PureGold hits commercial production
Vancouver-based PureGold has reached commercial production at its namesake mine in Ontario, marking an “exciting” growth phase for the company, reports CEO Darin Labrenz.
“By combining stable gold production with the high-grade exploration potential that makes the PureGold mine so unique, we are making significant progress toward our goal of unlocking the full potential of the PureGold mine and becoming Canada's next iconic gold producer,” he says.
The PureGold mine, milling facilities and other critical systems are all operating in line with, or rapidly approaching, design capacity of 800 t/d of ore on a sustainable basis.
Construction of the mine started in 2019 and first gold was poured in December 2020. The Phase 1 mine is expected to produce more than one-million ounces of high-grade gold over a 12-year mine life.
With the cash flow generated from gold production, PureGold will pursue a phased organic growth strategy and continue expansion along a 7-km-long gold corridor.
Phase 2 is already under way and so is planning for Phase 3, which will incorporate existing and newly-discovered mineral resources that lie outside the Phase 1 footprint into an expanded mine plan.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation