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MarketScreener Homepage  >  Equities  >  TSX VENTURE EXCHANGE  >  Pure Gold Mining Inc.    PGM   CA74624E1007

PURE GOLD MINING INC.

(PGM)
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Pure Gold Mining Raises $5 Million as AngloGold Raises Stake to 16%

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08/18/2020 | 04:14am EDT

By Adria Calatayud

 

Pure Gold Mining Inc. said Tuesday it has received an additional $5 million investment as the company's largest shareholder, AngloGold Ashanti Ltd., raised its stake to 16%.

AngloGold exercised share-purchase warrants with a strike price of $0.85, Pure Gold said. According to FactSet, AngloGold previously had a 12.99% stake in Pure Gold.

Pure Gold, a Canada- and U.K.-listed company, said it is in a solid financial position to complete construction of its Pure Gold mine in Canada while also advancing its exploration program.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 


Stocks mentioned in the article
ChangeLast1st jan.
ANGLOGOLD ASHANTI LIMITED -1.20% 400 End-of-day quote.26.38%
GOLD 0.32% 1907.87 Delayed Quote.25.13%
PURE GOLD MINING INC. 10.43% 2.54 Delayed Quote.183.95%
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All news about PURE GOLD MINING INC.
06:40aPURE GOLD MINING : PureGold Intersects 1,147 g/t Gold Over 1.2 Metres from Under..
PU
06:31aPURE GOLD MINING : PureGold Intersects 1,147 G/T Gold Over 1.2 Metres From Under..
AQ
08/18PURE GOLD MINING : Raises $5.0 Million From the Exercise of Share Purchase Warra..
AQ
08/18Pure Gold Mining Raises $5 Million as AngloGold Raises Stake to 16%
DJ
08/17PURE GOLD MINING : PureGold Resumes Operations at Site
AQ
08/14PURE GOLD MINING : Reports Second Quarter Financial Results
PU
08/13PURE GOLD MINING : Reports Second Quarter Financial Results and Grants Deferred ..
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08/11Seismic Survey Initiated at Pacton's Red Lake Gold Project, Ontario
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08/11PURE GOLD MINING : PureGold Provides Update on Operations
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07/29PURE GOLD MINING : Underground Drilling at PureGold Red Lake Mine Intersects 12...
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More news
Financials
Sales 2020 1,33 M 1,01 M 1,01 M
Net income 2020 - - -
Net Debt 2020 24,0 M 18,2 M 18,2 M
P/E ratio 2020 -76,7x
Yield 2020 -
Capitalization 905 M 688 M 687 M
EV / Sales 2020 697x
EV / Sales 2021 5,00x
Nbr of Employees 64
Free-Float 67,4%
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Technical analysis trends PURE GOLD MINING INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 1,91 CAD
Last Close Price 2,30 CAD
Spread / Highest target 13,0%
Spread / Average Target -17,0%
Spread / Lowest Target -71,3%
EPS Revisions
Managers
NameTitle
Darin Labrenz President, Chief Executive Officer & Director
Graeme Currie Chairman
Kenneth Donner Vice President-Operations
Sean Tetzlaff Chief Financial Officer & Secretary
Mark G. O'Dea Independent Non-Executive Director
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1st jan.Capitalization (M$)
PURE GOLD MINING INC.183.95%685
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