Pure Gold Mining Inc (LSE:PUR) (CVE:PGM) are building Canada’s next gold mine in a phased approach with tremendous upside beyond the base case, a long life mine with highly attractive economics. They have a strong foundation. The PureGold Red Lake mine is scalable. With a strong, open +7 km system with new discoveries along strike and high-grade gold intersected ~1 km below mineral reserves, future growth is a key part of their goal to realize the full potential of the PureGold Red Lake Mine.
Red Lake in Ontario has produced nearly 30 million ounces of gold over the past 85 years
The gold price has hit record levels in multiple jurisdictions, including the US