Pure Gold Mining, Inc.

Pure Gold Mining, Inc.

Pure Gold Mining, Inc.

Overview
Date Founded

2005

Headquarters

1055 West Hastings Street, Suite 1900, Vancouver, BC, V6E 2E9, CAN

Type of Company

Public

Employees (Worldwide)

10

Industries

Non-Energy Mining & Minerals
Metal Manufacturing & Products

Company Description

Pure Gold Mining, Inc. engages in the acquisition, exploration, and development of gold mineral deposits in Canada. Its projects include Madsen Red Lake Gold Project. The company was founded on November 14, 2005 and is headquartered in Vancouver, Canada.

Contact Data
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Executives & Employees

Executive Director, President & Chief Executive Officer

Chief Financial Officer & Company Secretary

Chief Exploration Geologist

Chief Geoscientist

Vice President-Exploration

Vice President, Operations

Vice President, Operations

Vice President, Business Development

Chief Engineer

Vice President-Exploration

Board of Directors

Former Analyst at Canaccord Adams

Former Partner at PricewaterhouseCoopers LLP

President & Chief Executive Officer at Bullfrog Gold Corp.

President at R. Pease Consulting, Inc.

Former Chief Operating Officer at Fronteer Gold, Inc.

Founder at Oxygen Capital Corp.

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Owners & Shareholders
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CQS is an active, fundamentals-based manager which follows a collaborative multi-disciplinary approach focused on fundamental research, quantitative analysis and investment expertise, seeking adjacencies across all areas in which they invest.The firm employs a bottom-up approach and invests in strategies that offer the most attractive risk-adjusted returns. Their risk management platform, operational infrastructure and margin and liability management framework form the core of their investment platforms and activities.CQS places significant emphasis on communication with investors and seeks to communicate regularly and effectively with them.

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Merk Investments manages a group of no-load mutual funds that offer investors the benefits of diversification through exposure to investments in the currencies markets. The firm's investment approach determines and periodically revises currency exposure allocations based on quantitative and qualitative analysis. They seek to achieve positive absolute returns from exposure to currencies.^^The Merk Absolute Return Currency Fund (MABFX) seeks to generate positive absolute returns by investing in currencies. The Fund is a pure play on currencies that seeks to profit regardless of the direction of the US dollar or traditional asset classes.^^The Merk Hard Currency Fund (MERKX) seeks to profit from a rise in hard currencies relative to the U.S. dollar. The Fund typically invests in a basket of hard currencies. ^^The Van Eck Merk Gold Trust (OUNZ) is an ETF that seeks to provide investors with an opportunity to invest in gold through the shares and be able to take delivery of physical gold bullion (physical gold) in exchange for their shares. The Trust’s secondary objective is for the shares to reflect the performance of the price of gold less the expenses of the Trust’s operations.

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Konwave invests in global equity across market caps with a strong focus on small- to mid-cap companies. The firm's portfolios are geographically highly diversified, with the majority of their holdings in Canada and Australia, complemented with investments in the US, South Africa, the UK, Brazil, Peru, Papua New Guinea, the Russian Federation, etc.Konwave invests in companies engaged in exploration, extraction, subsequent treatment, handling and trading of gold and other precious metals. They focus on gold mining companies with growth potential, likely to perform when gold prices stagnate. Companies with high production costs are screened for cost reduction potential. Exploration ventures should be well capitalized and hold identified resources. The firm aims at taking advantage of consolidations within the gold sector, brought about by the need for large mining operations to maintain production levels.The firm's investment process is strictly bottom-up within the predefined sector.

Recent Transactions
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purchases Pure Gold Mining, Inc.

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Pure Gold Mining, Inc. purchases Orefinders Resources, Inc. /Derlak Project from Orefinders Resources, Inc.

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Premier Gold Mines Ltd. purchases Pure Gold Mining, Inc. /Buffalo Mining Assets from Pure Gold Mining, Inc.

Transaction Advisors
Escrow Agent

Advised on purchases Pure Gold Mining, Inc.

Investment Advisor

Advised onPremier Gold Mines Ltd. purchases Pure Gold Mining, Inc. /Buffalo Mining Assets from Pure Gold Mining, Inc.

Auditor

Advised on purchases Pure Gold Mining, Inc.

Key Stats and Financials As of 2019
Market Capitalization
$810M
Total Enterprise Value
$144M
Earnings Per Share
$-0.05
TEVNet Income
-9.02x
Debt TEV
0.1x
Three Year Compounded Annual Growth Rate Of Revenue
0%
Five Year Compounded Annual Growth Rate Of Revenue
0%
Revenue
$0
Net Profit
$-16M
EBITDA
$-11.6M
Total Debt
$14.3M
Total Equity
$36.3M
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Imdex Ltd. engages in the provision of mining equipment, technology, and services. It operates through the AMC and REFLEX brands. The AMC brand deals with drilling fluids, equipment, technologies, and software. The REFLEX brand includes downhole instrumentation, data management and analytical software for geological modelling. The company was founded on December 17, 1980 and is headquartered in Balcatta, Australia.

Sandstorm Gold Ltd. Metal Manufacturing & Products | Vancouver, Canada

Sandstorm Gold finances gold mining projects through an arrangement called gold streaming. A gold stream involves Sandstorm making an upfront payment to a mining partner that is in need of capital to build their mine, refinance their obligations, complete an acquisition or for various other reasons. In exchange for that upfront payment, Sandstorm receives a contract which stipulates the purchase of a certain percentage of the gold produced from the mine, for the life of the mine, at a fixed per unit cost. To give an example, one of Sandstorm’s gold streaming agreements is with a company called Mutiny Gold (ASX-MYG). Mutiny needed capital for the development of its Deflector project in Western Australia. Sandstorm provided US$38 million to Mutiny as an upfront cash payment and in return, received a gold streaming agreement to purchase 15% of the life of mine gold produced from Deflector at US$500 per ounce.

Nordmin Engineering Ltd. Thunder Bay, Canada

Competitors
Premier Gold Mines Ltd. Non-Energy Mining & Minerals - Thunder Bay, Canada

PREMIER is a North American focused exploration and development company with multiple gold projects located in the heart of proven mining districts in North America. Several projects are within the prolific Superior Geological Sub-Province of Ontario, widely considered to be one of the world's most endowed mineral regions and the birthplace of several world class Canadian gold producers and two located in the heart of Nevada's Carlin and Battle Mountain Trends, one of the largest and most productive accumulation of gold deposits in North America. Our business model is designed to shorten the pathway to exploration success, while reducing our shareholder's exposure to risk, by focusing on: PROVEN mining districts. ACCESSIBLE regions HIGH GRADE deposits SAFE jurisdictions The Company holds a strategic property portfolio, unrivalled in the industry, with core projects that are all potential "company-makers" in their own right. Trans-Canada Project (100%PG) - over 50 kilometres of the Geraldton-Beardmore district's most prospective geological structures including the multi-million ounce Hardrock deposit. Rahill-Bonanza Joint Venture (49%PG - 51%G) - the last piece of the prolific Red Lake "Mine Trend" not 100% owned by Goldcorp. Cove Project (100%PG) - located within the Eureka-Battle Mountain Trend that is host to a number of multi-million ounce producing and past-producing mines and represents one of the most under-explored gold projects in Nevada. South Carlin Project (100%PG) - Located down plunge and in the vacinity of Newmont's Rain Gold Mine in the Heart of Nevada's fertile Carlin Trend. We believe there is a "World of Opportunity" out there, and intend to continue making investment decisions that will secure it for our shareholders of today and tomorrow.

Battle North Gold Corp. Non-Energy Mining & Minerals - Vancouver, Canada

Battle North Gold Corp. engages in acquisition, exploration and development of gold and base metal exploration properties. Its properties include Phoenix Gold, Nevada Properties and Red Lake Exploration. The company was founded by David William Adamson on March 4, 1996 and is headquartered in Toranto, Canada.

Great Bear Resources Ltd. Non-Energy Mining & Minerals - Vancouver, Can

Great Bear Resources Ltd. is a mineral exploration company. It engages in the acquisition, exploration and development of mineral properties. It holds interest in Dixie and West Madsen projects. The company was founded on December 6, 2001 and is headquartered in Vancouver, Canada.

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