Pure Gold Mining Completes First Gold Pour At Red Lake Mine

Pure Gold Mining (TSXV: PGM) has officially made the transition from explorer to producer, this morning announcing that it has successfully completed its first gold pour from its PureGold Mine in Red Lake, Ontario. The pour was conducted yesterday, with the firm using ore that first began being delivered to the mill at the midpoint of the month.

Following this achievement, the company has indicated that it intends to achieve commercial production by the end of the first quarter of 2021. The company is not focused on optimizing operations on site, with guidance expected to begin being issued at the end of the first quarter.

Despite now being an operational mine, the company has indicated that it intends to continue with aggressive exploration at the PureGold Mine, both surface and underground exploration to continue. The company also intends to update its mineral resource estimate with data from the last two years in 2021, while continuing with improvements to the mine design and plan.

Pure Gold Mining last traded at $2.64 on the TSX Venture.


Information for this briefing was found via Pure Gold Mining and Sedar. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

First Majestic Posts Record Cash Flows In Q1 As Production Costs Fall

Brazil Potash Secures Funding In Support Of US$2.5 Billion Autozales Project

Related News

The De-Dollarization Frenzy: China Covertly Buying Gold to Reduce US Dollar Exposure

The West’s sanctions against Russia are backfiring, particularly for the US dollar, which is slowly...

Friday, November 25, 2022, 06:29:00 AM

Todd “Bubba” Horwitz Sees $2200 Gold & $35 Silver In 2023

Joining us today on the Daily Dive is Todd “Bubba” Horwitz, founder and CEO of...

Thursday, March 23, 2023, 01:30:00 PM

Vizsla Resources Announces $25.0 Bought Deal Following Assay Results

Never let a good opportunity go to waste is the exact mantra Vizsla Resources Corp...

Thursday, July 9, 2020, 08:36:40 AM

Falcon Gold Increases BC Land Claims

Falcon Gold (TSXV: FG) has acquired additional claims along the Spitfire-Sunny Boy trend in Meritty,...

Thursday, June 4, 2020, 10:41:10 AM

Victoria Gold Guides To 180,000 To 200,000 Ounces Of Gold Production For 2021

Victoria Gold Corp (TSX: VGCX) this morning released production and cost guidance for 2021 for...

Monday, March 1, 2021, 09:21:54 AM