Pure Gold Mining (TSXV: PGM) has seen its operations at its Madsen property resume following the Red Lake fire that began last week. The fire, while starting near the mine site, is said to have not damaged any infrastructure or equipment at site after surface and underground inspections were conducted.
Power and access to the site has now been restored following the events that unfolded last week, with power having been cut last week following line damage from the fire. The temporary shutdown, as per the company, has had no material impact on the development of the Madsen property, with the first gold pour still anticipated to occur in the fourth quarter of this year.
The evacuation and travel restrictions which were put into place last week for the Municipality of Red lake were lifted over the weekend, following rain fall that occurred in the area. While currently ongoing, the fire is said to be entirely contained while still being 552 hectares in size. The region as a whole meanwhile has seen its fire hazard level fall to mainly low and moderate as a result of recent rainfall.
Pure Gold Mining last traded at $2.06 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.
