In Episode 3 of EarthLabs Expeditions, host Jonathan Brazzo joins the West Red Lake Gold Mines (Ticker: WRLG.v or WRLGF for US investors) team at their past-producing Madsen Mine in Red Lake, Ontario. WRLG is leveraging a $6 million acquisition for $350M worth of mining infrastructure—termed the "deal of the decade"—to revive and modernize this key asset.
WRLG’s strategy centers on building a strong infrastructure to support long-term gold production, with the Madsen Mine as the foundation for its goal of becoming a mid-tier gold producer. Key activities include underground drilling, blasting, and developing access passageways to high-grade ore zones.
With over 100 workers on-site, WRLG has quickly advanced operations, moving smoothly from exploration into the early stages of production. The existing infrastructure, such as a fully functional headframe and mill, provides a significant advantage, minimizing capital expenses and facilitating a faster transition to production.
The mill is currently permitted to process 800 tons per day, but likely has the ability to reach 1,500 tons/ with some modification. Combined with the mine’s strategic location, this positions WRLG well for scalable production growth. The presence of a shaft further enhances efficiency, reducing material transport costs from $20-25 per ton by truck to just $4 per ton using the shaft.
By focusing on operational excellence and optimizing its strategic assets, WRLG aims to transition from a restart project to a key player in the Red Lake gold mining district.
Watch the full video here:
Posted on behalf of West Red Lake Gold Mines Ltd.