Many miners have raised their unit cost guidance during their June-quarter financial reporting, signalling an intensification of a trend picked up on during the first quarter.
Pure Gold said output fell during the second quarter due in part to cash-preservation measures taken by the company while negotiating financing agreements.
Volcanogenic massive sulphide deposits have been a core source of copper, zinc and sometimes gold mineralization for over 150 years and remain the mainstay of some major mining camps worldwide.
The miner reported its operating and financial results for the second quarter, posting a loss of $77.4 million after reporting a profit in the same period a year earlier.
Goodman applied his geological training and business acumen to help build several successful mining companies, notably International Corona and Kinross Gold.
