West Red Lake Gold Cuts Madsen 2026 Production Guidance to 27,000-32,000 Ounces
Bitget2026/10/27 09:30- West Red Lake Gold cuts 2026 Madsen gold production guidance to 27,000-32,000 ounces from 35,000-45,000 ounces.
- The revision reflects underground labor shortages and the mine’s ongoing production ramp-up; difficult remnant mining also constrained quarterly mining rates.
- Third-quarter gold production totaled 7,859 ounces versus 8,576 ounces in the second quarter, bringing year-to-date output to 22,102 ounces.
- A newly commissioned secondary crusher supports mill processing capacity of up to 1,000 tonnes per day.
- An integrated Madsen-Rowan prefeasibility study is expected in coming weeks, outlining a combined production plan using Madsen’s mill as the processing hub.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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