Pure Gold Mining Inc. announces that as a result of the Company receiving protection under the Companies Creditors Arrangement Act on October 31, 2022, the TSX Venture Exchange has advised the Company that the trading of PureGold's common shares will be transferred to the NEX Board of the TSXV effective at the opening of the market today [...]
Pure Gold Mining Inc. announces that it has obtained an Initial Order for creditor protection from the Supreme Court of British Columbia under the Companies' Creditors Arrangement Act. KSV Restructuring Inc. was appointed as the monitor. The decision to commence CCAA proceedings was made after careful consideration of PureGold's cash position [...]
Pure Gold Mining Inc. announces that it has applied for an Initial Order for creditor protection from the Supreme Court of British Columbia under the Companies' Creditors Arrangement Act. After careful consideration of PureGold's cash position, scheduled debt payments, forecast revenue and expenses, all available alternatives to an application for [...]
Pure Gold Mining Inc. announces a financial update regarding its cash balance, working capital and discussions with its lender. The Company also provides an operations update regarding its PureGold Mine in Ontario. The Company's current cash balance is approximately $2 million and net working capital deficit is approximately $13 million1. PureGold [...]
In a release issued under the same headline earlier today by Pure Gold Mining Inc. , please note in the 5th paragraph, the last sentence should read "The Company expects costs to continue to trend downward...", rather than "The Company expects costs and revenues to continue to trend downward...", as previously stated. The corrected release follows [...]
Pure Gold Mining Inc. , today announced that it achieved gold production guidance for the third quarter of 2022 for its 100% owned and operated PureGold Mine located in Red Lake, Ontario. PureGold also announced production guidance for the fourth quarter of 2022. Terry Smith, PureGold Chief Operating Officer, stated: "Our quarterly gold production [...]
Pure Gold Mining Inc. , is pleased to announce that following the release of an updated Mineral Resource Estimate on August 10th 2022, the Company has filed a National Instrument 43-101 Technical Report entitled "Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada", prepared by SRK Consulting [...]
August gold production of 4,595 ounces driven by strong ore tonnage and improved grades Robust drilled inventory supports September forecast; Q3 2022 guidance reaffirmed Further growth forecasted as mining transitions fully into Austin / South Austin Zones Results of updated Life-of-Mine plan remain on track for Q4 2022 VANCOUVER, British Columbia [...]
Pure Gold Mining provided an operational update and outlook as well as financial results for the second quarter of 2022. PureGold owns and operates the PureGold Mine near Red Lake. So far during the third quarter, both costs and revenues are trending in the right direction on a sequential quarterly basis, due to the groundwork laid in the first [...]
Pure Gold Mining announced an updated MRE, prepared by SRK Consulting in accordance with the National Instrument 43-101 Standards of Disclosure for Mineral Projects for its 100% owned PureGold Mine near Red Lake. With an effective date of Dec 31, 2021, this updated MRE replaces the previous MRE dated February 2019. The Updated MRE is described in [...]
Pure Gold Mining announced the finalization of several agreements with its lending partner, a fund managed by Sprott Resource Lending, including a new debt repayment schedule to enhance the Company’s liquidity and provide financial flexibility. PureGold also announced that its Operational Turnaround Plan is progressing, its Updated Life of Mine [...]
Pure Gold Mining announces that the Board of Directors has approved the grant of an aggregate of 35,450,000 stock options for incentive and operational retention purposes, to senior mine site personnel, the executive management team, the Board of Directors and an outside technical advisor to the Company, pursuant to its Stock Option Plan. The stock [...]
