4th Jan 2022 13:05
Pure Gold Mining Inc - Vancouver, Canada-based gold miner - Says director and "seasoned mining engineer" Troy Fierro has replaced Darin Labrenz as chief executive. Chris Haubrich, vice president of business development, has replaced Sean Tetzlaff as chief financial officer.
Adds that PureGold mine in Red Lake, Ontario is targeting production in the range of 600 tonnes to 700 tonnes per day in ore processed for the first quarter of 2022 at average head grades of 5.0 grammes to 7.0 grammes of gold per tonne. Says this will ramp up gradually from there as access to high-confidence, high-grade stopes increases.
For the last three weeks of December, the mine averaged an estimated 760 tonnes processed per day. On a quarterly basis, average tonnes per day came in at 538 in the first quarter; 518 in the second quarter; 685 in the third quarter; and 556 in the fourth quarter. Gold production in the fourth quarter was 7,657 ounces.
Current stock price: 38.88 pence, down 6.2%
12-month change: down 74%
By Greg Roxburgh; [email protected]
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