West Red Lake Gold Mines (TSXV:WRLG) - Grade, Tonnage, Cash Flow All Climb After Strong Q2 Step-Up
About this episode
Shane Williams discusses the operational improvements and financial performance of West Red Lake Gold Mines following a strong second quarter.
Interview with Shane Williams, President & CEO of West Red Lake Gold Mines Our previous interview: https://www.cruxinvestor.com/posts/growth-stories-winning-teams-that-know-how-to-find-gold-get-it-out-of-the-ground-9290 Recording date: 16th July 2026 West Red Lake Gold Mines' second-quarter 2026 operational update provides the clearest evidence yet that the ramp-up strategy at its Madsen Mine, in Ontario's Red Lake district, is translating into measurable production gains. Gold output rose 51% quarter-on-quarter to 8,576 ounces, while mined ounces climbed 73% to 10,459, reflecting improvements in both mining rate and average grade. Mined tonnage increased 46% to 75,524 tonnes, and average mined grade rose 23% to 4.3 g/t from 3.5 g/t in Q1. Perhaps most notable for investors focused on operational leverage: mining rates in the back half of Q2 consistently exceeded the mill's currently permitted 800 tpd capacity, a reversal from the mine's history under prior operator Pure Gold, which struggled to achieve comparable throughput. The excess mining rate allowed West Red Lake Gold to build a surface stockpile of roughly 10,768 tonnes, representing about half a month of mill feed…
More episodes of Company Interviews
- Future Metals (ASX:FME) - Aus PGM Developer Targets 2029 Production Amid Supply Gap
- Cobra Resources (LSE:COBR) - Deeper Drilling Points to Bigger Copper System
- Mining Alpha with Michael Gentile - Buying While Everyone's Bearish
- Marimaca Copper (TSX:MARI) - 'Undervalued?' Investment Series, with Hayden Locke
- Cartier Resources (TSXV:ECR) - New Discoveries Reshape Cadillac Gold Camp, PEA Update Underway
- ATHA Energy (TSXV:SASK) - Building the Next Uranium Basin
Explore listener stats, chart rankings, contacts and more on the Company Interviews podcast page.