West Red Lake Gold Boosts Q2 Production by 51% as Madsen Mine Ramps Up — West Red Lake Gold Mines Ltd.

Event summary

West Red Lake Gold reported a 51% increase in gold production in Q2 2026, reaching 8,576 ounces compared to 5,667 ounces in Q1.
Mined ounces surged by 73%, from 6,033 ounces in Q1 to 10,459 ounces in Q2, driven by higher mining rates and improved average grades.
The company built a surface stockpile of approximately 10,768 tonnes, containing around 1,500 ounces of gold, exceeding current mill capacity.
Average processing rates at the mill reached 842 tonnes per day (tpd), with expectations to increase to 1,000 tpd in the second half of 2026.

The big picture

West Red Lake Gold's strong Q2 performance reflects its strategic focus on operational improvements and increased mining efficiency. The company's ability to build a significant surface stockpile indicates operational flexibility, which is crucial for sustaining production levels in a competitive gold mining sector. The ongoing ramp-up at the Madsen Mine positions West Red Lake Gold to capitalize on higher gold prices and growing demand for precious metals.

What we're watching

Operational Flexibility: Whether the company can sustain mining rates above current mill capacity and how this will impact future production targets.
Production Guidance: The pace at which West Red Lake Gold can achieve its full-year production guidance of 35,000 to 45,000 ounces of gold.
Exploration and Development: How self-funded development and exploration activities will support both current operations and future growth opportunities across the Madsen property.