Pure Gold Mining Share Discussion Threads

[jeanesy] 16/11/2021 11:41

I would agree sfs but personally I would say this is a buy for the brave only until their issues have been resolved. More money could be needed in the meantime.

[swallowsflysouth] 16/11/2021 09:54

pog going up and PUR should be mining higher grades. More initial mining hiccups possible. If things go smoothly over next few months share price should shift drastically.

[katsy] 16/11/2021 09:37

So do we need gold about $2400 to make a profit here!! I know many miners who would love to have the grades these guys have, so how have they made such a mess of getting going.

[mufprat] 15/11/2021 20:45

Big late reported sell?

[jeanesy] 15/11/2021 19:51

Big late reported sell. I am surprised this is still above 50p tbh. Company losing money , not reporting AISC . I think they will need financing again soon unless they can up production and improve grades quickly imo.

[mufprat] 15/11/2021 15:04

TSX is the main market for PUR - AIM follows

[11_percent] 15/11/2021 09:35

Its a disaster.....

[jeanesy] 15/11/2021 09:23

I meant the Canadian price will drop to our price. The market is very unforgiving atmo and that RNS has too much bad news in it. I am still waiting for the turnaround RNS and i'm afraid this one isn't it !

[robertstronghand] 15/11/2021 09:05

It normally corrects when Canada opens...

[jeanesy] 15/11/2021 08:53

I suspect that difference will change once the market in Canada opens myself.

[kickingking] 15/11/2021 08:40

It would be good if you could buy your shares in London and sell them in Canada for a quick 5p profit.

[robertstronghand] 15/11/2021 08:27

Costs are higher at the moment as they are still opening up the mine with extending the Main Ramp to access the Eight Zine early, also the East Ramp and accessing the stopes there. In retrospect they should have left the Eight Zone and Main Ramp till later and focussed on the East Ramp, hence why some people have left and Maryse Belanger has stepped in. Mostly these are not recurring costs and the market already priced this in. I am always impressed by people who can't divide the CAD price by the exchange rate, these are trading at 64p there, yet you can pick them up below that in London.

[atlantic57] 15/11/2021 08:24

What a disaster this Company has proved to be.All the hype ahead of the first pour.

[jeanesy] 15/11/2021 07:38

There is nothing new here , we had this in october in the 3rd quarter production update. Doesn't make great reading . The key thing for me is what is the AISC . It must be pretty high if the company is continuing to make those sort of losses

[11_percent] 15/11/2021 07:15

Pure Gold Mining Inc. 3rd Quarter Results
15/11/2021 7:00am

Still making a loss.
======================

Financial Results

-- Mine operating loss of $5.9 million for the three and nine months ended September 30, 2021;[5];

-- Revenues, net of refining costs of $15.9 million for the three and nine months ended September 30, 2021(5) ;

-- Net loss and comprehensive loss for the three and nine months ended September 30, 2021 totaled $13.2 million and $17.1 million respectively;

-- Basic and diluted loss per share for the three and nine months ended September 30, 2021 of $0.03 and $0.04, respectively

-- Cash balance as of September 30, 2021, of $24.3 million;
-- Total loans and borrowings as of September 30, 2021, of $122.7 million; and
-- Gold Stream derivative liability as of September 30, 2021 of $44.1 million.

[hubs] 14/11/2021 18:34

And hopefully the 13day sma is about to finally cross the 49 day sma! Uptrend hopeful.gla.

[tnt99] 12/11/2021 08:09

Strong gold price and improving production numbers should see a rapid return on the share value back up to 1.20 plus within 6 months my view

[robertstronghand] 11/11/2021 17:54

Through the 50 DMA in Canada, these will move back up quickly.

[chipperfrd] 05/11/2021 16:13

Thanks RSH. Useful feedback.

[robertstronghand] 05/11/2021 15:35

Source: CEO.ca PGM.v board: I spoke with IR. Here is some information that will help folks here. The grades hadn’t matched the feasibility study because sufficient stope feed was not available to feed the mill. But from now till Feb, the mill is operating at 700 tpd resulting in 7 gpt...in line with the fs. At this rate, they would be producing 50k oz/year, but once they ramp up to 1000 tpd, the production will increase to 80k oz/year as planned. Note that the mill can already operate at these levels, just need more ore fed to it. So @Boreas7 AISC will drop as they begin producing more gold, which is expected to be at $1200 in 2022 before precipitously dropping below $700 in 2023 and beyond. IR was extremely confident in the skill sets of the new mine manager. The previous mine manager’s leave was unplanned and unexpected, he left on his own accord for retirement.

@goldore As for the difference between poured vs. produced, basically poured can include the accumulated gold from the previous cycle. While "produced" is the correct representative of present production. IR apologized for poor wording. I did let IR know communication so far has been poor.

The upcoming catalyst is the resource update which will include, for the first time, drill results from 50,000 meters of drilling. This is all new surface drilling that had not been part of the current mine plan. So it will significantly improve the project economics and NPV. Besides that, financial report should be coming out mid November...this is not a catalyst per se but good to keep in mind. The company will begin engaging in interviews early 2022. I recommended they get on @CruxInvestor, to which the IR agreed. The company has now reached depths at which they can begin drilling the 8 Zone. This announcement should be made soon. Once the drill results begin pouring out, say middle of next year, we will have no where to go but up.

We all have two big concerns: does the grade match the mine plan? And is the gold mineable profitably? So in light of the above updates, please note that grades are now matching the fs as of November. Furthermore, while many are wary of this turning into another Battle North, the IR wants us to know that the geology of the deposit and its structure are different. Madsen was a past producing mine that operated for 30 years with no history of issues. This resource is well defined due to the unprecedented one million meters of historical drilling. We should all bear in mind that before the discovery of HGZ, the Red Lake Mine was producing 50k oz/yr. This jumped to 500k/yr oz with HGZ!! We have the same structure at depth, and in many instances the grades are double what was discovered at HGZ.

[nigerianprince] 29/10/2021 20:36

Just a tad. AV is 60p

[jeanesy] 28/10/2021 20:21

you must be well under water with those NigerianPrince ? I hope it turns around for you.

[nigerianprince] 28/10/2021 17:41

That's was me with the 100k share buy. Dont get excited. total holdings now 500k.

[kickingking] 28/10/2021 16:07

Maybe this has something to do with the rise todayhttps://www.globenewswire.com/news-release/2021/10/28/2322523/0/en/PureGold-Intersects-55-4-g-t-Gold-over-5-0-Metres-and-14-5-g-t-Gold-over-13-2-Metres.html