PureGold Finally Achieves Commercial Production At Flagship Mine

Pure Gold Mining (TSXV: PGM) this morning had a rather significant announcement. The firm has finally achieved commercial production at its PureGold Mine in Red Lake, Ontario.

The official declaration follows an extended period of commissioning at the mine. The company conducted its first gold pour back in December 2020, after which it stated that it expected to declare commercial production by the end of the first quarter of 2021, with guidance expected to be issued at the same time.

Things however did not quite go to plan. The company postponed the date for official commercial production and then in May indicated that it anticipated to hit production by the end of the second quarter, following the firm intersecting high grade gold mineralization.

Despite this, official production evidently was delayed slightly yet again, with commercial production declared effective as of August 1 today. The company is now nearing its design capacity of 800 tonnes per day of ore, with its mine and milling systems fully operating.

Pure Gold Mining last traded at $1.31 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.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Pure Gold Sees Mineral Resources, Grades Decline In Latest Estimate Update

Pure Gold Mining (TSXV: PGM) has finally updated the current mineral resource estimate for its...

Wednesday, August 10, 2022, 08:47:57 AM

Battle North Gold’s Takeover Price Has Negative Read-Through For Pure Gold’s Valuation

On March 14, Evolution Mining Limited (ASX: EVN) reached an agreement to acquire Battle North...

Sunday, March 21, 2021, 09:00:00 AM

Pure Gold: No Damage At Site, Operations Suspended Temporarily Due To Fire

Pure Gold Mining (TSXV: PGM) released a very early update this morning in relation to...

Tuesday, August 11, 2020, 08:21:31 AM

Pure Gold Hits 55.4 g/t Gold Over 5.0 Metres At Red Lake Mine

Pure Gold Mining (TSXV: PGM) this morning reported results from its drill program that was...

Thursday, October 28, 2021, 08:34:20 AM

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...

Wednesday, December 30, 2020, 07:58:19 AM