Pure Gold Mining Inc. (PGM.V)
- GlobeNewswire
PureGold Appoints Vice President Business Development
VANCOUVER, British Columbia, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (PGM:TSX-V, PUR:LSE) (“PureGold” or the “Company”), is pleased to announce the appointment of Chris Haubrich as Vice President, Business Development.Mr. Haubrich is a mining finance professional and registered Professional Mining Engineer with over a decade of experience in mergers and acquisitions, corporate strategy, capital markets, operations, and engineering consulting in the mining industry. Prior to joining PureGold, he served as Vice President, Investment Banking with National Bank Financial where he covered the mining sector and advised clients on a wide range of M&A and financing transactions. Mr. Haubrich started his career as an underground mining engineer with Cameco Corporation and has since evaluated numerous mining projects across the world from both financial and technical perspectives. He holds a Bachelor of Science degree in Mining Engineering from the University of Alberta, a Master of Science degree in Mineral and Energy Economics from Colorado School of Mines and is a CFA Charterholder.“I am very pleased to welcome Chris to our management team,” said Darin Labrenz, President and CEO of PureGold. “Chris brings to the role extensive industry experience in mine finance and corporate strategy, ideally suited for the Company’s objectives. With the achievement of first gold production at our PureGold Mine, Chris adds complementary skills to our management team at the right time as we look to broaden awareness within the investment community and build out our corporate growth strategy.” As part of his compensation, Mr. Haubrich has been granted incentive stock options to purchase 400,000 common shares of the Company. The options are exercisable on or before January 1, 2026 at a price of $2.60 per common share, and were granted in accordance with the Company’s Stock Option Plan.About Pure Gold Mining Inc.PureGold is a growth company, located in the very heart of Red Lake, Canada. Our objective is pure and simple. To develop a highly-profitable long life gold mining company, becoming Canada’s next iconic gold producer. Our plan is very disciplined, very methodical and financially sound. To expand organically, and develop PureGold’s multi-million ounce high grade gold asset incrementally, step-by-step, using a phased mining development plan to deliver maximum return.Additional information about the Company and its activities may be found on the Company’s website at www.puregoldmining.ca and under the Company’s profile at www.sedar.com.ON BEHALF OF THE BOARD “Darin Labrenz” Darin Labrenz, President & CEOInvestor inquiries: Adrian O’Brien, Director Marketing & Communications Tel: 604-809-6890 aobrien@puregoldmining.caNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
- The Canadian Press
Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (17,545.81, up 2.38 points.) TC Energy Corp. (TSX:TRP). Energy. Down $1.34, or 2.55 per cent, to $51.28 on 6.5 million shares. Bank of Nova Scotia. (TSX:BNS). Financials. Up 10 cents, or 0.15 per cent, to $68.78 on 6.2 million shares.Air Canada. (TSX:AC). Industrials. Up 19 cents, or 0.83 per cent, to $23.17 on 5.8 million shares. Power Corp. (TSX:POW). Financials. Down 45 cents, or 1.53 per cent, to $28.96 on 5.3 million shares. Suncor Energy Inc. (TSX:SU). Energy. Up 17 cents, or 0.79 per cent, to $21.76 on 5.1 million shares. Cenovus Energy Inc. (TSX:CVE). Energy. Up 14 cents, or 1.82 per cent, to $7.84 on 4.9 million shares. Companies in the news: Pure Gold Mining Inc. (TSX:PGM). Unchanged at $2.64. Vancouver-based Pure Gold Mining says it has poured the first gold bar from ore mined at its PureGold Mine in Western Ontario. It says the first pour was accomplished on Tuesday, following the introduction of ore two weeks earlier to the processing mill at Red Lake, about 535 kilometres northwest of Thunder Bay. CEO Darin Labrenz says the pour represents the transition of the junior mining company to "producer" status. He says the construction of the mine, expected to cost about $95 million when approved in 2019, was accomplished on budget and on schedule. The company says the PureGold mine employs over 200 people and the related workforce is expected to average 350 during the 12-year phase one mine operation. The company says it will now focus on optimizing operations at the mine while continuing an exploration drilling program. It plans to provide guidance for the year after the first quarter. Pure Gold says its owners include investor Eric Sprott with over 10 per cent of the stock, South African gold producer, AngloGold Ashanti Ltd. with about 16 per cent, and American gold producer Newmont Corp.This report by The Canadian Press was first published Dec. 30, 2020.The Canadian Press
- The Canadian Press
Pure Gold Mining celebrates first gold bar from new Western Ontario mine
CALGARY — Vancouver-based Pure Gold Mining Inc. says it has poured the first gold bar from ore mined at its PureGold Mine in Western Ontario. It says the first pour was accomplished on Tuesday, following the introduction of ore two weeks earlier to the processing mill at Red Lake, about 535 kilometres northwest of Thunder Bay.CEO Darin Labrenz says the pour represents the transition of the junior mining company to "producer" status.He says the construction of the mine, expected to cost about $95 million when approved in 2019, was accomplished on budget and on schedule.The company says the PureGold mine employs over 200 people and the related workforce is expected to average 350 during the 12-year phase one mine operation.The company says it will now focus on optimizing operations at the mine while continuing an exploration drilling program. It plans to provide guidance for the year after the first quarter.“With our first gold pour, we have transitioned to producer, and delivered on our promise to build Canada’s newest gold mine in the heart of Red Lake, Ont., on budget and on schedule,” said Labrenz."To build a mine at any time requires a complete team effort comprised of dedicated, driven, and focused individuals. To do so under the unique challenges of 2020 speaks to the quality and dedication of the entire team."Pure Gold says its owners include investor Eric Sprott with over 10 per cent of the stock, South African gold producer, AngloGold Ashanti Ltd. with about 16 per cent, and American gold producer Newmont Corp.This report by The Canadian Press was first published Dec. 30, 2020.Companies in this story: (TSX:PGM)The Canadian Press
