6th Oct 2022 18:07
Pure Gold Mining Inc - Vancouver-based gold mining company focused on Canada - Achieves gold production guidance for the third quarter of 2022 at its 100%-owned PureGold mine in Ontario, Canada. Produces 9,041 ounces of gold in the quarter at a head grade of 4.5 grams per tonne. Processes 66,042 tonnes of ore, below guidance, however. Blames nine unexpected days of lost production due to downtime of the contract crusher and an issue with automation control electronics in the mill. Production costs are expected between USD9.5 million and USD10.5 million per month, in line with previous guidance. Company expects costs to trend downwards through the fourth quarter. Read More