West Red Lake Gold Mines said its board of directors has approved management’s recommendation to restart its flagship Madsen gold mine in Ontario immediately.
“West Red Lake Gold acquired the Madsen mine in June 2023 with the goal to use our team’s deep technical experience to unlock the abundant but at the time discounted potential of this mine,” said Shane Williams, president and CEO of West Red Lake Gold.
“We have pushed hard for two years to accomplish that feat and now, with major infrastructure projects complete and our bulk sample having delivered mined tonnes and gold grade aligned with modeled expectations, our approach has been validated and we are ready to mine on a continual basis.
“This restart decision is a major milestone that has been achieved by systematically derisking the technical, operating, and funding requirements of a sustainable high-grade gold operation at Madsen and I am very pleased to deliver this restart to all key stakeholders, including our shareholders and neighbors,” Williams concluded.
For the last year, the Canadian miner has communicated a plan to restart the Madsen mine by mid-2025. It plans to mine and process an average of 500 tonnes per day for the first two months before ramping up operations through the second half of the year.
Source: West Red Lake Gold Mines