14th Aug 2020 11:21
(Alliance News) - Pure Gold Mining Inc on Friday said it has significantly advanced activities at its 100%-owned Pure Gold Red Lake mine project during the second quarter of 2020.
The Vancouver, Canada-based miner said during the quarter, it has received the first of three significant amended permits for the Red Lake mine project.
Pure Gold Mining said it now awaits amendment of the industrial effluent permit. Initial regulatory review is complete, and the company said it has applied for an expedited approval of this permit amendment.
The company has also filed its closure plan amendment and is awaiting approval before posting the necessary financial assurance, it said.
For the three months, net loss widened to USD9.7 million from USD4.0 million year-on-year.
Pure Gold Mining shares were trading 3.3% higher in London on Friday at 111.58 pence each.
By Evelina Grecenko; [email protected]
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