CA - Pure Gold Mining reports Q2 earnings; sees Q3 ore throughput to to average between 775-875 tpd
- Pure Gold Mining press release ( OTCPK:LRTNF ): Q2 GAAP EPS of -$0.04.
- Revenue of $8.53M (-43.5% Y/Y) misses by $6.22M .
- Gold production for Q2 2022 was 3,509 ounces, and 8,244 ounces for H1 2022.
- Gold sold for Q2 2022 was 3,500 ounces, and 11,375 ounces for H1 2022.
- Mining totaled 40,551 tonnes of ore or an average of 445 tpd for Q2 2022.
- For Q2 2022, the PureGold Mine processed a total of 45,420 tonnes of ore, or an average of 500 tpd, at an average head grade of 2.40 grams of gold per tonne of ore and achieved an average recovery of 93.2%.
- Ore throughput for the third quarter is forecast to average between 775–875 tpd at 4.0–5.0 g/t gold.
- Site-level operating plus sustaining capital costs are expected to be in the range of $9.5 - $10.5 million per month for the third quarter.
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Pure Gold Mining reports Q2 earnings; sees Q3 ore throughput to to average between 775–875 tpd