Mining Stock Daily West Red Lake Gold Mines Declares Commercial Production
Jan 12, 2026
Gwen Preston, VP Communications at West Red Lake Gold Mines, shares insights on the company's recent achievement of commercial production at the Madsen Mine. She discusses the impressive ramp-up, surpassing internal targets with 86% capacity. Gwen highlights the upcoming pre-feasibility study, aiming to combine multiple projects for growth. She also analyzes trends in the gold market, mentioning strategic M&A opportunities and the increasing interest from new investors. Get ready for the latest updates and ambitious plans for the future!
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Methodical Ramp-Up Delivered Commercial Production
- West Red Lake followed a methodical ramp-up and declared commercial production after meeting internal stability and throughput thresholds.
- The mill hit 689 tpd (86% of 800 tpd) in December with ~95% recovery, producing 3,215 oz of gold that month.
From Teaching To Execution On Site
- Gwen described the site atmosphere shifting from teaching processes to executing them during her visit.
- That change coincided with producing ~20,000 oz in the ramp-up year and ending 2025 with CAD 46M cash.
Refine Execution And Add Capacity Gradually
- Continue refining daily execution and add technical capacity incrementally during final ramp-up.
- Bring the shaft online and integrate engineers and equipment to capture the remaining ~100 tpd.