07:33 AM EDT, 10/07/2025 (MT Newswires) -- West Red Lake Gold Mines ( WRLGF ) earlier Tuesday said the Madsen mine in northern Ontario produced 35,700 tonnes of ore at an average grade of 5.4 grams per tonne gold in the third quarter. This is a 37% increase over the second-quarter. Madsen is positioned to reach targeted output levels early next year.

The mill poured 7,055 ounces of gold in the quarter, that were sold at an average price of US$3,456 per ounce for gross proceeds of C$33 million.

The company poured 5,260 ounces of gold in the second quarter, for C$24 million proceeds and 496 ounces of gold in the first quarter for C$2.1 million.

"The Madsen Mine remains on track towards commercial production," said chief executive Shane Williams.

"We are staying focused on a methodical approach to this ramp up because developing a strong sustainable mine gives us the potential to create more value in Red Lake. Such potential is very apparent in our Rowan project, which we are advancing quickly so that its anticipated production rate of 35,000 ounces adds to our Red Lake production profile within a few years, and we see significant additional value potential at Madsen as we test high-grade targets in and around the deposit and unlock the deeper opportunity of this gold system."