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Pure Gold secures US$90M Sprott financing to build Madsen

Madsen construction to start; first gold late 2020.

Staff reporter
Madsen in Red Lake, Ontario, Canada

Madsen in Red Lake, Ontario, Canada

The Madsen feasibility study details an 800 tonne per day underground mining operation to produce 80,000 ounces a year over a 12-year mine life at an initial capital cost of C$95 million (US$71 million)...

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