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UID: info@vconferenceonline.com
SUMMARY:Pure Gold (PGM.V)
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CLASS:PUBLIC
DTSTART:20191121T090000
DTEND:20191121T093000
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DESCRIPTION:With the project now fully funded, our first gold pour at the Madsen Red Lake Mine is planned for late 2020. With the commencement of production, <strong>Pure Gold Mining&nbsp;(PGM.V)</strong> will be joining the small, elite group of well-funded gold producers with high-grade, multi-million ounce deposits located in prolific, mining-friendly jurisdictions such as Red Lake, Ontario, Canada.&nbsp;<br />
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The high-grade/low-capex nature of the Madsen mine reflects in its leverage to gold price: at US$1,400/oz. the After-Tax NPV5% is C$326mm with an After-Tax IRR of 45%2.<br />
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As we commence construction, our project is perfectly timed to benefit from a rising gold market, and looks set to generate well over C$800 million in cumulative pre-tax cash flow with gold currently near C$2,000 per ounce.<br />
Pure Gold is the only Operator in the Red Lake camp that has plans to start a mine with a new deposit in 2020.<br />
<img src="https://vconf_materials.s3.amazonaws.com/img/clients/pure-gold-120x120.png" alt="" />
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