West Red Lake Gold

WRLG Madsen Restart and the Road to Commercial Production

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TSXV: WRLG
OTCQB: WRLGF

Recorded on December 18, 2025.

Hosts Andy Millette and Steve Yang speak with Gwen Preston, VP Communications at West Red Lake Gold Mine, about where the company is in the Madsen restart, what the near-term operating milestones are, and what could drive the next leg of market re-rating.

Key topics include

Ramp up progress and what the company defines as commercial production

2026 production expectations and how management frames the growth pathway

Mill throughput, the expansion constraint, and what needs to change to scale

Rowan and Fork and how they fit into a hub and spoke approach in Red Lake

Why past history still weighs on sentiment and what proof the market needs

GUEST LINKS
West Red Lake Gold Mines website: https://westredlakegold.com/

Investor page: https://westredlakegold.com/investors/

X: https://x.com/WestRedLakeGold

LinkedIn: https://www.linkedin.com/company/west-red-lake-gold/

HOST LINKS
Host – Andy Millette | Natural Resource Stocks
Website: https://www.NaturalResourceStocks.net

YouTube Main: https://www.youtube.com/@naturalresourcestocks

YouTube Clips: https://www.youtube.com/@NaturalResoureStocksClips

X: https://x.com/theandymillette

LinkedIn: https://www.linkedin.com/in/andymillette/

Host – Steve Yang | Natural Resource Stocks
Website: https://www.NaturalResourceStocks.net

YouTube Main: https://www.youtube.com/@naturalresourcestocks

YouTube Clips: https://www.youtube.com/@NaturalResoureStocksClips

X: https://x.com/TheSteveYang

LinkedIn: https://www.linkedin.com/in/thesteveyang/

TIMESTAMPS
0:00 Intro and why West Red Lake matters in Red Lake
0:31 Stage of the story and why timing matters
1:07 Ramp up status and commercial production framing
2:09 2026 production clarification and expectations
3:07 Throughput and what limits expansion today
3:25 Rowan overview and why it feeds the growth narrative
7:14 Gold price context and the market re-rating angle
9:48 Updating the plan and what a new study could reflect
10:09 Fork discussion and how it fits the bigger picture
31:07 Prior operator history and what proof investors demand

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