The PureGold Mine, in Red Lake, Ontario is Canada's newest gold mine that, despite the challenges of 2020, the Pure Gold team managed to successfully deliver on schedule and on budget. As at the end of Q2 2021 the company has produced c. 11.3Koz of gold as it ramps up both its mining and milling operations with commercial production levels now announced last week. We revise our modelling and set a Target Price of 85p based on $1800/oz gold price.
