Pure Gold Mine's first gold bar from its Red Lake mine. Photo courtesy Pure Gold.
A milestone for Pure Gold Mining in Red Lake.
The company poured its first gold bar on December 29, following the start of milling operations in the middle of the month.
President and Chief Executive Officer Darin Labrenz says the Pure Gold Mine has come to life, and they have transitioned to a producer and delivered on a promise to build Canada’s newest gold mine in the heart of Red Lake on budget and on schedule.
Labrenz says the company is concentrating efforts on ramping up and optimizing the operation, with commercial production expected by the end of the first quarter of this year.
He adds they are also pursuing an aggressive growth strategy for 2021, with ongoing exploration drilling from both surface and underground.
Stocks in Pure Gold Mining were trading at $2.60 Monday with gold prices now hovering over $2,400 per ounce.
