Canada-focused gold development company Pure Gold, which owns the Madsen gold project in Red Lake, Ontario, will be listing on the main market of the LSE next week.
The London listing will be a dual listing, as Pure Gold already maintains a listing on the TSX-V.
Admission to the LSE will become effective on Tuesday, May 21, Pure Gold said in a statement on Tuesday.
The Madsen project is a formerly producing mine that, according to the February 2019 feasibility study, will produce an average of 80 000 oz/y over 12 years. The project will require capital expenditure of C$95-million and has a net present value of $247-million, at a 5% discount, as well as an internal rate of return of 36%.