PureGold Takes Proactive Measures to Mitigate Impact of Covid-19
11 Enero 2022 - 5:30AM
Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold” or the
“Company”), announced today proactive measures taken in response to
the small but increasing number of positive Covid-19 cases at the
Company’s PureGold Mine over the last several days. The Company has
followed stringent screening, hygiene, testing, and contact tracing
protocols since the outset of the pandemic and has an exemplary
record to date. For a temporary period, administrative staff are
working remotely where possible and other on-site staff has been
reduced to essential workers only. During this time, production is
expected to continue albeit at a slightly reduced rate. While the
ultimate impact on monthly or quarterly production, if any, is not
yet known, the Company expects to make up any production shortfall
shortly after returning to full production. The Company continues
to monitor the situation very closely and will provide updates as
necessary.
ON BEHALF OF THE BOARD"Troy
Fierro" Troy
Fierro, President & CEOInvestor
inquiries: Adrian O’Brien, Director, Marketing and
CommunicationsTel: 604-809-6890aobrien@puregoldmining.ca
Non-IFRS Financial Performance Measures
The Company has included certain non-IFRS measures in this new
release. Refer to the Company’s MD&A for an explanation of
non-IFRS measures. The Company believes that these measures, in
addition to measures prepared in accordance with International
Financial Reporting Standards (“IFRS”), provide readers with an
improved ability to evaluate the underlying performance of the
Company and to compare it to information reported by other
companies. The non-IFRS measures are intended to provide additional
information and should not be considered in isolation or as a
substitute for measures of performance prepared in accordance with
IFRS. These measures do not have any standardized meaning
prescribed under IFRS, and therefore may not be comparable to
similar measures presented by other issuers.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
All statements in this press release, other than
statements of historical fact, are "forward-looking information"
with respect to PureGold within the meaning of applicable
securities laws, including, but not limited to statements with
respect to those that address proposed timing of development plans
for the PureGold Mine complex, timing of expected production,
potential for advancing the amount and timing for higher grade ore,
potential for additional resources and expansion of known deposits
and potential for making new discoveries and the focus of the
Company in the coming months . Forward-looking information is
often, but not always, identified by the use of words such as
"seek", "anticipate", "plan", "continue", "planned", "expect",
"project", "predict", "potential", "targeting", "intends",
"believe", "potential", and similar expressions, or describes a
"goal", or variation of such words and phrases or state that
certain actions, events or results "may", "should", "could",
"would", "might" or "will" be taken, occur or be achieved.
Forward-looking information is not a guarantee of future
performance and is based upon a number of estimates and assumptions
of management at the date the statements are made including, among
others, assumptions about future prices of gold and other metal
prices, currency exchange rates and interest rates, favourable
operating conditions, political stability, obtaining governmental
approvals and financing on time, obtaining renewals for existing
licences and permits and obtaining required licences and permits,
labour stability, stability in market conditions, availability of
equipment, accuracy of any mineral resources, successful resolution
of disputes and anticipated costs and expenditures. Many
assumptions are based on factors and events that are not within the
control of PureGold and there is no assurance they will prove to be
correct.
Such forward-looking information, involves known
and unknown risks, which may cause the actual results to be
materially different from any future results expressed or implied
by such forward-looking information, including, risks related to
the interpretation of results at the Pure Gold Red Lake Mine
complex; changes in project parameters as plans continue to be
refined; current economic conditions; future prices of commodities;
possible variations in grade or recovery rates; the costs and
timing of the development of new deposits; failure of equipment or
processes to operate as anticipated; the failure of contracted
parties to perform; the timing and success of exploration and
development activities generally; delays in permitting; possible
claims against the Company; the timing of future economic studies;
labour disputes and other risks of the mining industry; delays in
obtaining governmental approvals, financing or in the completion of
exploration as well as those factors discussed in the Annual
Information Form of the Company dated March 31, 2021 in the section
entitled "Risk Factors", under PureGold’s SEDAR profile at
www.sedar.com.
Although PureGold has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking information, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that such information will
prove to be accurate as actual results and future events could
differ materially from those anticipated in such statements.
PureGold disclaims any intention or obligation to update or revise
any forward-looking information, whether as a result of new
information, future events or otherwise unless required by law.
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