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IN BRIEF: Pure Gold Ramps Up Development Of Red Lake Gold Mine

24th Jun 2020 14:40

Pure Gold Mining Inc - Canada-based gold mine developer - Ramps up development of PureGold Red Lake Mine in Ontario, with major equipment procurement 94% completes and a total of 1,285 metres of underground mine development completed, at an advance rate 60% better than the mine plan. Process plant has been prepared for the installation of new equipment, while steel and concrete work modifications inside plant have started. Pure Gold Mining is fully funded to production, with first gold production planned for fourth quarter of 2020.

Current stock price: 89.55 pence

Year-to-date change: up 97%

By Dayo Laniyan; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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