Pure Gold Mining Share Discussion Threads

[hughes87] 04/9/2021 11:46

Haha Bwana the invincible losing his shirt on another gimp share. You should listen to the captain more you drunken fool

[robertstronghand] 04/9/2021 09:34

Someone claiming drill results next week, maybe? Big jump even with the gold price moving up. Apparently Q3 is due a resource update according to the presentations.

[mufprat] 04/9/2021 08:59

Finally, hopefully the bottom has been reached. Up 15%

[1hercule] 03/9/2021 20:37

Good day in Canada

[swallowsflysouth] 18/8/2021 20:59

Ginko, I only invest in companies listed on LSE, thank you for the thought.

[robertstronghand] 18/8/2021 20:19

The share price will follow gold and the rest of the sector. Provided the gold price doesn't collapse they should have no issues borrowing, no need for an equity raise, was hoping they wouldn't need to but it isn't a big issue. Does interactive investor allow you to buy shares on Vancouver exchange, some juniors on it I am interested in?

[ginko3] 18/8/2021 08:49

Swallows. . . have you had a look at Erdene Resources; another of Sprotts investments?

[swallowsflysouth] 17/8/2021 19:33

Hi Bwana,
I'm good now, had a bad spell but on the up and up. Hope all is well with yourself ?
I rather fortunately sold my Sprott gold bricks at a good time for investing here. So while I am underwater here I made money on my gold bricks. Decided I was better off in a decent mining operation which I think this is. Are there any mining operations that do not have hiccups along the way ? Are there any AIM companies that are not run by born optimists ? Sprott are not fools. You do your homework and either buy into their story or you walk away, simple. I to have plenty of patience.
Take care
SFS

[jeanesy] 17/8/2021 17:02

There is some chatter on the canadian BB that they are likely to need a capital raise. If so then the price could well fall further. hxxps://ceo.ca/PGM

[bwana4] 17/8/2021 16:11

SWS, I hope all is well with you.
It has been a while since you last posted ! Well yes !! Not very nice to see the share price perform as it has !
One thing we should not forget is that over the years it is going to be the 16th largest gold producer in the world.
What value then ? Yes I am underwater at an average of around 90P !
Well one day that will be in the back mirror. What sale price ? I think Rick Richi is a man with patience and so am I.
GLA and ATB.

[swallowsflysouth] 16/8/2021 22:39

Katsy, just out of idle curiosity do you ever do a positive post ?

[katsy] 16/8/2021 15:48

Before tomorrows jam is reached I reckon 50p could be on the cards.

[robertstronghand] 16/8/2021 14:56

Sprott research with an update on their research page.

hxxps://www.sprott.com/media/4190/210816-scp-pgm-guidance.pdf

[robertstronghand] 16/8/2021 11:40

Cash costs will jump around too based on head grade and tonnes milled. Lamaque $480 with head grade at 7.25 in Q2 2020, $759 at 5.17 in Q1 2021. Q4 is higher than I would like but there is no question costs will drop, it is a question of how much. Head grade sustained at 9 then AISC at $787 is possible, although costs have risen in the mining business.

[easybrent] 16/8/2021 11:20

robertstronghand, I am referring to this "Cash Costs1 for the fourth quarter, the first full quarter of commercial production, are expected to be in the range of US$1,025 – $1,125 per ounce"

This cash cost guidance is way higher than it should be at the Q4 production rate, compared to previous guidance.

[robertstronghand] 16/8/2021 11:03

It is AISC $1600 to $1750. I am invested in Eldorado Gold, they started up Lamaque, also an old mine with a pre-existing plant, costs jump around wildly based on grade and tonnes milled and the amount of sustaining capital spent in the quarter, as you can see in the Interactive Analyst Center Operating Data segment on their website. Higher grade in 2022, more tonnes milled and less spent on sustaining capital will have a big effect. For Lamaque Q4 2019 AISC was $1273 due to higher capex and lower head grade, even though more tonnes were milled, Q3 2020 AISC was $747 as higher head grade and a lot lower sustaining capital impacted more than a lower amount of tonnes milled. Apart from the eight zone Lamaque and Madsen have similar profiles, and I expect them to run at similar rates once fully up to operating capacity, Pure Gold has boot strapped this mine, rightly so, just need to be patient, Eldorado had the resources to start at full capacity producing double the ounces per Q than PureGold.

[11_percent] 16/8/2021 10:04

Yes.....I need to look back over the RNSs and see where they are spending the cash.


8 Zone


With a dedicated contract crew now focused exclusively on the Main Ramp as of July, capital development will continue to be a priority for the balance of 2021 to ensure continued stope availability and flexibility and to accelerate drilling and access to 8 Zone.



and falling costs is expected to continue throughout 2022 and beyond as grades generally improve as mining progresses deeper and toward the 8 Zone as outlined in the 2019 Feasibility Study.

The 8 Zone was to be the icing on the cake.
Is it now a race to get there.....to rescue the situation.....don't know.

[easybrent] 16/8/2021 09:43

The cash cost guidance for Q4 is also way higher than it should be, so the company cant claim that the higher cost is only related to ramp-up investment cost.

[11_percent] 16/8/2021 09:20

Wow......we have a Mr 10,000 seller.

[11_percent] 16/8/2021 09:12

Its a "jam tomorrow" RNS......all about the good things that are happening.

They are spending cash on the ramps, fitting screens, and other work.....not sure what....I need to have a good look.
They dont say how much extra....outside the mine plan.

"and AISC are expected to fall significantly driven by higher grades and throughput coupled with decreased investment in capital development and other sustaining capital programs."

They do not put a number on it.....only "fall significantly".......in 2022.


AISC in the range of US$1,025 - $1,125 per ounce........EVEN WITH ALL THE GOOD THINGS THEY HIGHLIGHT in paragraph 1.....grades up, mill throughput, some screens fitted, etc.....they are not making any money.........it certainly isn't commercial.

Its all about the extra costs......when they will stop......and what the AISC will come down to in 2022.

Are we a high cost mine......going forward.

[jeanesy] 16/8/2021 09:04

That is why the shareprice is where it is Katsy. Mining underground can be an expensive business, particularly to begin with when the grades are lower.

[katsy] 16/8/2021 08:53

I thought, that must be a mistake of AISC $1750, surely no gold miner can operate at that cost!! If so I'm wasting my time being invested here, as it only needs another small bear raid on gold where it would mean it actually more to produce each ounce then it would be to do nothing.

I guess it's still start-up costs but they do seemed overly exposed to the POG. How much AISC falls is the key, but if POG/exchange rates also change for the worse, then what??

[jeanesy] 16/8/2021 08:51

They must be barely breaking even at those costs.

[11_percent] 16/8/2021 08:47

The thing I do not like is that they do not put a number on AISC going forward.....just say it will come down.

[captain_kurt] 16/8/2021 07:26

Ouch...costs are too high

AISC(1) for the fourth quarter is expected to be in the range of US$1,600 - $1,750 per ounce.