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West Red Lake Gold plans to ramp up Madsen Mine production to 35,000-45,000 ounces in 2026, targeting 120,000 ounces by 2030.

Market News
04 May 2026
TheNewswire
View Source
Bullish
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West Red Lake Gold Mines announced 2026 production guidance of 35,000 to 45,000 ounces of gold, reflecting a ramp-up at the Madsen Mine following a 2025 restart that produced about 20,000 ounces. The company aims to increase production significantly by integrating additional mining areas like the 904 and Derlak complexes, with mining at 904 expected in early 2027 and Rowan in 2028. This phased growth targets reaching approximately 120,000 ounces annually by 2030, a 300% increase from 2026 levels, supported by infrastructure upgrades and exploration. The company also secured a new mining claim near its Mount Jamie target, enhancing its resource base and future production potential.

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