West Red Lake Gold reported Madsen Mine gold production of 7,859 ounces in Q3 2026, bringing year-to-date output to 22,102 ounces, with September the strongest month since the mine restarted at 3,320 ounces. Mining rates were affected by industry-wide shortages of skilled underground labour and harder-than-expected extraction of remnant pillars, while the mill averaged about 867 tpd. A secondary crusher was commissioned during the quarter, supporting processing of up to 1,000 tpd, and specialized contractors were added to support underground work. The company cut its 2026 Madsen guidance to 27,000–32,000 ounces from 35,000–45,000 ounces, and expects to release its Integrated Madsen and Rowan Pre-Feasibility Study in the coming weeks.
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| Market | Gold |
|---|---|
| Close on 10/26/2026 | 4,017.27 |
| Change that session | +0.54% |
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