West Red Lake Is Pulling 50 g/t Gold Out of a Producing Mine

West Red Lake Gold Mines (TSXV: WRLG) is doing something a lot of explorers only dream about: hitting high-grade gold inside a mine that is already producing.

West Red Lake owns the Madsen Mine in Red Lake, Ontario, which declared commercial production in January 2026 and targets 35,000 to 45,000 oz Au in 2026 on an H2-weighted schedule. That is a real cash-generating asset, not a promise.

Now the upside. Underground drilling returned 43.38 g/t Au over 3.85m and 53.87 g/t Au over 3.1m in the Austin 904 Complex, plus a chunky 10.22 g/t Au over 13.35m in the Austin 955 Complex at roughly 600m depth. These intercepts expand the resource envelope and support improved economics — and they land with gold trading above US$3,200/oz. Drilling grade into a live production base is a powerful combination.

The risk: an H2-weighted year means the company still has to prove it can hit its 2026 production target on schedule.

Producing mine, high-grade step-outs, strong gold price. West Red Lake earns a spot on the watchlist.

This is market commentary, not investment advice — small-cap resource stocks are highly speculative and you can lose your entire investment.