Pure Gold Mining Inc. has today entered into an agreement with National Bank Financial Inc., as lead underwriter, on behalf of a syndicate of underwriters under which the Underwriters have agreed to purchase, on a bought deal basis, 19,048,000 units of the Company at a price of C$1.05 per Unit for gross proceeds of C$20,000,400 . Each Unit is [...]
New single day record of 1,037 dry tonnes of ore processed New single day record of 2,050 tonnes of ore brought to surface from underground On track to step-up ore production rates to 1,000 tpd in Q4 2021 VANCOUVER, British Columbia, Sept. 07, 2021 -- Pure Gold Mining Inc. , is pleased to provide an update on recent production milestones achieved [...]
Pure Gold Mining Inc. , is pleased to provide an operations update for the month of July and an outlook for the second half of 2021 at its high-grade PureGold Mine in Red Lake, Ontario. July Production and H2 2021 Outlook Highlights Daily throughput averaged 703 tpd for the month of July, a 38% improvement compared to the second quarter average [...]
Pure Gold Mining Inc. , is pleased to announce that commercial production has been achieved at the PureGold Mine, effective August 1, 2021. Following a successful commissioning period, the PureGold mine, milling facilities, and other critical systems are now all operating in line with or rapidly approaching design capacity of 800 tonnes of ore per [...]
Pure Gold Mining Inc. , is pleased to provide an operations and underground drilling update, including drill results, for the second quarter at its high-grade PureGold Mine in Red Lake, Ontario. Production highlights for the second quarter include: Average daily throughput of 509 tpd for the quarter and 577 tpd for the month of June; Average daily [...]
Pure Gold Mining Inc. is pleased to announce the results of voting at its Annual General Meeting of Shareholders held Wednesday, June 30, 2021. Shareholders voted in favor of all items put forward by the Board of Directors and management. All seven of the individuals nominated for the board of directors were elected as set out below: Votes For [...]
Pure Gold Mining Inc. , is pleased to provide an operations update for its high-grade PureGold Mine in Red Lake, Ontario. With the milling facility ramp-up completed in the first quarter, the Company's focus for the second quarter has shifted to ramping up high-grade ore production from the mine. Quarter-to-date, head grades have significantly [...]
Pure Gold Mining Inc. is pleased to announce that it has closed its previously-announced offering of "flow-through shares" , with respect to "Canadian development expenses" within the meaning of the Income Tax Act at an issue price of $1.52 per CDE Flow-Through Share for gross proceeds of $17,250,024 which includes the full exercise of the [...]
Pure Gold Mining Inc. is pleased to announce today that, due to strong demand, it has agreed with Clarus Securities Inc. , as lead underwriter, on behalf of a syndicate of underwriters including Canaccord Genuity Corp., Sprott Capital Partners L.P., Stifel GMP, Haywood Securities Inc., and P.I. Financial Corp. , to increase the size of it's [...]
Pure Gold Mining Inc. has today entered into an agreement with Clarus Securities Inc., as lead underwriter, on behalf of a syndicate of underwriters under which the Underwriters have agreed to purchase, on a bought deal basis, or alternatively to arrange for the purchase of, as agent for substituted purchasers, 6,580,000 flow-through common shares [...]
Pure Gold Mining Inc. , is pleased to report high grade drill intercepts returned from underground drilling completed during the first quarter of 2021. This drilling targeted zones in close proximity to new ramp development and adjacent to planned stoping areas with the goal of expanding available reserves and increasing grades in the near-term [...]
Pure Gold Mining Inc. , is pleased to report on progress of the ramp-up at its PureGold Mine and significant milestones achieved as of the end of the first quarter of 2021. Since late January, the milling facility at the PureGold Mine has been operating at greater than 75% of nameplate capacity, including multiple consecutive days at greater than [...]