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West Pink Lake Gold Mines Ltd. (“West Pink Lake Gold” or “WRLG” or the “Firm”) (TSXV: WRLG) (OTCQB: WRLGF) is happy to offer a 3rd quarter ( “Q3” ) replace on the ramp-up of the Madsen Mine positioned within the Pink Lake Gold District of Northwestern Ontario, Canada.
“Ramp up on the Madsen mine is progressing properly,” stated Shane Williams, President and CEO. “It’s thrilling to see tonnages rise, efficiencies enhance, and gold manufacturing develop quarter by quarter, as deliberate.”
“It takes a methodical method to step a mine in direction of regular state operations, ramping up day by day mining whereas finishing closing infrastructure tasks and underground improvement wants, and at Madsen we are actually seeing the advantages of such an method. Operational efficiency on the mine in Q3 continued throughout the anticipated vary. Importantly, key parameters remained constant, together with ongoing sturdy reconciliation between deliberate and precise gold grades in modeled tonnes, and sure capital tasks are beginning to have notable optimistic impacts. I’m excited to see the ultimate items of this operation come into place over the fourth quarter, positioning Madsen for industrial manufacturing in early 2026.”
In Q3 the Madsen Mine produced 35,700 tonnes of ore at a median grade of 5.4 grams per tonne gold. The mill poured 7,055 ounces of gold. Notice that mined and poured ounces don’t align due to elements together with month finish timings and gold in circuit. These ounces have been offered at a median worth of US$3,456 per ounce for gross proceeds of CAD$33 million.
This compares to five,260 ounces of gold poured in Q2 for gross proceeds of CAD$24 million and 496 ounces of gold in Q1 for gross proceeds of CAD$2.1 million. Q3 gold manufacturing represented a 34% enhance over Q2 gold manufacturing, a fee that positions Madsen to achieve focused output ranges early in 2026.
Mined ore tonnage is growing month over month, throughout the variability of mine ramp up. Rising day by day mined tonnage is the first ramp-up issue at Madsen, so the Firm is happy to report ore tonnage rising persistently.
Determine 1. Ore tonnes mined at Madsen on a month-to-month foundation from December 2024 by way of September 2025.
Mined waste improvement can be progressing as deliberate, as crews drive entry to new areas for drilling and mining. Importantly, as of mid-September mined waste is now being saved largely underground.
The underground waste rock storage program is a key de-bottlenecking effort just lately in impact and is immediately supporting the mine’s capability to maneuver ore tonnes. Within the second half of September the mine moved over 1,000 tonnes of ore per day on a number of days, together with a document day transferring 1,400 tonnes. This new capability to retailer all waste rock underground, which has shifted trucking capability away from waste haulage to ore haulage, bodes properly for manufacturing.
When it comes to processed tonnes, variability was a part of the ramp-up plan. To check the mill’s capability to run at increased throughputs, in June and July the mill was fed a mix of mined and stockpiled tonnes. For the reason that begin of August, the mill has solely processed direct mined tonnes. Madsen’s gold output is now a transparent illustration of what the mine is producing because the operation progresses in direction of operational stability.
Focus throughout Q3 was on balancing the competing priorities of ramp-up tasks and common mining operations. For example, the necessity to develop a secondary egress from a key mining advanced impacted ore manufacturing in August whereas work on underground energy distribution impacted mining optionality in September. The Firm additionally managed labour drive availability impacts stemming from the June mine website incident.
Reconciliation between modeled and precise mined grades stays sturdy. Determine 2 under reveals a comparability of modeled versus precise longhole stope grades. Notice that sill improvement contributed 25 to 30% of milled tonnage over the quarter; Determine 2 doesn’t think about sill tonnes and grade. See Determine 3 for sill grade information.
Determine 2: Comparability of modeled versus precise gold grade in mined longhole stopes. Notice this chart doesn’t embrace sill tonnes and grade.
Sill improvement tonnes proceed to outperform on grade. In Q3, mined sill tonnes averaged 8.8 g/t gold.
Determine 3. Sill improvement gold grade and ounce manufacturing on the Madsen Mine.
Gear availability has improved over the quarter as upkeep methods ramped up. The upkeep group is holding availabilities for haul vehicles, scoops, jumbo drills, and different gear at goal ranges.
Pathway to Business Manufacturing
In the course of the quarter West Pink Lake Gold outlined the operational elements the Firm goals to implement earlier than declaring industrial manufacturing. With the mine seeing good progress on staffing, the geology-engineering workflow producing good reconciliation and grounding an achievable detailed mine plan, the mill returning sturdy and constant recoveries, and different elements from upkeep to water remedy additionally ramping up as anticipated, focus with respect to industrial manufacturing went to operational elements, together with:
- Storage of waste rock in historic underground voids. The Madsen Mine produced roughly 2 million ounces of gold from 1936 to 1972. Many mined-out stopes have been backfilled, however a number of massive historic stopes have been left void. As West Pink Lake Gold advances deeper into the mine, such stopes are verified and measured. It was decided that the 1136 void, which is proximal to the 1155 mining advanced that’s offering 40% of mine’s produced ounces in H2 2025, is considerably bigger than anticipated (65,000 tonnes versus an preliminary expectation of 34,000 tonnes). It’s also a reliable void. Consequently, this space is now being utilised to retailer waste rock utilising a mix of cemented rock fill (“CRF”) and dumped waste rock, at charges as much as 2,000 tonnes per day.
Since getting this waste storage course of operational in mid-September, ore manufacturing from the mine has elevated due to elevated truck availability and air flow capability.
- Skipping 350 tonnes per day up the shaft. The Madsen Shaft was developed within the Fifties; the Firm rehabilitated the sq. timbered shaft in H2 2024. In 2025 administration determined to make use of the shaft to maneuver materials. West Pink Lake Gold ordered the wanted hoist elements; the rope was delivered in August whereas the skip and scrolls are anticipated in October.
As soon as these elements are put in, the Firm expects to begin transferring 350 tonnes of ore out of the mine every day by way of the shaft. That is anticipated to offer notable profit over trucking these tonnes by way of value financial savings and air flow capability.
- Ultimate gear deliveries. The mine expects to take supply of one other 42-tonne haul truck and two 4-yard Komatsu scoops over the following two months, which can full the deliberate fleet of mining gear.
The primary of those necessities – underground waste storage – is now operational. The shaft is anticipated to begin working in November and the gear needs to be delivered and operational at roughly the identical time.
These achievements will create operational stability on the Madsen mine. The 2026 detailed mine plan can be anticipated earlier than the top of the 12 months, which can allow assured steerage as a part of a declaration of business manufacturing.
“The Madsen Mine stays on monitor in direction of industrial manufacturing,” states Williams. “We’re staying targeted on a methodical method to this ramp up as a result of growing a robust sustainable mine offers us the potential to create extra worth in Pink Lake. Such potential could be very obvious in our Rowan challenge, which we’re advancing shortly in order that its anticipated manufacturing fee of 35,000 ounces provides to our Pink Lake manufacturing profile inside just a few years, and we see important further worth potential at Madsen as we check high-grade targets in and across the deposit and unlock the deeper alternative of this gold system.”
Further Info on Latest Financing
In reference to the Firm’s purchased deal public providing beforehand disclosed on September 23, 2025, the Firm raised an combination of C$40,651,260 and the Firm paid Raymond James Ltd., as lead underwriter, a money fee of $2,270,469.60.
The technical data introduced on this information launch has been reviewed and accredited by Will Robinson, P.Geo., Vice President of Exploration for West Pink Lake Gold and the Certified Individual for exploration on the West Pink Lake Mission, and by Hayley Halsall-Whitney, P.Eng., Vice President of Operations for West Pink Lake Gold and the Certified Individual for technical providers on the West Pink Lake Mission, as outlined by Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks.
ABOUT West Pink Lake Gold Mines
West Pink Lake Gold Mines Ltd. is a gold mining firm that’s publicly traded and targeted on its flagship high-grade Madsen Gold Mine and the related 47 km 2 extremely potential land package deal within the Pink Lake district of Ontario. The extremely productive Pink Lake Gold District of Northwest Ontario, Canada has yielded over 30 million ounces of gold from high-grade zones and hosts among the world’s richest gold deposits. WRLG additionally owns the Rowan Property in Pink Lake, which hosts a small, high-grade deposit that West Pink Lake Gold is trying to advance in direction of manufacturing.
ON BEHALF OF West Pink Lake Gold Mines LTD.
“Shane Williams”
Shane Williams
President & Chief Govt Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Gwen Preston
Vice President Communications
Tel: (604) 609-6132
E-mail: traders@wrlgold.com or go to the Firm’s web site at https://www.westredlakegold.com
Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.
CAUTIONARY STATEMENT AND FORWARD-LOOKING INFORMATION
Sure statements contained on this information launch might represent “forward-looking data” throughout the which means of relevant securities legal guidelines. Ahead-looking data usually might be recognized by phrases resembling “anticipate”, “count on”, “estimate”, “forecast”, “deliberate”, and comparable expressions suggesting future outcomes or occasions. Ahead-looking data is predicated on present expectations of administration; nevertheless, it’s topic to recognized and unknown dangers, uncertainties and different elements that will trigger precise outcomes to vary materially from the forward-looking data on this information launch.
Ahead-looking data entails quite a few dangers and uncertainties and precise outcomes would possibly differ materially from outcomes advised in any forward-looking data. These dangers and uncertainties embrace, amongst different issues, market volatility; the state of the monetary markets for the Firm’s securities; fluctuations in commodity costs; and modifications within the Firm’s enterprise plans. Ahead-looking data is predicated on plenty of key expectations and assumptions, together with with out limitation, that the Firm will proceed with its acknowledged enterprise aims and its capability to lift further capital to proceed. Though administration of the Firm has tried to establish necessary elements that might trigger precise outcomes to vary materially from these contained in forward-looking data, there could also be different elements that trigger outcomes to not be as anticipated, estimated or meant. There might be no assurance that such forward-looking data will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such forward-looking data. Accordingly, readers mustn’t place undue reliance on forward-looking data. Readers are cautioned that reliance on such data is probably not acceptable for different functions. Further details about dangers and uncertainties is contained within the Firm’s administration’s dialogue and evaluation for the 12 months ended December 31, 2024, and the Firm’s annual data kind for the 12 months ended December 31, 2024, copies of which can be found on SEDAR+ at www.sedarplus.ca.
The forward-looking data contained herein is expressly certified in its entirety by this cautionary assertion. Ahead-looking data displays administration’s present beliefs and is predicated on data at present obtainable to the Firm. The forward-looking data is made as of the date of this information launch and the Firm assumes no obligation to replace or revise such data to replicate new occasions or circumstances, besides as could also be required by relevant legislation.
For extra data on the Firm, traders ought to assessment the Firm’s steady disclosure filings which can be obtainable on SEDAR+ at www.sedarplus.ca .
Photographs accompanying this announcement can be found at
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