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West Red Lake Gold Reports 2025 Results and Provides 2026 Production Guidance

  • West Red Lake Gold Mines Ltd. reported 2025 results & 2026 guidance following Madsen Mine's commercial production start in January 2026.
  • 2025 Madsen Mine production totaled 20,000 ounces of gold with C$103 million in revenue & a cash balance of C$48 million.
  • 2026 production guidance ranges from 35,000 to 45,000 ounces, with approximately 60% of annual output targeted for the second half of the year.
  • 2026 cost guidance includes Cash Costs of $2,400 to $3,100 per ounce sold & AISC of $2,800 to $3,600 per ounce sold.
  • 2026 capital allocation includes C$15 million for growth capex (including Fork Deposit), C$5 million for regional exploration, & C$10 million for corporate G&A.
  • Q1 2026 sales of 6,165 ounces reflect a revised mining sequence prioritizing access to the 4447 complex in early Q2.
  • Current operational metrics show daily development rates averaging 24 metres & mill throughput averaging 685 tonnes per day in early Q2.
  • The company's strategy involves a hub & spoke model anchored by the Madsen mill, with plans to integrate satellite deposits starting in 2027.
  • 2027 mine plan focus includes the 904 complex & Fork deposit, while Rowan Project development is scheduled to commence in 2028.
  • Long-term targets aim for approximately 120,000 ounces per annum by 2030, representing a 300% increase over 2026 production levels.
  • 2026 priorities include completing the production ramp-up, advancing development at 904, Fork & Derlak complexes, & completing a combined Madsen-Rowan Pre-Feasibility Study.
  • A live webinar regarding the 2026 guidance summary is scheduled for April 24, 2026, featuring President & CEO Shane Williams.