Construction of Canada’s next gold mine is rapidly advancing and is now only months away from its first gold pour.
The PureGold Red Lake mine, which dual listed Pure Gold Mining is building in the Red Lake mining district of north-western Ontario, will pour its first gold towards the tail-end of the fourth quarter.
The company is delivering its mine into a rising gold market, with the potential to benefit from a period of margin expansion “unlike any we have seen in years”, president and CEO Darin Labrenz said on Wednesday.