A milestone for Pure Gold Mining in Red Lake.
The company poured its first gold bar on December 29, following the introduction of ore to the mill on December 15.
President and CEO Darin Labrenz says the PureGold Mine has come to life and they have transitioned to a producer and delivered on a promise to build Canada’s newest gold mine in the heart of Red Lake on budget and on schedule.
Labrenz says the company is concentrating efforts on ramping up and optimizing the operation, with commercial production expected by the end of the first quarter of this year.
He adds they are also pursuing an aggressive growth strategy for 2021, with ongoing exploration drilling from both surface and underground.
Stocks in Pure Gold Mining were trading at $2.60 Monday and the price of gold right now is $2,387.35.
