Pure Gold Mining’s path to “operational excellence” begins with a shovel-full of pink slips.
Buried in an April 22 news release from the financially struggling Red Lake miner was news that 20 per cent of its workforce — 65 employees — were laid off in February to get staffing levels down from 340 to 275.
It’s one of many cost-cutting moves made by the Vancouver-based gold miner to reach the break-even point on the cash flow side at the northwestern Ontario underground operation. But management is promising better results down the road.
Read the full article from Northern Ontario Business HERE
