Pure Gold Mining Poured First Gold at Red Lake,Ontario Mine

SEATTLE (Scrap Monster): Vancouver, Canada-headquartered Pure Gold Mining announced first gold pour at its high-grade Red Lake, Ontario mine during the past week. The company expects the mine to reach commercial production by end of Q1 next year. The guidance for the full year 2021 will be provided once the mine reaches commercial production, said the company press release.

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Darin Labrenz, president and CEO, Pure Gold noted that the achievement demonstrates the quality and dedication entire team comprising of focussed individuals, who have been working hard amidst adverse market conditions. The mine is expected to employ nearly 340 people, delivering approximately C$467 million in direct salaries over the mine’s lifetime, Labrenz added.

With the first gold pour, the company has transitioned into a producer. It has delivered on its promise to build Canada’s newest gold mine within budget and on schedule. The company will now concentrate on optimizing the operation. It aims to build a long-life growth company in Red Lake.

Also, Pure Gold will continue to pursue its aggressive growth strategy in the upcoming year as well.