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West Red Lake Gold Approves Immediate Restart of Madsen Mine in Ontario
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West Red Lake Gold Approves Immediate Restart of Madsen Mine in Ontario
May 26, 2025 12:25 PM

08:04 AM EDT, 05/22/2025 (MT Newswires) -- West Red Lake Gold Mines ( WRLGF ) said Thursday that the board approved the immediate restart of the Madsen gold mine in Ontario, slightly ahead of a previous target of the middle of 2025.

West Red Lake plans to mine and process an average of 500 tonnes per day for the first two months before ramping up operations through the second half of the year.

"We have pushed hard for two years to accomplish that feat and now, with major infrastructure projects complete and our bulk sample having delivered mined tonnes and gold grade aligned with modeled expectations, our approach has been validated and we are ready to mine on a continual basis," said Shane Williams, president and CEO of West Red Lake.

The company's share price fell 2.5% on Wednesday to $0.78 on the TSXV.

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