Pure Gold Initiates PEA at Historic Madsen Mine

Pure Gold Mining has initiated a preliminary economic assessment (PEA) of its 100% owned Madsen gold project in Ontario’s Red Lake district. The PEA will provide a base-case assessment of near-term development opportunities utilizing existing mining infrastructure, including a permitted mill and tailings facility, to develop an existing near-surface mineral resource.

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Golden Summit PEA Predicts 24-year Mine Life

Freegold Ventures has reported positive results from a preliminary economic assessment (PEA) of its Golden Summit project 32 km northeast of Fairbanks, Alaska. The PEA evaluates a two-phase, 24-year open-pit mine generating separate oxide and sulphide gold ore streams, each operating at 10,000 mt/d. Processing operations for the oxide and sulphide materials are heap leach and bioxidation, respectively.

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Detour Gold Reworks its Mine Plan

Detour Gold has announced a new life-of-mine plan for its Detour Lake property in northeast Ontario. The company initiated production from the Detour Lake open pit in January 2013 and poured its first gold on February 18, 2013. Commercial production was declared in September 2013.

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Tahoe Resources Acquiring Lake Shore Gold

Tahoe Resources has agreed to acquire Lake Shore Gold in an all-share transaction that values Lake Shore at about $C945 million. Upon completion of the transaction, existing Tahoe and Lake Shore Gold shareholders will own approximately 74% and 26%, respectively, of the pro forma company.

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