Gwen Preston
gold mine restart and production ramp-up in Red Lake
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Economic vision
gold mine restart and production ramp-up in Red Lake
Reliability notes
- Admin-validated speaker with linked X / Twitter profile.
- Preview built from 7 analyzed appearances.
- Latest tracked appearance: 2025-12-21 09:53.
- Most often seen on David Lin.
Mining company record (15)
15 transcript-backed statements from 1 appearance, covering milestone, cash position, deposit type and other company claims. These reflect management's own framing and have not been independently verified.
- Is the resource figure supported by a current NI 43-101 / JORC technical report — and is it measured, indicated or inferred?
- Is the stated grade a reserve grade, a resource grade, or a single drill intercept?
- Which study do these economics come from — PEA, pre-feasibility or feasibility?
- What metal price and discount rate underpin the NPV and IRR?
tapping into a high-grade gold resource uh with a mine that's set almost to uh it's almost at commercial production.
we get deeper into the mine where there has been less historic mining. So, you don't have to work around historic workings as much. There's more virgin territory
ounces per vertical meter at Madson increase as you go down because it hasn't been mined before.
grade is higher. ounces per vertical meter at Madson increase as you go down because it hasn't been mined before.
There's been 30 million ounces pulled from the ground in Red Lake over the last hundred years.
in the Q3 we were trading dollars, call it, and now, you know, we're stepping it up
just over 7,000 hours has produced but that's not the story... in that case 33 million bucks on top of the previous 20 24 25 sort of million as well.
we got 24% more tons on a daily basis out of the mine in October than we had in September
We need to get the shaft going. That's going to happen in the next couple weeks.
Probably in 2027, think about 10 or 15% more in 2027 as we get deeper into the mine where there has been less historic mining.
About 50,000 ounces produced in 2026.
we produced just over 7,000 ounces in the third quarter.
We'll be in full scale production early in 2026 and then we're looking to grow our production from there with this gold market.
In September, we stopped having to truck waste material up and out of the mine.
we have laid out a pretty clear pretty clear path for West Red Lake to be producing 100,000 ounces in Red Lake.
Every claim above was said by Gwen Preston in the interview it is dated to, and carries their own words. Nothing is added from filings, and nothing has been checked against them. Transcripts are automated — clearly mis-heard words are corrected for readability, never figures, dates or the speaker's own hedges. Not financial advice: an executive discussing their own company has an interest in it.
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