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Well, I broke my plan. Picked up a few more this morning. Just could not resist.
Latest Presentation. 02/03/2021 https://puregoldmining.ca/wp-content/uploads/2021/02/PureGold-Corporate-Deck-Feb-3-2021.pdf
Always good to stick to a plan.
I would be also, but I go into a position with am accumulation goal number and very seldom vary from that.
Excellent new video out....interview with Darin Labrenz discussing the latest with Pure Gold, game plan etc. Lots of info covered and some really great footage from the mine location. Well worth watching. https://www.bing.com/videos/search?q=Darin+Labrenz&qft=+filterui%3avideoage-lt43200&view=detail&mid=7A9BDB57E4E86838D0C17A9BDB57E4E86838D0C1&&FORM=VRDGAR
I added a bunch yesterday as well. A truckload.
I've been adding again lol.
I now have all the shares that I plan to buy I will now just watch and wait.
Looking good for sure
Sitting right on soild long term support. Up from here on exploration results and delivering on production/budget. The team will execute i believe
Nice, I thought we'd sell a bit after first pour. Many more catalysts to come and huge cash flow!
Picked up a few more today. I never dreamed I would get more at that price. Did not have many $ free, but I used what I had. More will be freed up Thursday.
Yep, I knew we'd sell some at first pour, I'm guilty of it too, but I said if it gets to 1.70 I'm buying all the shares back and then some. And that's what I did lol
LTRNF is a Real Bargain right now ... I doubled up at 1.71 ... THis is one of my favorite gold stocks.
See you all ovrr 2.00 soon ...
GLTA - Shermann
Hit my 1.70 buy order!
Don't sweat it man. You'll come out way ahead. I just sold out of a Uranium position for more powder here (they announced dilution)
Mr. Haubrich is a mining finance professional and registered Professional Mining Engineer with over a decade of experience in mergers and acquisitions, corporate strategy, capital markets, operations, and engineering consulting in the mining industry
Later in the video he says around 60,000 meters of drilling results will be added. Should be a substantial amount of gold.
Well, I pulled the trigger a little too soon on that last buy. I still have a good average, but not as good as yours.
Ocado, CMC Markets, Ergomed and Pure Gold Mining among broker's top growth stocks for 2021
https://www.proactiveinvestors.co.uk/companies/news/937801/ocado-cmc-markets-ergomed-and-pure-gold-mining-among-broker-s-top-growth-stocks-for-2021-937801.html
My average cost is .65 USD. I reluctantly sold 1/3 of my position at first pour. Keep in mind I put a large % of my portfolio into pure gold ,so wanted to lock in some profit. The other 2/3rds i won't sell until the gold bull market ends , which i think is a couple years to a decade away. If this dips to 1.70 I'm buying more.
I'm dying to see what they are able to add to the Measured and Indicated
Resource update by end of Q1 adding over 400 holes +50,000 meters of drilling. 2018 resource was used in the feasibility. about 19 minutes into the video linked.
I went ahead and increased by 50% at just over $2. Just too good to quibble about 2-3 cents and take a chance on not getting filled.
PUREGOLD APPOINTS VICE PRESIDENT BUSINESS DEVELOPMENT [url]
[/url][tag]insert-text-here[/tag]http://www.sharesmagazine.co.uk/news/market/LSE20210105070004_3834076/PureGold-Appoints-VP-Business-Development
Nice, yep well be raking in $ very soon here and growing the resource and mine life
Hopefully my bid below $2.00 will be filled todfay.
If this dips below $2.00 again tomorrow I will increase my position again by 50%. I missed the drop today or it would already be done.
Great interview with Darin Labrenz, President & CEO of Pure Gold Mining. Interview is from Nov. 27, 2020.....I don't see it posted on the board here and I would highly recommend watching. Lots of important info covered in the interview. I think 2021 is going to get very very interesting for the company. So much potential, great management team & fantastic mine location. I am glad to be a shareholder. Labrenz is one sharp cookie.
First gold pour at Red Lake's newest mine
https://www.northernontariobusiness.com/industry-news/mining/first-gold-pour-at-red-lakes-newest-mine-3222095
Hell yeah! Clear sailing from here to add to the resourse via exploration with all that free cash flow they'll have
Me either, I want to see how all this exploration upside plays out
I know I am certainly not selling for a while.
I'm thinking "buy the rumor sell the news" on the first pour. Valuation still has alot of upside IMO
Trading has looked a little suspicious the last couple of days. It could be my imagination, but it looks to me like somebody is shaking the tree to see if they can get some cheaper shares before the first pour.
Yep even with the fire and Rona delays. No worries of any dilution now. We have cash and will be cash flow positive in no time.
Thanks for the update. Great news.
Yes, and on time and under budget. That is the sign of a good management team.
Yep, awesome all around. Love this company. My largest stock holding (all sectors)
Boom ore at the mill and they're being added to gdx or was it gdxj...either way
Pure Gold is now up and running and we will be added to the GDXJ this Friday Dec. 18th
Great news out ! Here we go!!! PureGold Delivers First Ore to the Mill https://finance.yahoo.com/news/puregold-delivers-first-ore-mill-113000430.html
Highlights from today's news release:
*PureGold Mine Delivered on Time and on Budget
*Ore delivered and first gold production scheduled this month.
*Ramp development rates to date, and the addition of the second ramp will increase productivity, provide access to additional stopes ahead of schedule, and will provide an opportunity to focus on higher grade ore which is anticipated to result in increased cash flow in the early years of mine life.
*Exploration activities continue at the Company’s 100%-owned, 47-km2 property. Within a robust, open seven - kilometre gold system, and strong potential to expand at depth, exploration drilling is designed to expedite the growth of mineral resources and aggressively expand new high-grade discoveries.
*PureGold is pleased to announce that effective at market close on December 18, 2020, the Company will be added to the GDXJ (VanEck Vectors® Junior Gold Miners ETF) which is traded on the NYSE Arca, under the ticker symbol “GDXJ”.
*The Company currently has a cash position of $58 million.
*Our plan is very disciplined, very methodical and financially sound. To expand organically, and develop PureGold’s multi-million ounce high grade gold asset incrementally, step-by-step, using a phased mining development plan to deliver maximum return.
Another nice day. We should hear something on their first pour in just a few more days.
How about the nice move today!!
Beautiful, even with covid delays and all
I thought we would get an update last Friday or today. They are expecting first pour before Christmas. https://www.mining.com/pure-gold-continues-to-hit-high-grades-underground-in-red-lake/
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PureGold is a growth company, located in the very heart of Red Lake, Canada.
Red Lake is the world-famous high-grade gold district which has already produced more than 30 million ounces of gold, valued at over USD $50 billion in today’s prices.3
Little wonder Red Lake is called the high-grade gold capital of the world.
Our Mandate. Our mandate is pure and simple. To dream big. To colour outside the lines. To use smart science and disciplined creativity to exponentially increase the size and scale of our high-grade gold assets along PureGold’s 100%-owned property – historically the second-highest gold-producing property in the Red Lake District.
Our Objective. Our objective is also pure and simple. To develop a highly-profitable long-life gold mining company in the heart of Red Lake, becoming Canada’s next iconic gold producer.
Our Plan. Our plan is very disciplined, very methodical, and financially sound.
To expand organically, and develop PureGold’s multi-million-ounce high-grade gold asset incrementally, step-by-step, using a Phased mining development plan to deliver maximum profitability.
Our Growth Strategy. Our growth and profitability strategy is focused on two parallel paths. First, to generate exponential growth in the size and scale of our multi-million-ounce gold asset. Second, to simultaneously generate over $2.3 billion in revenue – and over $1.2 billion in pre-tax free cash flow – from our Phase One mine alone.1,3
What Have We Accomplished To Date? In less than six years, PureGold has advanced it’s project from exploration, through development and into production, on budget and on schedule.
Even more impressive is our pre-tax operating margin of more than $1,350 an ounce – an extraordinary margin expected to generate more than $1.2 billion in pre-tax cash flow over the next 12 years alone.1,3
Welcome to The PureGold Mine.
PureGold’s Phase One mine has started pouring its first million ounces of high-grade gold. At the exceptionally low projected life of mine all-in-costs of USD $787 per ounce
This one million ounces of ‘low-hanging fruit’ will generate over $2.3 billion in revenue over the next decade. More than $1.2 billion in pre-tax free cash flow. And, based on a gold price of just USD $1,800 an ounce, delivering an exceptional pre-tax margin of more than $1,350 per ounce.
There’s good reason for this extraordinary operating margin.
The PureGold mine is one of the highest-grade gold mines on the planet – higher than 95% of all other producing gold mines. In fact, it’s in the top 5th percentile.4
This should come as no surprise.
Our mantra has always been to keep our eyes wide open, but to ‘Dream no small dreams’.
In less than 6 years, PureGold has defined a 2.1-million-ounce Indicated Resource, and a 0.5-million-ounce Inferred Resource at the PureGold Mine. Mineral resources are inclusive of Probable Mineral Reserves of 1 million ounces of gold grading 9 g/t. 1,6
We believe this is just the tip of the iceberg.
Data from more than 1.3 million metres of drilling has now delineated a 7-kilometre-long by half-a-kilometre-wide Gold Corridor on our property. This Corridor has a similar geological environment, as the Red Lake Mine Complex right next door – a mine complex which has already produced over 25 million ounces of gold.8
Our aggressive and highly-successful exploration and expansion drilling program continues to make new discoveries – discoveries which extend the scale and confirm the continuity of this gold system along our Gold Corridor. Discoveries of new near-surface zones with mineral resources that are not currently included in our feasibility study or mine plan. Discoveries that remain open along strike and at depth for expansion. Discoveries with mineral resources made over 3 kilometres south of the PureGold mine.
It’s like opening the door to Canada’s Fort Knox.
We believe we have barely scratched the surface. That’s why our ongoing exploration drilling program includes more than 30,000 metres of new, highly-focused drilling along our Gold Corridor.
To which we say, dream no small dreams.
We are in good company.
More than 30% of PureGold is owned by three global gold leaders and visionaries, including: Eric Sprott, the world-renowned gold visionary and investor, who owns over 10% of PureGold; the world’s third-largest gold producer, AngloGold Ashanti, which owns 16% of PureGold; and Newmont, the largest gold producer in the world.5
Our leadership and management teams have deep roots and experience in the geology of the Red Lake gold district, and direct hands-on experience from years of on-site exploring, mining, and producing high-grade gold in this area.
As owners, leaders, mine builders, and operators with extensive experience on most continents, we believe that we are the next chapter in the evolution of Red Lake. That we will achieve exponential transformative growth, in both size and scale, of our gold asset. Because we believe that there’s significantly more high-grade gold waiting to be discovered, right here, in Canada’s Red Lake.
Dream no small dreams.
Words to live by.
At PureGold, responsible mining is not an oxymoron. It is both a duty and a commitment.
We are a principled and ethical company, trying our best to be good neighbours, fully committed to our people, our community, and the environment.
Yes, we are passionate about gold and discovery.
Yes, we are in pursuit of profit for our shareholders.
But these motivations run parallel with our duty and responsibility to our People (safety, training, culture, good salaries and benefits for over 300 workers), our Community (agreements with First Nations, strong sustainable economic benefits, and community development), and the Environment (meeting and/or exceeding modern environmental and engineering standards, protection of wildlife, lands, and waters, and progressive closure and reclamation of surface disturbances – including for mining sites conducted by previous operators).
More than 30% of PureGold is owned by four global gold leaders and visionaries, including:
Rob McEwen, who transformed neighbouring GoldCorp into a multi-billion-dollar producer, was a cornerstone investor.
Eric Sprott, the world’s renowned gold visionary and investor, owns over 10% of PureGold.
AngloGold Ashanti, the world’s third-largest gold producer, is a cornerstone investor.
Newmont, the largest gold producer on the planet.
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