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  • January 31, 2022
  • Industry News
Pure Gold Mining financing to fund Red Lake ramp up

Pure Gold Mining announces C$25m equity financing and plans for AngloGold Ashanti to raise stake to 19.9%

Pure Gold Mining has secured C$25mn equity financing which will fund the ramp up of Red Lake in Ontario and announced its largest shareholder AngloGold Ashanti plans to increase its ownership to 19.9%.

AngloGold Ashanti currently holds 65,653,870 common shares in PureGold which represents a 14.9% interest.

Troy Fierro, President & CEO of PureGold, said: “We are delighted to announce this financing with the support  of our largest shareholder, AngloGold Ashanti. We value the global operational expertise AngloGold Ashanti brings and look forward to working collaboratively with their technical team to continue to unlock the full potential of the PureGold Mine.” 

Read the full story from MiningGlobal.com HERE

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