West Red Lake Gold reports a 73% jump in Q2 mined ounces and 51% higher gold output versus Q1 at its Madsen Mine
Executive summary: West Red Lake Gold reported a 73% increase in mined ounces and a 51% rise in gold production for Q2 2026 versus Q1 at the Madsen Mine. The production uplift signals improved mine performance, potentially boosting the company’s near-term revenue and cash flow while contributing to overall gold supply.
Who is involved: West Red Lake Gold Mines Ltd. (TSXV: WRLG, OTCQX: WRLGF) and its Madsen Mine operation in Ontario, Canada.
Likely next: No specific future actions were disclosed in the release; the company typically follows with full Q2 financial results and guidance later in the quarter.
West Red Lake Gold Mines Ltd. announced strong operational results for the second quarter of 2026, with mined ounces up 73% and gold production up 51% compared to the first quarter at the Madsen Mine in Ontario. The increase reflects improved mining rates and higher-grade ore processing during the period. No financial figures were disclosed in the release, focusing solely on volume metrics.
Timeline
- — West Red Lake Gold Reports Strong Q2 Operating Progress with 73% Increase in Mined Ounces and 51% Higher Gold Production over Q1 at Madsen Mine (GlobeNewswire)
Analysis — what this means
Sectors affected
- Gold mining (Madsen Mine, Ontario, Canada)