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25.06.2025 16:08:19

West Red Lake resumes Madsen mine operations after fatal incident

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3399.08 USD 1.44%
West Red Lake Gold Mines Ltd. (TSXV: WRLG) has resumed operations at its Madsen Mine in Red Lake, Ontario, following a brief pause triggered by a fatal incident.Operations were suspended on June 16 after an underground employee was fatally injured. The mill resumed operations approximately 40 hours later, with mining restarting 12 hours after that. Ramp-up to full capacity is ongoing, dependent on workforce availability and compliance with safety protocols.Shares rose 3.8% in Toronto following the news, giving the company a C$278 million ($203 million) market capitalization.EarthLabs Expeditions: First gold pour at revitalized Madsen mineThe mill has been averaging 650 tonnes per day with 95% gold recovery and has been tested at higher levels several times without issue, West Red Lake reported. Between June 12 and 15, the average milled grade rose to 6.5 g/t from about 3 g/t earlier in the month.Since ramp-up began on May 11, operations have sourced ore primarily from the South Austin and McVeigh zones, with additional production planned from Austin stopes later this year.Ramp-up has involved processing stockpiled sill material initially yielding ~3 g/t gold, with fresh stope material now boosting head grades to around 6.5 g/t during June 12–15.West Red Lake has sold 5,250 ounces of gold year-to-date at an average price of $3,330/oz, with another gold pour expected on June 25.Underground drilling remains active, with 38,393 m completed in 2025 so far, including 19,904 m during the second quarter. Efforts have focused on high-grade targets within the South Austin zone.The Madsen Mine is part of West Red Lake’s 47 km² land package in Ontario’s Red Lake district, a region that has yielded over 30 million ounces of gold. The company also owns the Rowan Property, which hosts three historic gold mines. Weiter zum vollständigen Artikel bei Mining.com

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