- Write by:
-
Tuesday, August 3, 2021 - 14:17:06
-
460 Visit
-
Print
Mining News Pro - Vancouver-based PureGold has reached commercial production at its namesake mine in Ontario, marking an “exciting” growth phase for the company, reports CEO Darin Labrenz.
“By combining stable gold production with the high-grade exploration potential that makes the PureGold mine so unique, we are making significant progress toward our goal of unlocking the full potential of the PureGold mine and becoming Canada's next iconic gold producer,” he says.
The PureGold mine, milling facilities and other critical systems are all operating in line with, or rapidly approaching, design capacity of 800 t/d of ore on a sustainable basis.
Construction of the mine started in 2019 and first gold was poured in December 2020. The Phase 1 mine is expected to produce more than one-million ounces of high-grade gold over a 12-year mine life.
With the cash flow generated from gold production, PureGold will pursue a phased organic growth strategy and continue expansion along a 7-km-long gold corridor.
Phase 2 is already under way and so is planning for Phase 3, which will incorporate existing and newly-discovered mineral resources that lie outside the Phase 1 footprint into an expanded mine plan.
Short Link:
https://www.miningnews.ir/En/News/615210
South African diversified miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, ...
Africa-focused Montage Gold announced Thursday it has received a ministerial order granting all environmental approvals ...
Newmont Corp. has no plans to expedite a decision on its $2.5 billion Yanacocha Sulfides project, dashing the Peruvian ...
China’s central bank added 60,000 troy ounces of gold to its reserves in April, official data showed on Tuesday, ...
Gold rose after mixed signals from the US, where optimism is growing the economy is on target for a soft landing as the ...
Executives from Saudi Arabian mining company Manara Minerals are in Islamabad to continue talks about buying a stake in ...
Harmony Gold said on Thursday an employee working on planned rail maintenance had died at its Mponeng mine in South ...
Emerging North American gold producer Contango ORE is boosting its landhold in Alaska with the acquisition of Canada’s ...
Gold fell, with market watchers saying the previous day’s rally in response to Federal Reserve Chair Jerome Powell’s ...
No comments have been posted yet ...