Pure Gold Mining Inc., an exploration stage company, engages in the acquisition, exploration, and development of gold, and other precious and base metal properties in Canada.
The last earnings update was 125 days ago.
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Pure Gold Mining. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
Pure Gold Mining's
is considered below, and whether this is a fair price.
Price based on past earnings
Pure Gold Mining's earnings available for a low price, and how does
this compare to other companies in the same industry?
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Pure Gold Mining has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
and how much profit it is expected to make.
Future estimates come from
professional analysts. Just like forecasting the weather, they don’t always get
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Pure Gold Mining
expected to grow at an
Unable to compare Pure Gold Mining's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Pure Gold Mining's earnings growth to the Canada market average as no estimate data is available.
Unable to compare Pure Gold Mining's revenue growth to the Canada market average as no estimate data is available.
Unable to determine if Pure Gold Mining is high growth as no earnings estimate data is available.
Unable to determine if Pure Gold Mining is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Pure Gold Mining's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Metals and Mining
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
Pure Gold Mining
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Pure Gold Mining's finances.
The net worth of a company is the difference between its assets and liabilities.
Pure Gold Mining is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Pure Gold Mining's cash and other short term assets cover its long term commitments.
This treemap shows a more detailed breakdown of
Pure Gold Mining's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
Pure Gold Mining has no debt, it does not need to be covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. Darin Labrenz, P.Geo. has been the President and Chief Executive Officer of Pure Gold Mining Inc. (formerly Laurentian Goldfields, Ltd)., since February 15, 2011. Mr. Labrenz serves as the Chief Geologist of Terrane Metals Corp. He joined Terrane Metals in August 2006 and having experience in both exploration and mine geology. He is a registered professional geologist with over 19 years of experience in the mineral exploration industry He served as a Vice President of Business Development at Terrane Metals Corp. Prior to Terrane, He served at Placer Dome and at the North Mara Mine in Tanzania where he managed the exploration and mine geology departments as Chief Geologist. Mr. Labrenz had been with Placer Dome group and was responsible for the design and supervision of exploration programs, management of geological activities at both underground and open pit mining operations, as well as technical support and geological management of several feasibility studies and economic evaluations. He has been a Director of Pure Gold Mining Inc. (formerly Laurentian Goldfields, Ltd) since February 15, 2011. He served as Director of Exploration at Thompson Creek Metals Company Inc. Mr. Labrenz is a Qualified Person under NIÂ 43-101.
Darin's compensation has increased whilst company is loss making.
Darin's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure
Average tenure of the
Pure Gold Mining
management team in years:
The tenure for the Pure Gold Mining management team is about average.
Corporate Secretary & CFO
Vice President of Operations
Vice President of Exploration
Manager of Investor Relations
Board of Directors Tenure
Average tenure and age of the
Pure Gold Mining
board of directors in years:
The tenure for the Pure Gold Mining board of directors is about average.
Board of Directors
Chair of the Board
Who owns this company?
Recent Insider Trading
More shares have been bought than sold by Pure Gold Mining insiders in the past 3 months.
How Many Insiders Bought Pure Gold Mining Inc. (CVE:PGM) Shares?
So we'll take a look at whether insiders have been buying or selling shares in Pure Gold Mining Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … In any event it's generally a positive if insiders are buying shares at around the current price.
Pure Gold Mining Inc., an exploration stage company, engages in the acquisition, exploration, and development of gold, and other precious and base metal properties in Canada. It primarily holds a 100% interest in the Madsen Gold project comprising 257 mining claims that covers an area of approximately 4,600 hectares located in the prolific Red Lake gold camp of Northwestern Ontario. The company is headquartered in Vancouver, Canada.
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