Pure Gold Mining (TSXV: PGM; LSE: PUR) has kicked off commercial production at its namesake mine in Crimson Lake, Ontario, eight months after pouring first gold.
The Toronto-based miner stated the milestone, achieved on August 1, adopted a profitable commissioning interval.
The Pure Gold mine, milling amenities, and different vital techniques at the moment are all working consistent with or quickly approaching design capability of 800 tonnes of ore per day on a sustainable foundation, the corporate stated.
The underground mine — at 9 grams gold per tonne one of the world’s highest-grade gold producers — makes use of a mixture of longhole stoping, standard cut-and-fill, and mechanized cut-and-fill mining strategies.
Processing consists of standard crushing and grinding, adopted by gravity focus to recuperate free-milling gold, pre-oxidation, leaching, a carbon in pulp circuit and electrowinning, after which refining to provide dore gold.
Pure Gold announced last month it had achieved throughput of 509 tonnes per day within the June quarter and 577 tonnes per day within the month of June alone.
The corporate is growing the mine in a scalable, phased strategy, with the primary part anticipated to provide a million ounces. This may generate over $2.3 billion (US$1.83 billion) in income over the subsequent decade, the corporate has stated, and over $1.2 billion (US$960 million) in pre-tax free money movement.