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  • October 26, 2022
  • Industry News
Pure Gold suspending operations of Red Lake mine

Company announced it's suspending operations and placing the mine on care and maintenance immediately

The owners of a gold mine in Red Lake are suspending operations immediately.

In a statement issued Monday, Pure Gold Mining announced they are suspending operations and placing the mine on care and maintenance immediately.

The Vancouver-based company said the mine has yet to achieve “consistent positive site-level cash flow,” despite making recent reductions in operating costs and some increases in production.

Read the full story from Northern Ontario Business HERE

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