trending Market Intelligence /marketintelligence/en/news-insights/trending/6Cb935UeZwC9jEE84sVEbg2 content esgSubNav
In This List

Pure Gold Mining kicks off construction of Madsen Red Lake in Ontario

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


Pure Gold Mining kicks off construction of Madsen Red Lake in Ontario

Pure Gold Mining Inc. officially kicked off the construction phase of the Madsen Red Lake mine, part of its Madsen gold property in Ontario, with the award of key contracts for the development.

The Toronto- and London-listed explorer said Sept. 9 that it tapped JDS Energy & Mining, together with Hatch Ltd. and Knight Piesold Ltd., for the surface engineering and procurement contract. Further, the underground mine design engineering contract was awarded to Dumas Mine Contracting Ltd.

Detailed design work on surface infrastructure, as well as underground electrical distribution, mine ventilation, mine service design and stope optimization is underway, as well as equipment sourcing and the procurement of long lead time items.

The company is targeting initial gold production in late 2020.

In August, Pure Gold approved the Madsen Red Lake construction and secured US$90 million in funding to develop an underground mine at the site.