09:15 AM EDT, 10/31/2024 (MT Newswires) -- West Red Lake Gold Mines ( WRLGF ) , which lost 2.3% yesterday, earlier on Thursday provided an update on restart readiness activities at the Madsen Mine project in Red Lake, Ontario.

"Advancing multiple projects and goals simultaneously in preparation for restart means the Madsen Mine site is a busy place," said Shane Williams, President and CEO in a statement. "The tailings dam lift is now complete and came in ahead of schedule and under budget, which is a great example of how strong alignment and effective communication between contractors, site personnel, and management can yield positive results. This accomplishment sets the standard for delivery of all projects at the Madsen operation as we move through the redevelopment phase and towards our goal of a full mine restart next year.

"We look forward to issuing a pre-feasibility study in the coming weeks and then pushing ahead to an official restart decision."