First Gold Poured at the PureGold Mine
Pure Gold Mining Inc., the PureGold Mine poured it's first gold bar at the Company’s high-grade Mine, in Red Lake, Ontario. The first pour occurred on December 29th, following the introduction of ore to the mill on December 15th, 2020.
“Today, the PureGold Mine has come to life. With our first gold pour, we have transitioned to producer, and delivered on our promise to build Canada’s newest gold mine in the heart of Red Lake Ontario, on budget and on schedule,” said Darin Labrenz, President and CEO of PureGold. “To build a mine at any time requires a complete team effort comprised of dedicated, driven, and focussed individuals. To do so under the unique challenges of 2020 speaks to the quality and dedication of the entire team. With this first gold bar, we are now focussed on ramping up the operation to steady state production as we continue to build a long-life growth company in Red Lake.”
With the commencement of production at the PureGold Mine, activities at site are now concentrated on optimizing the operation, with Commercial Production anticipated by the end of Q1 2021 at which time the Company will be providing guidance. PureGold will also continue to pursue its aggressive growth strategy in 2021, with ongoing exploration drilling from both surface and underground, an update of mineral resources to include drilling completed over the last two years, and incorporation of significant improvements in mine design and mine plan.
As the second operating mine in Red Lake, the PureGold mine is a major contributor to the economy of the region. The mine currently employs over 200 people and the workforce is expected to average 350 individuals during the 12-year phase one mine operation with approximately $470 million in life of mine salaries projected over that period.
PureGold is one of the world’s highest-grade gold mines – it’s higher than 95% of gold mines, anywhere on this planet. With the pouring of first gold, PureGold will join an elite group of gold producers who own multi-million-ounce deposits located in tier-one mining jurisdictions.
Tags: Northern Ontario / New Projects / Gold / All Articles