financetom
Business
financetom
/
Business
/
West Red Lake Gold on Track for H2 Restart of Madsen Mine in Ontario
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
West Red Lake Gold on Track for H2 Restart of Madsen Mine in Ontario
Apr 9, 2025 4:55 AM

07:33 AM EDT, 04/09/2025 (MT Newswires) -- West Red Lake Gold Mines ( WRLGF ) said Wednesday that it is on track to restart the Madsen mine in Ontario on schedule in the second half.

The company, which purchased the mine in June 2023, said the anticipated restart is a result of 22 months of work.

"We bought a complicated asset, assessed needs, and got to work," said Shane Williams, West Red Lake's president and CEO. "Our plan has always been to restart Madsen as a sustainable mine and, with anticipated production just months away, we are on track to deliver this project from purchase to production in only two years."

West Red Lake said the mill is running smoothly, while definition drilling and mine engineering outlined over 15 months of mine-ready tonnes. The Connection Drift is also complete, and mining crews are operating effectively. Development crews are creating access to all needed mining areas, while maintenance is working well and stockpiles are underway.

"Restarting the Madsen mine as a sustainable, efficient operation required a multitude of projects," Williams said. "I am proud to say that we delivered every named project on or close to schedule, while also completing a host of other requirements from staffing the mine to securing funding."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2025 - www.financetom.com All Rights Reserved