PureGold Mining Announced Robust Q4 and Full Year 2021 Results

SEATTLE (Scrap Monster): Pure Gold Mining Inc. reported its fourth quarter and full year 2021 financial and operating results.

According to company press release, a total of 46,949 tonnes of ore were mined from the PureGold Mine during the quarter ended 31^st December, 2021. For the full year, it mined 177,192 tonnes of ore from the PureGold Mine. Meanwhile, it processed 51,129 tonnes and 208,874 tonnes of ore during Q4 and full-year 2021 respectively. Also gold production for the Q4 and full-year 2021 stood at 7,565 ounces and 26,899 ounces respectively.

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On average, the mined tonnes as well as the gold grades, stood lower than expected throughout the previous year, primarily due to shortages of high-grade ore. The shortage often resulted in blending of low-grade material and stockpiles, which in turn reduced the overall feed grade to the mill.

The significant changes to mine planning and scheduling, implemented during the final quarter of the previous year, have delivered early positive results. The changes comprised of reorganization of information and work flow structures, which resulted in enhanced accountability and reduced assay turnaround times.

The company completed several key updates at the milling facilities during the previous year. Furthermore, it made significant progress on permit amendments to boost the annual ore production limit from 292,000 tonnes to 360,000 tonnes.