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Pure Gold Mining Inc. (PGM.V)

TSXV - TSXV Real Time Price. Currency in CAD
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2.2100-0.0600 (-2.64%)
At close: 3:59PM EST
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Previous Close2.2700
Open2.1700
Bid2.2100 x 0
Ask2.2600 x 0
Day's Range2.1700 - 2.2700
52 Week Range0.3800 - 3.0800
Volume329,447
Avg. Volume1,083,646
Market Cap870.948M
Beta (5Y Monthly)1.23
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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Press Releases
  • PureGold Appoints Vice President Business Development
    GlobeNewswire

    PureGold Appoints Vice President Business Development

    VANCOUVER, British Columbia, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (PGM:TSX-V, PUR:LSE) (“PureGold” or the “Company”), is pleased to announce the appointment of Chris Haubrich as Vice President, Business Development.Mr. Haubrich is a mining finance professional and registered Professional Mining Engineer with over a decade of experience in mergers and acquisitions, corporate strategy, capital markets, operations, and engineering consulting in the mining industry. Prior to joining PureGold, he served as Vice President, Investment Banking with National Bank Financial where he covered the mining sector and advised clients on a wide range of M&A and financing transactions. Mr. Haubrich started his career as an underground mining engineer with Cameco Corporation and has since evaluated numerous mining projects across the world from both financial and technical perspectives. He holds a Bachelor of Science degree in Mining Engineering from the University of Alberta, a Master of Science degree in Mineral and Energy Economics from Colorado School of Mines and is a CFA Charterholder.“I am very pleased to welcome Chris to our management team,” said Darin Labrenz, President and CEO of PureGold. “Chris brings to the role extensive industry experience in mine finance and corporate strategy, ideally suited for the Company’s objectives. With the achievement of first gold production at our PureGold Mine, Chris adds complementary skills to our management team at the right time as we look to broaden awareness within the investment community and build out our corporate growth strategy.”  As part of his compensation, Mr. Haubrich has been granted incentive stock options to purchase 400,000 common shares of the Company. The options are exercisable on or before January 1, 2026 at a price of $2.60 per common share, and were granted in accordance with the Company’s Stock Option Plan.About Pure Gold Mining Inc.PureGold is a growth company, located in the very heart of Red Lake, Canada. Our objective is pure and simple. To develop a highly-profitable long life gold mining company, becoming Canada’s next iconic gold producer. 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 return.Additional information about the Company and its activities may be found on the Company’s website at www.puregoldmining.ca and under the Company’s profile at www.sedar.com.ON BEHALF OF THE BOARD “Darin Labrenz” Darin Labrenz, President & CEOInvestor inquiries: Adrian O’Brien, Director Marketing & Communications Tel: 604-809-6890 aobrien@puregoldmining.caNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

  • First Gold Poured at the PureGold Mine
    GlobeNewswire

    First Gold Poured at the PureGold Mine

    PureGold Transitions to ProducerVANCOUVER, British Columbia, Dec. 30, 2020 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (PGM:TSX-V, LSE:PUR) (“PureGold” or the “Company”), is pleased to announce that first gold has been poured at the Company’s high-grade PureGold Mine, in Red Lake, Ontario.   The first pour occurred on December 29th, following the introduction of ore to the mill on December 15th, 2020. “Today, the PureGold Mine has come to life. With our first gold pour, we have transitioned to producer, and delivered on our promise to build Canada’s newest gold mine in the heart of Red Lake Ontario, on budget and on schedule,” said Darin Labrenz, President and CEO of PureGold. “To build a mine at any time requires a complete team effort comprised of dedicated, driven, and focussed individuals. To do so under the unique challenges of 2020 speaks to the quality and dedication of the entire team. With this first gold bar, we are now focussed on ramping up the operation to steady state production as we continue to build a long-life growth company in Red Lake.”With the commencement of production at the PureGold Mine, activities at site are now concentrated on optimizing the operation, with Commercial Production anticipated by the end of Q1 2021 at which time the Company will be providing guidance. PureGold will also continue to pursue its aggressive growth strategy in 2021, with ongoing exploration drilling from both surface and underground, an update of mineral resources to include drilling completed over the last two years, and incorporation of significant improvements in mine design and mine plan.For a photo of the first gold bar poured at The PureGold Mine, click link below: https://puregoldmining.ca/wp-content/uploads/2020/12/IMG_0069-Final-4.pngAbout Pure Gold Mining Inc. PureGold is a growth company, located in the very heart of Red Lake, Canada.   Our objective is pure and simple. To develop a highly profitable long life gold mining company, becoming Canada’s next iconic gold producer. 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 return.Additional information about the Company and its activities may be found on the Company’s website at www.puregoldmining.ca and under the Company’s profile at www.sedar.com.ON BEHALF OF THE BOARD "Darin Labrenz"                         Darin Labrenz, President & CEO Investor inquiries: Adrian O’Brien, Director Marketing & Communications Tel: 604-809-6890 aobrien@puregoldmining.ca Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to PureGold within the meaning of applicable securities laws, including, but not limited to statements with respect to those that address proposed timing of development plans for the PureGold Red Lake Mine (RL Mine Project), timing of expected production, expected capital costs, expected development schedule, potential for advancing the timing for higher grade ore, potential for additional resources and the focus of the Company in the coming months . Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including, among others, assumptions about future prices of gold and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining governmental approvals and financing on time, obtaining renewals for existing licences and permits and obtaining required licences and permits, labour stability, stability in market conditions, availability of equipment, accuracy of any mineral resources, successful resolution of disputes and anticipated costs and expenditures. Many assumptions are based on factors and events that are not within the control of PureGold and there is no assurance they will prove to be correct.Such forward-looking information, involves known and unknown risks, which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information, including, risks related to the interpretation of results at the RL Mine Project; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; the costs and timing of the development of new deposits; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; the timing and success of exploration activities generally; delays in permitting; possible claims against the Company; the timing of future economic studies; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, financing or in the completion of exploration as well as those factors discussed in the Annual Information Form of the Company dated March 26, 2020 in the section entitled "Risk Factors", under PureGold’s SEDAR profile at www.sedar.com.Although PureGold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. PureGold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

  • PureGold Announces Annual Grant of Incentive Stock Options, Deferred Share Units and Restricted Share Units
    GlobeNewswire

    PureGold Announces Annual Grant of Incentive Stock Options, Deferred Share Units and Restricted Share Units

    VANCOUVER, British Columbia, Dec. 18, 2020 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (PGM:TSX-V, LSE:PUR) (“PureGold” or the “Company”), announces that is has granted 1,955,000 Incentive Stock Options to directors and certain employees, 975,000 Deferred Share Units (DSUs) to directors and 1,134,930 Restricted Share Units (RSUs) to certain employees pursuant to its Incentive Stock Option , DSU and RSU Plans. The Incentive Stock Options have an exercise price of $2.84 and have a range of vesting periods over three years and expire after five years.The RSU’s are payable in common shares of the Company on exercise, have a range of vesting periods over three years and must be redeemed by December 31, 2023, or they expire.The DSU’s vest immediately upon grant and are payable in common shares of the Company, upon the holder ceasing to be a director of the Company.About Pure Gold Mining Inc.PureGold is a growth company, located in the very heart of Red Lake, Canada. Our objective is pure and simple. To develop a highly-profitable long life gold mining company, becoming Canada’s next iconic gold producer. 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 return.Additional information about the Company and its activities may be found on the Company’s website at www.puregoldmining.ca and under the Company’s profile at www.sedar.com.ON BEHALF OF THE BOARD "Darin Labrenz"                         Darin Labrenz, President & CEOInvestor inquiries: Adrian O’Brien, Director Marketing & Communications Tel: 604-809-6890 aobrien@puregoldmining.caNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.