West Red Lake Gold Mines Declares Commercial Production at Madsen Gold Mine in Ontario
West Red Lake Gold Mines Ltd. has declared commercial production at the Madsen Gold Mine in Ontario, effective January 1, 2026, following a strong performance in December 2025, where the mill averaged 689 tpd and produced 3,215 oz of gold. In total, the mine generated US$73M in sales for 2025, with a quarterly output of 7,200 oz in Q4. Additionally, Power Metallic Corp.'s shares saw significant growth, and other companies in the sector are advancing their projects, including RecycLiCo Battery Materials Inc. and Toogood Gold Corp.
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West Red Lake Gold Mines Ltd. announced commercial production at the Madsen Gold Mine in Ontario, effective January 1, 2026. In December 2025, the mill averaged 689 tpd with 94.6% recoveries, producing 3,215 oz of gold.
Q4 2025 output totaled 7,200 oz, generating US$30M in revenue. For 2025, Madsen poured 20,000 oz, achieving US$73M in sales. Power Metallic Corp.'s shares increased from C$0.77 to C$1.52 in January 2026, and the company filed for an NYSE uplist.
RecycLiCo Battery Materials Inc. received construction permit approval for a lab in Delta, British Columbia, expected to be completed in early 2026. Toogood Gold Corp. confirmed a gold system at its Newfoundland project, with gold intersected in 30 drill holes. Brookmount Gold Ltd. is progressing on a spinoff of three gold properties into a new subsidiary, targeting a mid-2026 listing.
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