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West Red Lake Gold completes Phase One Madsen Mine shaft refurbishment, targets 200 tpd hoisting capacity
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West Red Lake Gold completes Phase One Madsen Mine shaft refurbishment, targets 200 tpd hoisting capacity
  • West Red Lake Gold completed Phase One refurbishment of the Madsen Mine shaft in Ontario’s Red Lake district.
  • Phase One established initial hoisting capacity of about 200 tonnes per day for ore and waste.
  • Phase Two targets about 700 tonnes per day by H2 2027; major equipment is on site with installation underway.
  • Phase Three targets about 2,000 tonnes per day by H2 2028 to support deeper mining, potentially to Level 17.
  • Project aims to increase material handling capacity, cut haulage costs, improve efficiency, support higher production rates as mining advances deeper.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. West Red Lake Gold Mines Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608130530PRIMZONEFULLFEED9809278) on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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