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AngloGold ups stake in Pure Gold

AngloGold Ashanti will increase its stake in Pure Gold Mining (TSXV:PGM) to 14.9% as part of an upsized C$20.9 million (US$16.3 million) financing, as the junior pushes its Madsen project to become Ontario’s next gold mine.

AngloGold ups stake in Pure Gold AngloGold ups stake in Pure Gold AngloGold ups stake in Pure Gold AngloGold ups stake in Pure Gold AngloGold ups stake in Pure Gold

Part of junior’s increased C$20.9 million financing

Pure Gold expects to make a production decision later this year for the high-grade, previously mined project that is said to have historically produced 2.5 million ounces of gold.

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