Overall, Pure Gold produced 3,509 oz. during the second quarter and 8,244 for the first half of 2022. Mining totalled 40,551 tonnes of ore (an average of 445 t/d) for the second quarter, and 85,267 tonnes (an average of 471 t/d) for first half of 2022.
While the company saw a 30% reduction in costs compared to the first quarter, it still booked an operating loss of C$18.5 million and C$41.9 million for the quarter and the half, respectively. Net loss and comprehensive loss totalled C$20.8 million and C$42.2 million. All figures were higher than their comparative periods in 2021.
“Over the last six months we have advanced in four key areas to expedite our future success. We have a solid resource model we can use for long-term planning; a revamped short-term planning process to drive execution; a lower operating cost base to generate cash flow; and most importantly, an emerging culture of safety and performance,” said Terry…
