West Red Lake Q2 2026 profit rises as Madsen output ramps up and costs fall

Reuters2026/08/26 11:50

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For Q2 2026, management tied stronger results to mine resequencing that opened more stoping fronts, lifting operational flexibility.
Gold production rose to 8,576 oz from 5,667 oz in Q1, supported by 46% higher mined tonnes and 18% higher mined grade.
Gold revenue increased to CAD 49.04 million from CAD 41.76 million as ounces sold climbed 34% to 8,260.
Unit costs fell with higher throughput, with cash costs at USD 2,000/oz sold and AISC at USD 3,284/oz sold.
Free cash flow turned positive at CAD 9.66 million from a CAD 6.14 million outflow, helped by lower sustaining capital.

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 on August 25, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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West Red Lake Q2 2026 profit rises as Madsen output ramps up and costs fall

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