West Red Lake Gold Mines Ltd. is a publicly traded gold company focused on demonstrating success at its newly restarted Madsen Mine in the Red Lake Gold District, a Canadian gold district that has yielded over 30 million ounces of gold in the last 100 years. West Red Lake purchased the Madsen Mine out of bankruptcy in 2023, spent two years developing a reliable resource modelling-mine engineering workflow and building infrastructure essential for efficient operations, and mining a bulk sample. Operations ramped up in H2 2025, setting Madsen on track to announce commercial production early in 2026 as a rare new gold mine in a rising gold market.

 

Looking ahead: West Red Lake plans to complete a new Prefeasibility Study in 2026 that paves the way for Madsen to go from approximately 50,000 oz./year production in 2026 to 100,000 oz./year production in 2029 by developing the nearby Rowan deposit as a satellite mine while also expanding operations at Madsen. Exploration will happen alongside because there is also clear potential to find more gold on the 47-sq. km Madsen land package, which is under explored and brimming with opportunity.