financetom
Business
financetom
/
Business
/
West Red Lake Gold Provides Madsen Mine Operations Update
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
West Red Lake Gold Provides Madsen Mine Operations Update
Jun 25, 2025 4:38 AM

07:29 AM EDT, 06/25/2025 (MT Newswires) -- West Red Lake Gold Mines ( WRLGF ) on Wednesday provided an update on ramp-up operations at the Madsen Mine in Red Lake, Ontario, following a fatal accident on June 16.

The mine and mill which were both shut down temporarily, have ramped up to full operations based on personnel availability and within a safety-first structure, the company said.

"With the clear exception of the tragic underground incident, ramp-up at the Madsen Mine is progressing well," said Chief Executive Shane Williams. "Mill head grades increased in June as we transitioned from the mixed and generally lower-grade material that had been stockpiled during the bulk sample program, which we processed in May, into freshly mined material that should be more representative of average ore grades going forward."

The mill has been averaging 650 tonnes per day with 95% gold recovery and has been tested at higher levels several times without issue, the company added.

West Red Lake Gold has sold 5,250 ounces of gold year to date, at an average price of US$3,330 per oz. Another gold pour is planned for June 25.

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 >
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved