Member Company Profile

Pure Gold Mining

PGM:CN|Last Price: USD 0.47|Market Cap: USD 119.39 M

USD 0.37        USD 0.61


Gold Price: $1,499.90|Silver Price: $17.05|Platinum Price: $845.00|Palladium Price: $1,464.00|Gold:Silver: 88.0


Status: Developer|Primary Mineral: Gold|Primary Country of Operation: Canada


Last Updated: August 14, 2019

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IR Contact

Adam Buchanan
604-646-8000
[email protected]
www.puregoldmining.ca

Address

1900-1055 West Hastings Street
Vancouver, BC V6E 2E9
Canada

Cautionary Information

© Copyright 2019, Denver Gold Group & Pure Gold Mining.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

The Madsen Red Lake Gold Mine has historical production of 2.6 million ounces of gold and a current indicated resource of 2,063,000 ounces gold at 8.9 g/t gold (in 7.2 million tonnes), an inferred resource of 467,000 ounces gold at 7.7 g/t gold (in 1.9 million tonnes), and benefits from existing infrastructure including a mill and tailings facility, paved highway access, and access to power, water and experienced labour. The recently released feasibility study for the Madsen Red Lake Gold Mine outlines an 800 tonne per day underground mining operation with a 12 year mine life, Probable Mineral Reserves of one million ounces of gold grading 9 g/t in 3.5 million tonnes, and a low initial capital cost of C$95 million (US$71 million), putting the Madsen Red Lake Mine firmly on the path to becoming Canada’s next iconic gold mine, with first gold targeted by end of 2020.

Value Drivers
  • Resources: 2,063,000 ozs at 8.9 g/t Au in 7.2 million tonnes (Indicated), 467,000 ozs at 7.7 g/t Au in 1.9 million tonnes (Inferred)
  • Definitive feasibility study complete, outlines 800 tonne per day underground mining operation with a 12 year mine life, Probable Mineral Reserves of one million ounces of gold grading 9 g/t in 3.5 million tonnes, and a low initial capital cost of C$95 million (US$71 million).
  • Upside - multiple new discoveries and ongoing exploration.

Annual Production
Gold, oz per year
GEOs: No

All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.

Top Shareholders
  • AngloGold Ashanti: 14.0%
  • 2176423 Ontario Ltd (Eric Sprott): 10.0%
  • Evanachan (Robert McEwen): 5.0%
Management
Chairman: Graeme Currie
CEO: Darin Labrenz
CFO: Sean Tetzlaff
COO: Ken Donner
Vice President, Exploration: Phil Smerchanski
Chief Geoscientist: Chris Lee
Director: Mark O'Dea
Director: Rob Pease
More Detail
Capital Structure
Common Shares Outstanding: 358,000,000
Float (%): 100.00
Warrants Outstanding: 57,700,000
Options Outstanding: 15,200,000
Fully Diluted Shares: 430,900,000

IR Contact

Adam Buchanan
604-646-8000
[email protected]
www.puregoldmining.ca

Address

1900-1055 West Hastings Street
Vancouver, BC V6E 2E9
Canada

Cautionary Information

© Copyright 2019, Denver Gold Group & Pure Gold Mining.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.