depth. Lower Austin will remain
Drill resultsWest Red Lake Gold Releases Madsen Mine Commercial Production Video
A video marking commercial production at the Madsen Mine in the Red Lake district of Ontario has been released. West Red Lake Gold purchased Madsen in June 2023 and declared commercial production as of 1 January, 2026, following drilling, surface and underground capital projects, a new Pre Feasibility Study, a test mining and bulk sample program, and restart and ramp up, with a workforce now total
CorporateWest Red Lake Gold Declares Commercial Production at Madsen Gold Mine
Commercial production was declared at the 100%-owned Madsen Gold Mine in Red Lake, Ontario, effective January 1, 2026. The mill averaged 689 tpd in December 2025, 86% of permitted 800 tpd capacity, milling 21,389 tonnes at 4.94 g/t Au with 94.6% recovery for 3,215 ounces. Q4 2025 output was 7,379 recovered ounces and 7,200 poured, sold at US$4,150/oz for US$30 million; FY2025 was 20,000 oz sold at
CorporateWest Red Lake Gold Commences 3,000 Metre Drill Program at Fork Deposit
A fully funded 3,000 m NQ diamond drill program has started at the 100%-owned Fork deposit, about 250 m southwest of the Madsen Mine in Ontario's Red Lake district, to inform a construction decision on bringing Fork into near-term production. Infill drilling targets a shallow, high-grade zone defined over 400 m by 250 m, averaging about 2 m thick, with holes averaging 170 m depth. Fork holds Indic
Drill resultsWest Red Lake Gold Reports Mid-Q4 Madsen Mine Update
Mined ore production at the Madsen Mine in Ontario's Red Lake district rose 24% in October versus September, following the mid-September start of underground waste rock storage that freed trucking capacity for ore. Three 4-yard scoops were delivered in the first half of Q4, with the final 42-tonne haul truck expected in the coming weeks and maintenance shop components arriving on site this week. T
CorporateWest Red Lake Gold Confirms Additional High-Grade Gold in Lower Austin with 26.16 g/t Au over 11.2m, 37.87 g/t Au over 3.55m and 10.55 g/t Au over 8m
Underground drilling from the 12-4860 station in the Lower Austin Zone at the wholly owned Madsen Mine in Red Lake, Ontario returned 11.2m at 26.16 g/t Au from 50.0m (including 2m at 131.70 g/t Au), 3.55m at 37.87 g/t Au from 45.00m (including 1.5m at 85.73 g/t Au) and 8m at 10.55 g/t Au from 45m. The station sits on 12 Level at roughly 600m depth. The Austin Zone holds 914,200 oz Indicated at 6.9
Drill resultsWest Red Lake Gold Hits New High-Grade Gold Lens in Lower Main Austin with 139.45 g/t Au over 7.8m, 74.70 g/t Au over 8.7m and 18.31 g/t Au over 7.5m
Underground drilling from the 12 Level at roughly 600 m depth in the Austin Zone at the wholly owned Madsen Mine, Red Lake district, Ontario, returned 7.75 m at 139.45 g/t Au from 37.00 m (including 2 m at 532.25 g/t Au), 8.7 m at 74.70 g/t Au from 37.1 m, and 7.45 m at 18.31 g/t Au from 39.65 m. Visible gold was observed in several holes. The Austin Zone holds 914,200 indicated ounces at 6.9 g/t
Drill resultsWest Red Lake Gold Reports Third Quarter Operations Update for Madsen Mine Ramp-Up
The Madsen Mine in Ontario's Red Lake district produced 35,700 tonnes of ore at 5.4 g/t gold in Q3, with the mill pouring 7,055 ounces sold at an average US$3,456 per ounce for gross proceeds of CAD$33 million, a 34% increase over Q2's 5,260 ounces. Underground waste rock storage is operational, shaft skipping of 350 tonnes per day is expected to start in November, and commercial production is tar
CorporateWest Red Lake Gold Expands High-Grade Zone in South Austin with 36.85 g/t Au over 6.9m, 92.39 g/t Au over 2m and 8.79 g/t Au over 15.5m
Underground definition drilling at the South Austin Zone of the 100%-owned Madsen Mine in Red Lake, Ontario returned 6.9m at 36.85 g/t Au from 79.1m (including 3m at 81.23 g/t), 2m at 92.39 g/t Au from 80.3m (including 1m at 183.79 g/t) and 15.45m at 8.79 g/t Au from 61.05m. Results from drill bays 09-4300 and 11-4420 cover 47 holes, with visible gold noted in several intercepts. South Austin hold
Drill resultsWest Red Lake Gold Provides Madsen Mine Operations Update
The Madsen Mine in Red Lake, Ontario poured 3,800 ounces of gold in July across three pours, with 3,595 ounces sold at an average US$3,320/oz for US$12 million (C$16.4M) in revenue. The mill averaged 94% recovery while processing 500-800 tonnes per day; mined material averaged 8.9 g/t gold, blended with low-grade stockpile to roughly 5 g/t feed, from eight sill development and mining areas in McVe
CorporateWest Red Lake Gold Provides Madsen Mine Operations Update
Ramp-up at the Madsen Mine in Red Lake, Ontario is progressing, with the mill averaging 650 tonnes per day at 95% gold recovery and milled grade rising from approximately 3 g/t Au in early June to average 6.5 g/t Au from June 12th to 15th as stope material displaced stockpiled sill material. Following the June 16th fatal incident, the mill restarted after about 40 hours and the mine 12 hours later
CorporateWest Red Lake Gold Reports Fatality at the Madsen Mine
An employee working underground was fatally injured early on June 16, 2025 at the Madsen Mine in Red Lake, Ontario. Operations have been voluntarily suspended, and the company is working with local and Ministry of Labour authorities while an investigation and comprehensive review are underway. Additional information will be provided as appropriate.
NewsWest Red Lake Gold Announces AGM Results
Six directors were elected at the annual general meeting held June 10, 2025: Tom Meredith, Shane Williams, Duncan Middlemiss, Hugh Agro, John Heslop and Susan Neale. Shareholders also approved the appointment of MNP LLP, Chartered Professional Accountants as auditors and the company's 10% rolling stock option plan. West Red Lake Gold is focused on the Madsen Gold Mine and associated 47 km² land pa
CorporateWest Red Lake Gold Highlights Bulk Sample Learnings
Test mining and bulk sample results at the 100%-owned Madsen Mine in Red Lake, Ontario, are being incorporated into a detailed mine plan featuring generally larger stopes and greater use of long hole stoping, the majority of the 18-month detailed mine plan. Mine design now uses a gold price of US$2,350 per ounce versus US$1,680 per ounce in the January 2025 PFS. Definition drilling increased tonna
NewsWest Red Lake Gold Intersects 61.51 g/t Au over 12.1m, 43.54 g/t Au over 8.35m and 24.61 g/t Au over 11.2m at South Austin – Madsen Mine
Underground definition drilling at the South Austin zone of the 100%-owned Madsen Mine in Ontario's Red Lake district returned 12.1m at 61.51 g/t Au from 11.0m (including 1m at 725.00 g/t Au), 8.35m at 43.54 g/t Au from 8.50m (including 1m at 347.81 g/t Au), and 11.2m at 24.61 g/t Au from 7.8m (including 1.5m at 166.36 g/t Au). The holes sit about 50m up-dip of intercepts reported February 26, 202
Drill resultsWest Red Lake Gold Announces Official Restart of the Madsen Mine
The Board of Directors approved an immediate restart of the Madsen Mine in Red Lake, Ontario at a meeting on May 21, 2025, slightly ahead of the previously communicated mid-2025 target. The Company plans to mine and process an average of 500 tonnes per day for the first two months before ramping up through the second half of the year. Major infrastructure projects are complete and bulk sample tonn
CorporateWest Red Lake Gold announces final drawdown of US$12.5 Million under Nebari Credit Facility
The remaining US$12.5 million has been drawn under the US$35 million credit facility with Nebari Natural Resources Credit Fund II LP, following US$15 million on December 31, 2024 and US$7.5 million in March 2025. Proceeds will fund remaining capital costs to restart the Madsen Mine in Red Lake, Ontario, plus corporate, exploration and working capital. The facility matures June 30, 2028 and bears i
FinancingWest Red Lake Gold Intersects 48.97 g/t Au over 18.7m, 52.86 g/t Au over 4.5m and 25.49 g/t Au over 7.5m at South Austin – Madsen Mine
Underground definition drilling at the South Austin Zone of the 100%-owned Madsen Mine in Red Lake, Ontario returned 18.7m at 48.97 g/t Au (including 2m at 428.83 g/t Au), 4.5m at 52.86 g/t Au, 7.5m at 25.49 g/t Au, 20.05m at 8.94 g/t Au and 20.2m at 5.52 g/t Au. The holes sit directly below Stope 6 from the recent bulk sampling campaign and extend that mining panel a further 40m down plunge. Prod
Drill resultsWest Red Lake Gold Reports on Bulk Sample Gold Sales
2,350 oz of the 2,498 oz of gold produced in the Madsen Mine bulk sample have been sold to date at a weighted average price of US$3,293 per oz, generating proceeds of US$7.7 million. The sales took place between late March and early May, with the remaining gold to be sold on final settlements with the refiner. Madsen is located in the Red Lake district of Ontario.
CorporateWest Red Lake Gold Reports Positive Bulk Sample Reconciliation Results
The bulk sample program at the 100%-owned Madsen Mine in Ontario's Red Lake district returned an average grade of 5.72 g/t gold, 0.7% above the predicted 5.68 g/t across six stopes in three areas (Austin, South Austin, McVeigh). A total of 14,490 tonnes produced 2,498 ounces of gold, with mill recovery averaging 95%. Tonnage reconciled at 95.5% of the 15,170 tonnes predicted. The company has compl
NewsWest Red Lake Gold Reflects on Madsen Mine Achievements To Date
A progress update on the Madsen Mine in Ontario states the project remains on track to start operating by H2 2025, 22 months after the June 2023 purchase. Since October 2023 the company has completed 88,191 metres of underground drilling, 3,065 metres of underground development in 2024 plus 1,178 metres in 2025, and the 1,448-metre Connection Drift on March 28. A six-stope bulk sample of at least
CorporateWest Red Lake Gold Intersects 23.81 g/t Au over 5.4m, 30.16 g/t Au over 4.3m and 12.43 g/t Au over 10.5m at Austin – Madsen Mine
Underground drilling in the Austin Zone at the 100%-owned Madsen Mine in Ontario's Red Lake district returned 10.5m at 12.43 g/t Au from 48.6m (including 0.6m at 106.06 g/t), 4.3m at 30.16 g/t from 51.0m (including 1.1m at 106.10 g/t), 5.4m at 23.81 g/t from 54.1m (including 0.5m at 212.13 g/t), 9.6m at 10.98 g/t and 5.85m at 17.29 g/t. Austin hosts 914,200 oz Indicated at 6.9 g/t Au and 104,900 o
Drill resultsMadsen Mine Update: Mill Restart and Key Operational Milestones Achieved
The mill at the Madsen Mine in Red Lake, Ontario restarted on March 10 after 28 months of dry shutdown and is processing low-grade stockpile material, with the first bulk sample material from Stope 1 to be processed next week. The Connection Drift is 1,380 metres of 1.4 km complete, leaving 84 metres; underground development averaged 23.8 metres per day in February, up from 20 in January, and the
CorporateWest Red Lake Gold Intersects 114.26 g/t Au over 10.6m, 77.90 g/t Au over 3m and 24.48 g/t Au over 8.5m at South Austin – Madsen Mine
Underground drilling at the South Austin Zone of the 100%-owned Madsen Mine in Ontario's Red Lake district returned 10.6m at 114.26 g/t Au from 122.0m (including 0.7m at 1,609.26 g/t Au and 4.25m at 282.00 g/t Au), 3m at 77.90 g/t Au, 8.5m at 24.48 g/t Au, 7m at 29.22 g/t Au and 10.15m at 18.76 g/t Au. South Austin holds an Indicated resource of 474,600 oz at 8.7 g/t Au plus 31,800 oz Inferred at
Drill resultsWEST RED LAKE GOLD ANNOUNCES CLOSING OF UPSIZED $20 MILLION BOUGHT DEAL PUBLIC OFFERING
An upsized bought deal public offering closed for gross proceeds of $20,053,083.60, comprising 23,628,000 charity flow-through units at C$0.8487 per unit, led by Raymond James Ltd. as sole underwriter and bookrunner. Each unit includes one common share and one warrant exercisable at C$0.90 for 36 months; the warrants are expected to begin trading on the TSXV around February 28, 2025 under WRLG.WT.
FinancingWest Red Lake Gold Announces Filing of NI 43-101 Pre-Feasibility Study Technical Report for Madsen Mine
The NI 43-101 pre-feasibility study technical report for the 100%-owned Madsen Mine in the Red Lake Gold District of northwestern Ontario has been filed, with an effective date of January 7, 2025. The report supports the PFS results disclosed in the company's January 7, 2025 news release, with no material differences. It is available on SEDAR+ and the company's website.
Study resultsMadsen Mine Site Update: Bulk Sample Underway, Connection Drift 80% Complete, Underground Development and Facility Installs Progressing
A bulk sample is underway at the 100%-owned Madsen Mine in Ontario's Red Lake district, with plans to mine at least 10,000 tonnes from six stopes across the Austin 1099/1100, McVeigh 1407 and South Austin 987 areas; 3,380 tonnes from two stopes are on surface. The mill restarts later this month after 28 months of dry shutdown, with first feed of 3,000 tonnes of legacy low-grade material. The Conne
CorporateWest Red Lake Gold Highlights New Targets from Regional Surface Sampling at Madsen
Results from the 2024 regional surface mapping and geochemical sampling program at the 100%-owned Madsen Property in Ontario's Red Lake district defined six anomalous areas with an Au-W-As-Ag-Bi signature. The program comprised 1,460 till samples, 42 channel samples and 69 lithologic samples, focused on the Confederation Assemblage. The North Shore anomaly, near the Russet Lake Ultramafic, is a to
Drill results