WEST RED LAKE GOLD ANNOUNCES OFFICIAL RESTART OF THE MADSEN MINE

May 22, 2025 — At a meeting on May 21, 2025, the West Red Lake Gold Mines Ltd. board of directors approved management’s recommendation to restart the Madsen mine immediately.

“West Red Lake Gold acquired the Madsen mine in June, 2023, with the goal to use our team’s deep technical experience to unlock the abundant, but at the time discounted, potential of this mine,” said Shane Williams, president and chief executive officer. “We have pushed hard for two years to accomplish that feat and now, with major infrastructure projects complete and our bulk sample having delivered mined tonnes and gold grade aligned with modelled expectations, our approach has been validated and we are ready to mine on a continual basis.

“This restart decision is a major milestone that has been achieved by systematically derisking the technical, operating and funding requirements of a sustainable, high-grade gold operation at Madsen, and I am very pleased to deliver this restart to all key stakeholders, including our shareholders and neighbours.”

For the past year, West Red Lake Gold has communicated a plan to restart the Madsen mine by the middle of 2025. Restarting now delivers this milestone slightly ahead of schedule, positioning the mine for an exciting second half of the year. Specifically, the company plans to mine and process an average of 500 tonnes per day for the first two months before ramping up operations through the second half of the year.

About West Red Lake Gold Mines Ltd.

West Red Lake Gold Mines is a mineral development company that is publicly traded and focused on advancing and developing its flagship Madsen gold mine and the associated 47-square-kilometre, highly prospective land package in the Red Lake district of Ontario. The highly productive Red Lake gold district of Northwestern Ontario, Canada, has yielded over 30 million ounces of gold from high-grade zones and hosts some of the world’s richest gold deposits. West Red Lake Gold Mines also holds the wholly owned Rowan property in Red Lake, with an expansive property position covering 31 square kilometres, including three past-producing gold mines — Rowan, Mount Jamie and Red Summit.

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Featured Image @ Freepik

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