West Red Lake Gold Q3FY26 Results: Production 7,859 oz, guidance cut - scanx.trade

AI desk brief

West Red Lake Gold cut 2026 production guidance to 27,000-32,000 oz from 35,000-45,000 oz after Q3 output came in at 7,859 oz, down from 8,576 oz in Q2. Year-to-date production is 22,102 oz, with September the strongest month since restart at 3,320 oz, but lower mined tonnage and softer grades in remnant areas offset higher mill throughput.

The company cited labour shortages in specialized underground roles and harder-than-expected remnant pillar extraction as the main operational headwinds. A secondary crusher was commissioned to support the mill’s 1,000 tpd capacity, while an integrated PFS for Madsen and Rowan is expected in coming weeks.