West Red Lake Gold Reports 2025 Results and Provides 2026 Production Guidance

West Red Lake Gold reported 2025 operating results and issued 2026 production guidance after achieving commercial production at the Madsen Mine in January 2026. The company produced 20,000 oz in 2025 (C$103m revenue) and is guiding 2026 output of 35,000–45,000 oz with a H2 2026 full-run rate target; cash costs are guided at US$2,400–3,100/oz and AISC at US$2,800–3,600/oz (USD/CAD FX assumption 1.37). Management plans capital allocation to underground development, satellite deposits and a C$15m growth capex program to support ramp-up and longer-term scale to ~120,000 ozpa over the next four years. For markets, the release signals a transition from development to production, potential near-term increases in free cash flow if metal prices hold, and a path to materially higher gold output that could materially improve WRLG’s production profile and cost curve over time.