We start pouring the first
million ounces by Christmas
This is one of the world’s highest-grade gold mines – it's higher than 95% of gold mines, anywhere on this planet. With the pouring of first gold, PureGold will join an elite group of gold producers who own multi-million-ounce deposits located in tier-one mining jurisdictions.1,4Learn More
We believe that we've only
barely scratched the surface
PureGold is a gold growth company. Our mandate is to deliver exponential transformative growth, in both the size and scale of our deposit. Our strategy is to continue our highly-successful exploration and discovery program, right next door to the mines that have already produced over 25 million ounces of gold.Learn More
Our Investors are in good company. More than 30% of PureGold is owned by three global gold leaders and visionaries: Eric Sprott, AngloGold Ashanti, and Newmont. Our mandate is to deliver exponential transformative growth, in both size and scale of our multi-million-ounce gold assets.6Go to Investors Resource Centre
A top-tier team with
an exceptional track record
A powerhouse team of talent, with deep experience in gold discovery, mine building, and production all around the globe. Responsible for building 33 mines, operating and managing 68 mines, and discovering 64 major deposits, many of which were brought to life as operating mines.Learn More
Dream no small dreams
It’s a dramatic story that started with challenging conventional thinking. Smashing expectations. Using smart science and creativity to develop one of the world’s most profitable gold mines. In less than 5 years. The only new mine in North America to start pouring gold in 2020. Delivering an operating margin over $1,350 an ounce. Generating more than $2.3 billion revenue in Phase One alone. PureGold is on its way to becoming Canada’s next multi-generational, multi-billion-dollar gold producer.1,3
When you dream big, the impossible becomes reality.
1See the National Instrument 43-101 technical report entitled “Madsen Gold Project Technical Report, Feasibility Study for the Madsen Deposit, Red Lake, Ontario, Canada” with an effective date of February 5, 2019 and dated July 5, 2019 for complete details, available on the Company’s website at www.puregoldmining.ca or Sedar profile at www.sedar.com.
3Based on current metal price of US$1800/oz and US$1 = C$1.33. Free cash flow is pre-tax. This is a non-GAAP performance measure. See “Non-GAAP” Measures and other Financial Measures cautionary language Under 'Legal Notice'.
4Source S&P Global Market Intelligence, VT Capital; based on life of mine producing mine reserve grades most recent reported, as of 2020.
5Based on public disclosure, August 2020.
6PureGold has defined a 2.1-million-ounce Indicated Resource (7.2Mt @ 8.9 g/t gold) and a 0.5-million-ounce Inferred Resource (1.9Mt @ 7.7 g/t gold) at the PureGold Mine. Mineral resources are inclusive of Probable Mineral Reserves of 1 million ounces of gold grading 9 g/t (in 3.5 million tonnes).
7There can be no certainty that additional exploration drilling will result in a mineral resource being delineated.
8Geological similarities to Evolution Red Lake Mine are not necessarily indicative of the mineralization at the PureGold Mine.
14See “Cautionary Note Regarding Forward Looking Statements” in Legal Notice.