PUR (PUREGOLD)24 Oct 2022 08:20
The Company is suspending operations and placing the PureGold Mine on care and maintenance immediately. This step follows an evaluation of several potential alternative scenarios and has become necessary because the mine has not yet achieved consistent positive site-level cash flow, notwithstanding recent reductions in operating costs and sequential quarter over quarter increases in production. The suspension of operations has resulted in the Company withdrawing its guidance for Q4 2022.
THE END?