Madsen Mine
Flagship Property · Red Lake, ON
C$350M+
Invested to date
Madsen is the flagship asset which commanded a peak value of over C$1 Billion. Significant infrastructure in place with over C$350 million invested to date.
Learn More →West Red Lake Gold Mines is unlocking growth at the Madsen Mine in Ontario's Red Lake Gold District — a region that has produced over 30 million ounces of gold in the last 100 years.
West Red Lake Gold Mines Ltd. is a publicly traded gold company focused on its flagship Madsen Mine in the Red Lake Gold District — a Canadian district that has yielded over 30 million ounces of gold in the last 100 years. West Red Lake purchased the Madsen Mine out of bankruptcy in 2023, spent two years developing a reliable resource modelling and mine engineering workflow, built the infrastructure essential for efficient operations, and mined a bulk sample.
Operations ramped up in H2 2025, setting Madsen up to declare commercial production at the start of 2026 as a rare new gold mine in a rising gold market.
Looking ahead, West Red Lake plans to complete a new Prefeasibility Study in 2026 that paves the way for gold production at Madsen to double from its starting rate of approximately 45,000 oz. per year in just a few years, by developing the nearby Rowan deposit as a satellite mine while expanding operations at Madsen.
Featured Video
Madsen: The New High-Grade Canadian Gold Mine
A 47 sq. km land package in the heart of Red Lake — anchored by the flagship Madsen Mine and the high-grade Rowan satellite project.
Flagship Property · Red Lake, ON
C$350M+
Invested to date
Madsen is the flagship asset which commanded a peak value of over C$1 Billion. Significant infrastructure in place with over C$350 million invested to date.
Learn More →Exploration & Satellite · 12 km Strike
3,100 ha
Total land package
A 3,100-hectare property with a 12 km strike length that hosts three historic mines. Future mined material from Rowan could be processed at the Madsen mill.
Learn More →Our 47-square-kilometre land package sits in the heart of one of Canada's most prolific gold districts, with the Madsen mill at its core and the Rowan satellite project to the south.

May 26, 2026
April 28, 2026
April 23, 2026
Reach out to our investor relations team or join our news list.