GlobeNewsWire
15 Jul 2026, 08:30 UTC · 2h ago
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West Red Lake Gold maintains its full-year 2026 production guidance of 35,000 to 45,000 ounces of gold. — Confirmation that the company is on track to meet annual targets reduces uncertainty and supports the current valuation.
+0.60The company's mining rate increased to over 1,000 tonnes per day (tpd) in the latter half of Q2, exceeding the current mill throughput capacity. — Demonstrates operational scalability and the ability to build inventory (stockpiles), which mitigates future supply risks to the mill.
+0.50West Red Lake Gold expects mill throughput to continue increasing toward a sustained rate of 1,000 tpd for the remainder of the year. — Higher processing rates lead directly to increased gold output and revenue generation.
+0.40Which stocks this story touches
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The company reported strong Q2 operating progress, including a 73% increase in mined ounces and a 51% increase in gold production over Q1.
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