Business
West Red Lake Gold Generates July Gold Sales of CND $16.4 Million in Madsen Mine Ramp-up Phase
(TheNewswire) Vancouver, BC – TheNewswire - August 7, 2025 – Global Stocks ...
About this update from West Red Lake Gold Mines Ltd
[{"type":"text","content":"West Red Lake Gold Generates July Gold Sales of CND $16.4 Million in Madsen Mine Ramp-up Phase\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, BC –\n \n TheNewswire -\n \n August 7, 2025\n– Global Stocks News - Sponsored content disseminated on behalf of\nWest Red Lake Gold. On August 6, 2025, West Red Lake Gold Mines (TSXV:\nWRLG) (OTCQB: WRLGF)\n \n\n provided an update on ramp-up\nactivities\n \n\n at the Madsen Mine in Red Lake, Ontario.\n \n\n In July 2025, three gold pours were made at Madsen, producing a total\nof\n \n 3,800 ounces of gold\n \n . Of\nthat, 3,595 ounces were sold at an average price of US$3,320 per oz,\nwhich generated\n \n CND $16.4 million in\nrevenue\n \n .\n \n\n The company currently has a dual focus: 1. Achieving targeted ramp-up\ngold ounce production, 2. Instituting new operational efficiencies.\n \n\n “July was a good month for Madsen and our mine operations team,”\nstated Shane Williams, WRLG President and CEO. “Mine ramp-up is\nabout adding equipment, developing access to high-priority mining\nareas, and increasing operational efficiency until the mine\nconsistently produces the targeted daily tonnage at the targeted\ngrade.”\n \n\n In July the Madsen mine operations team completed sill development and\nmining in eight (8) areas spread across McVeigh, South Austin, and\nAustin. Mined material carried\n \n an\naverage grade of 8.9 grams per tonne gold\n \n .\n \n\n\n\n\n\n\n Click Image To View Full Size\n \n\n\n\n Figure 1. Long section of the Madsen\nMine showing the eight areas of active mining, sill development, and\naccess development through the month of July 2025.\n \n\n\n “Our continued operational success through bulk sample and now\nramp-up demonstrates that we understand the geology and how to mine\nthe orebody,” Maurice Mostert, WRLG VP of Technical Services told\nGuy Bennett, CEO of Global Stocks News (GSN). “As a company, we are\nconservative by nature. With our density of drilling, we've mitigated\nrisk significantly.”\n \n\n “In numerous cases, where we’ve expected to find the edge of a\nzone, further drilling has grown that zone,” continued Mostert.\n“That means we don't have to urgently develop to a new area to reach\nour ounce...