Pure Gold Mining, Inc. V.PGM

Beleggen in aandelen beurs China Shanghai Composite, Toronto, etc.

William Wallace 2
Forum gebruiker
Forum gebruiker
Berichten: 110
Lid geworden op: 31 aug 2017 09:02
waarderingen: 59
Contacteer:

Re: Pure Gold Mining, Inc. V.PGM

Bericht door William Wallace 2 » 11 mar 2019 09:39

Pure Gold Mining Inc. delivers a presentation at the March 2-3, 2019 Metals Investor Forum in Toronto.

https://www.youtube.com/watch?v=mUT_ogF ... ture=share



powered by Surfing Waves

ancaoli
Forum veteraan
Forum veteraan
Berichten: 1062
Lid geworden op: 28 jan 2018 18:54
waarderingen: 539
Contacteer:

Re: Pure Gold Mining, Inc. V.PGM

Bericht door ancaoli » 17 jul 2019 17:22

Rising gold price augurs well for Pure Gold Mining's high grade Madsen Red Lake project

2019-07-05 07:29:00
The London and Toronto listed group is now on the cusp of producing - targeting first gold in the second half of next year
Mining camp
The Madsen project is an underground operation

The current rising gold price augurs well for Ontario-focused mine developer Pure Gold Mining Inc (CVE:PGM) (LON:PUR) (OTCMKTS:LRTNF) and the value of its exciting Madsen Red Lake Gold Mine, which isn't far off producing the precious metal.

A decision to advance to production is forthcoming.

For example, based on feasibility study numbers, an increase of just US$25 in the gold price generates a $23 million increase in the Ontario project's pre-tax net present value (NPV) and those numbers balloon when gold sees US$100 dollar increases as we have in recent months.

READ: Pure Gold Mining Inc set to bring in C$32.5 million in bought-deal placing
Notably, the Madsen project – which includes a past producing mine site - lies in the prolific Red Lake region, where in the last 90 years alone, more than 29 million ounces of the yellow metal have been churned out. The area also built mining titan Goldcorp, prior to its recent acquisition by Newmont, now Newmont Goldcorp Corp (TSE:NGT).

Madsen covers 47 sq kms and is host to two significant past producing mines, which together have already produced 2.5 million ounces of gold.

There is already a mill and tailings facility, paved highway access, power, a shaft, and ramp, among other vital infrastructure.

The company, listed in London and Toronto, is now on the cusp of producing; targeting first gold production in the second half of next year (2020).

So, what does all this got to do with the gold price? Well, it's been on a roll recently amid global economic uncertainty, safe haven asset buying and ideas of easier (looser) central bank monetary policies.

Gold recently came close to beating a six-year high and is currently off a tad but still around the US$1,417 level.

Robust operation

A feasibility study for Madsen, released this February, using a base case of US$1,275 for gold outlined a robust 12-year, high grade, 800 tonne per day (tpd) underground mining operation with low initial capital costs based on probable reserves of 1mln ounces at an impressive 9 g/t (grams per ton) gold. Madsen is the highest-grade underground development project in Canada and ranks 11th out of 132 projects globally.

The project's pre-tax net present value (NPV) was pegged in the February feasibility at an impressive $353 million, with a pre-tax IRR (internal rate of return - the higher the IRR figure, basically the higher the cashflow to investors) of 43% based on a gold price of US$1,275. The after tax NPV is $247 million based on gold at US$1,275, while the after-tax IRR was put at 36% at the same gold price.

But gold today is nearer the US$1,419 mark and as Pure Gold's metrics have -shown, using a gold price of US$1,400 an ounce, the after tax NPV at Madsen rises to $326 million ($79M more than at US$1,275), while the after-tax IRR moves to 45%. In other words, the high-grade nature of the deposit offers investors leverage to a rising gold price.

That's an impressive 32% increase in the after-tax net present value of the project with a rise of US$125 in the gold price.

"We’re in a really good position given that our project is located in Canada," Pure Gold's chief executive Darin Labrenz told Proactive.

"All of our costs are effectively in CAD. Gold is trading around US$1,410 per ounce, which pushes us closer to about $330 million in after tax NPV with an IRR of close to 50%. You can see the impact there with the improvement of more than $75 million on the NPV from that move in gold price."

Large gold system

Madsen enjoys undoubtedly a large gold system. There are 2.1 million ounces of the precious metal in the higher confidence resource category and 0.5 million in inferred. The life of mine cash costs were put at US$607per ounce and all-in-sustaining cash costs (AISC) of US$787 per ounce.

Total pre-production capital cost (capex) for the project is estimated at C$95 million (US$71M), inclusive of a C$8.1 million contingency.

In a new exploration program, Pure Gold is aiming to grow mineral resources on three new discoveries at Madsen: Wedge, Fork and Russet South.

In May this year, Pure Gold said it planned to drill up to 12,000 metres expected to focus primarily on the Wedge deposit. In addition to drilling, the program will also continue surface work to prepare another 24 targets that Pure Gold identified as high priority. Pure Gold’s previous drill intersections from Wedge, Fork and Russet South included:

Wedge:

o 33.3 g/t gold over 8.3 metres from drill hole PG17-467; o 21.3 g/t gold over 10.3 metres from drill hole PG17-486; o 15.1 g/t gold over 5.4 metres from drill hole PG16-215; o 19.9 g/t gold over 3.3 metres from drill hole PG18-564; and o 354.0 g/t gold over 1.0 metre from drill hole PG18-540.
Russet South:

o 76.0 g/t gold over 2.1 metres from drill hole PG16-233; o 27.1 g/t gold over 5.8 metres from drill hole PG17-364; o 39.1 g/t gold over 2.9 metres from drill hole PG15-031; and o 15.0 g/t gold over 5.0 metres from drill hole PG15-028.
Fork / Starratt:

o 17.2 g/t gold over 3.5 metres from drill hole PG17-467; o 104.1 g/t gold over 3.0 metres from drill hole PG16-198.
The exploration program is expected to be complete by December this year.

So, it's easy to see why this company and project are gaining significant interest.

Contact the author at giles@proactiveinvestors.com
William Wallace 2 liked last!
Vaste Portefeuille:Gala, FM, Recticel, Exmar, WRN, Accentis, Global G, Roularta, Argenx, Enwave, Agfa, Pure Gold Mining, Ontex, OCI, Onespan

ancaoli
Forum veteraan
Forum veteraan
Berichten: 1062
Lid geworden op: 28 jan 2018 18:54
waarderingen: 539
Contacteer:

Re: Pure Gold Mining, Inc. V.PGM

Bericht door ancaoli » 02 dec 2019 21:34

Pure Gold sluipt stilletjes aan terug naar boven; klaar voor uitbraak? Overname in de pipeline?
Vaste Portefeuille:Gala, FM, Recticel, Exmar, WRN, Accentis, Global G, Roularta, Argenx, Enwave, Agfa, Pure Gold Mining, Ontex, OCI, Onespan

ancaoli
Forum veteraan
Forum veteraan
Berichten: 1062
Lid geworden op: 28 jan 2018 18:54
waarderingen: 539
Contacteer:

Re: Pure Gold Mining, Inc. V.PGM

Bericht door ancaoli » 03 dec 2019 10:06

Zag zonet volgend bericht op Tijd/Twitter

See new Tweets
Search timeline

Bart Goemaere
@Goemaere_Bart
·
1h
Hopla... Who's next? ENDEAVOUR SEEKS ENGAGEMENT WITH CENTAMIN TO CREATE LONG TERM VALUE THROUGH PROPOSED MERGER #HetRegentFusieEnOvernamesInDeGoudSector
Vaste Portefeuille:Gala, FM, Recticel, Exmar, WRN, Accentis, Global G, Roularta, Argenx, Enwave, Agfa, Pure Gold Mining, Ontex, OCI, Onespan

ancaoli
Forum veteraan
Forum veteraan
Berichten: 1062
Lid geworden op: 28 jan 2018 18:54
waarderingen: 539
Contacteer:

Re: Pure Gold Mining, Inc. V.PGM

Bericht door ancaoli » 05 dec 2019 14:27

By Jeff Lewis and Zandi Shabalala TORONTO/LONDON, Dec 4 (Reuters) - Gold miners look set to extend a deal spree after notching transactions worth a record $30.5 billion this year, according to data, the biggest M&A binge since bullion prices peaked nearly a decade ago. Led by top producers Newmont Goldcorp Corp NEM.N and Barrick Gold Corp ABX.TO , miners are bulking up to replace dwindling reserves and win back investors who in recent years shunned the sector because of disappointing returns. This year has seen 348 deals worth more than $30.5 billion, including net debt, according to Refinitiv Eikon data. That is up from $10.8 billion last year and surpasses a previous high of $25.7 billion set in 2010, the data show. Gold XAU= topped $1,900 per ounce in 2011 and currently trades around $1,484, after hitting a six-year high in September. The 2011 gold boom prompted buyers to overspend on acquisitions, leading to billions in impairments when prices crashed in subsequent years. This time, investors say acquirers are being more cautious. "The reality of the market is that nobody is able to go and pay the lofty premiums that we have seen in prior cycles because their own shareholders won't sanction it," said Rob Crayfourd, fund manager for CQS Natural Resources Growth. The premiums linked to recent gold transactions are far below those paid in the previous price boom, when 40% to 50% premiums were not uncommon. Gold investor group Paulson in September urged the smaller gold miners to seek nil-premium mergers to eliminate duplication and lower costs. urn:newsml:reuters.com:*:nL2N2630TJ Barrick paid no premium when it bought Africa's Randgold last year while Newmont offered an 18% premium when it snapped up Goldcorp to create the world's largest gold miner. More deals are likely among mid-tier miners, who face pressure from activist investors to lower costs and financing constraints, said Peter Grosskopf, CEO of precious metals-focused fund manager Sprott Inc. SII.TO . In a flurry of deals this week, Canada's Endeavour Mining Corp EDV.TO made a $1.9 billion all-stock takeover proposal for Africa-focused Centamin Plc CEY.L . A day earlier, China's Zijin Mining Group Co Ltd 601899.SS struck a deal to buy Continental Gold Inc CNL.TO for $1.3 billion in cash. urn:newsml:reuters.com:*:nL4N28D1U1 urn:newsml:reuters.com:*:nL4N28C2LU In November, Kirkland Lake Gold Ltd. KL.TO bid C$4.3 billion for Detour Gold DGC.TO while Australia's Saracen Mineral Holdings Ltd. SAR.AX snapped up Barrick's stake in Super Pit gold mine in Australia. urn:newsml:reuters.com:*:nL4N2852VU urn:newsml:reuters.com:*:nL4N28C2R1 urn:newsml:reuters.com:*:nL5N27X11G "That pendulum just started swinging and it's got a lot further to go," Grosskopf said, referring to more deals. Pretium Resources Inc PVG.TO , Pure Gold Mining Inc PGM.V , Roxgold Inc ROXG.TO and Silvercrest Metals Inc SIL.TO are among possible targets, according to industry sources. Canadian miner Iamgold Corp IMG.TO has drawn interest from state-backed China Gold International Resources Corp Ltd CGG.TO . urn:newsml:reuters.com:*:nL2N2691KP Gold miners have also boosted returns to shareholders, with Barrick, Kirkland Lake Gold and Yamana Gold hiking payouts on the back of revenues boosted by higher gold prices. urn:newsml:reuters.com:*:nL2N2630TJ Centamin snubs $1.9 bln bid proposal from Endeavour Mining urn:newsml:reuters.com:*:nL4N28D1U1 China's Zijin Mining to buy Canada's Continental Gold for $1 bln amid security risk urn:newsml:reuters.com:*:nL4N28C2R1 China Gold sees Canada's Iamgold as good fit -executive urn:newsml:reuters.com:*:nL2N2691KP ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Jeff Lewis in Toronto and Zandi Shabalala in London; Editing by Lisa Shumaker) ((zandi.shabalala@tr.com; +44 207 542 5937;))
Vaste Portefeuille:Gala, FM, Recticel, Exmar, WRN, Accentis, Global G, Roularta, Argenx, Enwave, Agfa, Pure Gold Mining, Ontex, OCI, Onespan

medaar
Forum gebruiker
Forum gebruiker
Berichten: 150
Lid geworden op: 07 mar 2013 23:20
waarderingen: 34
Contacteer:

Re: Pure Gold Mining, Inc. V.PGM

Bericht door medaar » 05 dec 2019 16:52

Overnamespeculatie, vandaar de plotse stijging. Na winstnemingen, hopelijk steun op 0.67.

Pretium Resources Inc PVG.TO, Pure Gold Mining Inc PGM.V, Roxgold Inc ROXG.TO en Silvercrest Metals Inc SIL.TO behoren tot mogelijke doelen, volgens bronnen in de industrie.De Canadese mijnwerker Iamgold Corp IMG.TO kreeg belangstelling van een door de Chinese overheid gesteund bedrijf, China Gold International Resources Corp Ltd.
Wel verwachten ze geen overnamepremies zoals in 2011.

Deelnemen aan het forum + meer functies?

Discussieer met duizenden beleggers, minder
advertenties, ideaal voor smartphone, betere
gebruikservaring en gratis abonneren op favoriete
onderwerpen. 
Registreer binnen enkele tellen



Plaats reactie