10:57:25 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Pure Gold Mining Inc
Symbol PGM
Shares Issued 384,935,947
Close 2020-08-14 C$ 1.99
Market Cap C$ 766,022,535
Recent Sedar Documents

Pure Gold resumes operations at Red Lake mine

2020-08-17 06:34 ET - News Release

Mr. Darin Labrenz reports

PUREGOLD RESUMES OPERATIONS AT SITE

Pure Gold Mining Inc. has provided an update. The forest fire that had been active in the area south of the town of Red Lake is now under control and the evacuation order for the municipality of Red Lake has been rescinded. Power and access have been restored to site and the company is transitioning to a full resumption of mine activities.

Both surface and underground inspections have been completed and confirm that there is no damage to infrastructure or equipment at the mine site. The temporary shutdown had no material impact on the company's development schedule with first gold pour expected in the fourth quarter of 2020.

"The immediate response and tireless efforts of the Ministry of Natural Resources and Forestry contained the fire, protecting the people, homes, businesses and vital infrastructure of the community. On behalf of Pure Gold's board and executive management team, I would like to extend our sincere gratitude to all who worked so hard to protect the community," said Darin Labrenz, president and chief executive officer. "We would also like to thank and commend our staff and contractors for their steadfast co-operation and for working together to keep everyone and everything safe."

About Pure Gold Mining Inc.

The Pure Gold Red Lake mine is Canada's next gold mine. Fully financed, the project is on track to deliver near-term gold production into a rising Canadian gold price environment, with first production scheduled for late 2020. The orebody is situated within a seven-kilometre-long gold system that is wide open for expansion at depth and along strike, and multiple discoveries by the company suggest potential opportunities for near-term growth.

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