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Pure Gold Mining (LRTNF)

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Last Post: 5/9/2022 8:57:26 AM - Followers: 16 - Board type: Free - Posts Today: 0

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


Our Phase One Mine1,3

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’.

Learn more


Our Discovery and Growth Engine

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.

Learn more


Our Owners

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.

Learn more


Our Ethos

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).

We are in good company.

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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LRTNF News: Pure Gold Mining GAAP EPS of -$0.04, revenue of $15.9M 03/31/2022 01:34:26 AM
LRTNF News: Pure Gold Mining reports Q3 results 11/14/2021 08:55:45 PM
LRTNF News: Deleted Symbol 11/26/2012 06:52:12 AM
LRTNF News: Deleted Symbol 11/26/2012 01:01:19 AM
#164  Sticky Note First gold pour at Red Lake's newest mine wshaw14 12/30/20 10:50:01 AM
#400   With this new development the decline is over. gsfl 05/09/22 08:57:26 AM
#399   "This company has been a huge disappointment." Bridget21 05/07/22 10:26:14 AM
#398   Wow, this thing is quickly approaching 1 Billion wshaw14 05/06/22 10:49:40 PM
#397   PureGold $30 Million Non-Brokered Private Placement Bridget21 05/06/22 06:55:28 PM
#396   You welcome! Bridget21 04/22/22 11:08:43 AM
#395   Thanks for posting these "Interesting Developments" douginil 04/22/22 11:08:02 AM
#394   Interesting Developments Bridget21 04/22/22 08:33:51 AM
#393   Don Durrett thinks 3 bagger is possible. AndrewDiceClay 04/19/22 11:58:52 AM
#392   Nice... this one is a little tricky.. structengr 04/19/22 09:21:31 AM
#391   I did not. I had sold several nunaka 04/18/22 09:26:39 PM
#390   I have been accumulating a few at a wshaw14 04/18/22 03:53:48 PM
#389   Hope you grabbed some on the lows thurs structengr 04/18/22 02:46:05 PM
#388   All Aboard..... Lets get this back up!! structengr 04/18/22 11:11:55 AM
#387   I hope so... I've been able to salvage nunaka 04/14/22 09:56:52 PM
#386   Shorts/Hedge Funds/MMs..... structengr 04/14/22 04:47:11 PM
#385   Who would "they" be? nunaka 04/14/22 02:18:00 PM
#384   And ..... here comes the BIG RUN NOW.... structengr 04/14/22 09:01:01 AM
#383   Until they prove they are not going bankrupt gsfl 04/13/22 01:55:07 PM
#382   They're just shorting the snot outta this ... molee 04/13/22 09:46:26 AM
#381   Lot of negativity everywhere. 7/8 of the directors paulenater 04/10/22 10:06:33 PM
#380   I got in at .1834 took a small position. Law of Averages 04/06/22 03:40:24 PM
#379   Agreed daily chart looks beautiful for a decent Law of Averages 04/06/22 03:22:19 PM
#378   Going to bounce back to 30 cents. willlbone 04/06/22 01:32:42 PM
#377   Hi all, we are a Canadian law firm Bridget21 04/01/22 09:52:13 AM
#376   https://ceo.ca/@nasdaq/puregold-reports-fourth-quarter-and-annual-2021-operating Bridget21 03/31/22 08:50:34 AM
#375   PureGold Reports Fourth Quarter and Annual 2021 Operating Bridget21 03/30/22 09:32:48 PM
#374   Wow..lots of buyers this morning..great! Bridget21 03/30/22 09:51:47 AM
#373   With penny stocks it's always a gamble. I gsfl 03/29/22 06:33:44 PM
#372   You welcome! Hope they will find financing..if not Bridget21 03/29/22 06:32:39 PM
#371   Thanks for posting that link douginil 03/29/22 03:21:02 PM
#370   I just increased by 25%. At these prices wshaw14 03/29/22 02:31:37 PM
#369   So, what are they going to do? Issue wshaw14 03/29/22 02:09:22 PM
#368   https://money.tmx.com/en/quote/PGM/news/5024593865158258/PureGold_Mine_Operation Bridget21 03/29/22 01:50:21 PM
#367   I also remember Bre X! LOL Bridget21 03/29/22 09:33:35 AM
#366   I guess you weren't around in 2003 the gsfl 03/28/22 11:29:20 PM
#365   Will they survive? Bridget21 03/28/22 05:36:09 PM
#364   "....march towards $3,500-4,500 over the next two years...." Bridget21 03/28/22 01:48:36 PM
#363   So, like most explorers, you suck investors dry gsfl 03/28/22 12:48:25 PM
#362   If there is a buyout I hope I Bridget21 03/28/22 12:42:47 PM
#361   Which aspects shareholders did not like in the PR? Bridget21 03/28/22 12:17:59 PM
#360   Buyout is higher probability. buying more now Nickybee 03/28/22 10:56:45 AM
#359   From Yahoo forum: "Now reverse split is a Bridget21 03/28/22 10:22:43 AM
#358   They should not had released news this morning! Bridget21 03/28/22 09:57:31 AM
#357   Well , that's a kick in the nuts . molee 03/28/22 09:52:59 AM
#356   Some on Yahoo board talk about PGM buy Bridget21 03/27/22 10:33:24 AM
#355   I know..couple of years ago I bought Pretium...so slooooowwwww! Bridget21 03/25/22 05:40:43 PM
#354   These investments in Junior miners takes patience. They wshaw14 03/25/22 05:36:40 PM
#353   Presentation..presentation...it did not affect positively SP! Bridget21 03/25/22 10:38:01 AM
#352   March 7 2022 Corp. Presentation: https://www.puregoldmining.ca/wp-content/uploa wshaw14 03/24/22 03:56:09 PM
#351   No news for a while. We should be wshaw14 03/23/22 04:31:16 PM
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