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West Red Lake Gold Announces Official Restart of the Madsen Mine
GlobeNewswire·2025-05-22 07:32

Core Viewpoint - West Red Lake Gold Mines Ltd. has approved the immediate restart of the Madsen Mine, marking a significant milestone in the company's operational strategy [1][3]. Company Overview - West Red Lake Gold Mines Ltd. is focused on advancing its flagship Madsen Gold Mine and holds a highly prospective land package of 47 km in the Red Lake district of Ontario, which has historically produced over 30 million ounces of gold [4]. Restart Decision - The decision to restart the Madsen Mine was made after two years of efforts to unlock its potential, with major infrastructure projects completed and bulk sample results meeting expectations [2][3]. - The company plans to mine and process an average of 500 tonnes per day for the first two months, with a ramp-up in operations expected in the latter half of the year [3]. Strategic Importance - The restart is seen as a validation of the company's systematic approach to derisking the technical, operational, and funding aspects of a sustainable high-grade gold operation [3].