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Pure Gold Mining (LRTNF)

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Last Post: 3/4/2021 7:21:10 AM - Followers: 12 - 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: 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
#211   PureGold Surface Exploration Drilling Intersects High Grade Gold skier321 03/04/21 07:21:09 AM
#210   Thanks for posting the update. douginil 03/03/21 10:31:53 AM
#209   Gold will go always up and down. This wshaw14 03/03/21 09:56:59 AM
#208   News out: PureGold Mine Ramp-Up Progressing Steadily https://finance.yahoo.com/n skier321 03/03/21 08:02:44 AM
#207   Gold Miners Decline Nearly 30%, Currently Testing 15-Year cablejohn 03/02/21 07:36:32 AM
#206   Yes, I did see that video on the wshaw14 02/22/21 04:08:23 PM
#205   I'm gobbling these prices up. Now own more otclife 02/21/21 10:33:41 AM
#204   https://youtu.be/vHiow8xTwnk otclife 02/21/21 10:32:52 AM
#203   Nice post I especially like the weight cablejohn 02/20/21 10:52:48 AM
#202   Most recent gold bar poured 2 days ago https://mobile.twitter.com/PureGoldRedLak skier321 02/19/21 07:39:33 PM
#201   Q4 wont give you much info. Their first wshaw14 02/19/21 03:41:02 PM
#200   Thanks. That video says it all. I bought wshaw14 02/19/21 03:38:17 PM
#199   I would prefer to see numbers...when Q4 will Bridget21 02/19/21 02:05:30 PM
#198   Excellent new company video out yesterday for those skier321 02/19/21 01:25:20 PM
#197   Got a few more today. Not going big, wshaw14 02/18/21 11:31:16 AM
#196   Eric Sprott bought 2 million shares of Pure skier321 02/16/21 08:27:46 PM
#195   I picked up quite a few more this skier321 02/16/21 12:39:03 PM
#194   Well, I broke my plan. Picked up a wshaw14 02/16/21 11:01:50 AM
#193   Latest Presentation. 02/03/2021 https://puregoldmining.ca/wp-content/uploads/202 wshaw14 02/12/21 08:54:25 AM
#192   Always good to stick to a plan. otclife 02/11/21 09:42:49 AM
#191   I would be also, but I go into wshaw14 02/11/21 09:14:44 AM
#190   Excellent new video out....interview with Darin Labrenz discussing skier321 02/11/21 08:01:20 AM
#189   I added a bunch yesterday as well. A truckload. skier321 02/11/21 07:58:14 AM
#188   I've been adding again lol. otclife 02/10/21 10:58:33 PM
#187   I now have all the shares that I wshaw14 02/03/21 06:36:42 PM
#186   Looking good for sure cablejohn 01/30/21 09:47:58 PM
#185   Sitting right on soild long term support. Up otclife 01/30/21 09:25:28 PM
#184   LRTNF ON THE MOVE cablejohn 01/29/21 09:48:50 AM
#183   Nice, I thought we'd sell a bit otclife 01/21/21 01:51:25 PM
#182   Picked up a few more today. I never wshaw14 01/19/21 06:03:46 PM
#181   Yep, I knew we'd sell some at otclife 01/14/21 05:44:49 PM
#180   LTRNF is a Real Bargain right now ... shermann7 01/14/21 01:19:28 PM
#179   Hit my 1.70 buy order! otclife 01/11/21 04:46:16 PM
#178   Don't sweat it man. You'll come out otclife 01/08/21 09:45:11 AM
#177   Mr. Haubrich is a mining finance professional and cablejohn 01/07/21 03:26:55 PM
#176   Later in the video he says around 60,000 wshaw14 01/07/21 10:44:12 AM
#175   Well, I pulled the trigger a little too wshaw14 01/07/21 10:40:17 AM
#174   Ocado, CMC Markets, Ergomed and Pure Gold Mining wshaw14 01/07/21 10:36:58 AM
#173   My average cost is .65 USD. I reluctantly otclife 01/05/21 10:39:21 PM
#172   I'm dying to see what they are otclife 01/05/21 10:34:24 PM
#171   Resource update by end of Q1 adding over wshaw14 01/05/21 05:04:22 PM
#170   I went ahead and increased by 50% at wshaw14 01/05/21 03:07:20 PM
#168   Nice, yep well be raking in $ very otclife 01/05/21 09:45:32 AM
#167   Hopefully my bid below $2.00 will be filled todfay. douginil 01/05/21 09:25:17 AM
#166   If this dips below $2.00 again tomorrow I wshaw14 01/04/21 06:43:38 PM
#165   Great interview with Darin Labrenz, President & CEO skier321 01/02/21 08:23:55 AM
#164   First gold pour at Red Lake's newest mine wshaw14 12/30/20 10:50:01 AM
#162   Hell yeah! Clear sailing from here to add otclife 12/30/20 09:35:24 AM
#161   https://investorshub.advfn.com/uimage/uploads/2020/12/30/VKZXBYKPUBRNG.jpg[ cablejohn 12/30/20 09:34:10 AM
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