West Red Lake Gold’s (TSXV: WRLG) Madsen mine just delivered its strongest quarter since the restart. Production jumped 51%, all-in sustaining costs fell 30%, margins improved sharply, and the operation generated positive free cash flow for the first time. The mine also built a meaningful surface stockpile, a sign that mining rates have finally started outrunning the mill.
In this video, we break down what improved at Madsen, why costs are finally moving in the right direction, the challenges still standing between West Red Lake and its full-year guidance, and whether the operation can now prove that Q2 was more than just one good quarter.
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