Pure Gold COO Terry Smith joined Steve Darling from Proactive to share news the company completed a capital raise that puts the company is a strong position to really gets increase the work at the PureGold Mine.
Smith telling Proactive the company has brought in 31.1 million and this capital will allow the company to dramatically increase the work being done as the company looks to complete the near-term objectives of ramping up the PureGold Mine to 800 tpd by Q3 2022,
Smith also said the company will be looking for sustainable positive site-level cash flow by Q3 2022 and they hope to update Mineral Resource, Mineral Reserve, and a Life of Mine plan by Q4 2022.