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Pure Gold Mining

TSXV:PGM
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PGM
TSXV
CA$146M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

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. More info.


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  • Pure Gold Mining has significant price volatility in the past 3 months.
PGM Share Price and Events
7 Day Returns
-1.7%
TSXV:PGM
-1.5%
CA Metals and Mining
0.9%
CA Market
1 Year Returns
-1.7%
TSXV:PGM
-7%
CA Metals and Mining
1.2%
CA Market
PGM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pure Gold Mining (PGM) -1.7% -14.9% -9.5% -1.7% 115.1% 78.1%
CA Metals and Mining -1.5% 1.3% 9.8% -7% 6.9% -22.5%
CA Market 0.9% 2.3% 12.4% 1.2% 16.1% 5.9%
1 Year Return vs Industry and Market
  • PGM outperformed the Metals and Mining industry which returned -7% over the past year.
  • PGM underperformed the Market in Canada which returned 1.2% over the past year.
Price Volatility
PGM
Industry
5yr Volatility vs Market

Value

 Is Pure Gold Mining undervalued based on future cash flows and its price relative to the stock market?

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 undervalued.
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 CA$0.57.
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 earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pure Gold Mining's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:PGM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.12
TSXV:PGM Share Price ** TSXV (2019-03-19) in CAD CA$0.57
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.44x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pure Gold Mining.

TSXV:PGM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:PGM Share Price ÷ EPS (both in CAD)

= 0.57 ÷ -0.12

-4.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pure Gold Mining is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Pure Gold Mining is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Pure Gold Mining's expected growth come at a high price?
Raw Data
TSXV:PGM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.69x
Canada Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.21x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Pure Gold Mining, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pure Gold Mining's assets?
Raw Data
TSXV:PGM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.09
TSXV:PGM Share Price * TSXV (2019-03-19) in CAD CA$0.57
Canada Metals and Mining Industry PB Ratio Median Figure of 1,079 Publicly-Listed Metals and Mining Companies 1.42x
Canada Market PB Ratio Median Figure of 2,347 Publicly-Listed Companies 1.56x
TSXV:PGM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:PGM Share Price ÷ Book Value per Share (both in CAD)

= 0.57 ÷ 0.09

6.28x

* Primary Listing of Pure Gold Mining.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pure Gold Mining is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Pure Gold Mining's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Pure Gold Mining has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Pure Gold Mining expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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 growth 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 it right!
Annual Growth Rate
33.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pure Gold Mining expected to grow at an attractive rate?
  • 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.
Annual Growth Rates Comparison
Raw Data
TSXV:PGM Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:PGM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:PGM Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 0 -19 1
2020-03-31 0 -19 1
2019-03-31 0 -28 1
TSXV:PGM Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 -31 -27
2018-06-30 -29 -26
2018-03-31 -28 -26
2017-12-31 -29 -26
2017-09-30 -28 -29
2017-06-30 -28 -29
2017-03-31 -26 -25
2016-12-31 -19 -18
2016-09-30 -13 -12
2016-06-30 -8 -6
2016-03-31 -5 -5
2015-12-31 -4 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • 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.
Raw Data
TSXV:PGM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Pure Gold Mining Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:PGM Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31
2020-03-31
2019-03-31
TSXV:PGM Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.12
2018-06-30 -0.12
2018-03-31 -0.13
2017-12-31 -0.14
2017-09-30 -0.16
2017-06-30 -0.17
2017-03-31 -0.15
2016-12-31 -0.13
2016-09-30 -0.09
2016-06-30 -0.05
2016-03-31 -0.04
2015-12-31 -0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Pure Gold Mining will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Pure Gold Mining's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Pure Gold Mining's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Pure Gold Mining's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Pure Gold Mining's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pure Gold Mining has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Pure Gold Mining performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Pure Gold Mining's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Pure Gold Mining does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Pure Gold Mining's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Pure Gold Mining's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Pure Gold Mining's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Pure Gold Mining Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:PGM Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -26.97 31.86
2018-06-30 -26.28 31.01
2018-03-31 -26.16 30.41
2017-12-31 -26.47 29.78
2017-09-30 -29.40 29.76
2017-06-30 -29.31 29.68
2017-03-31 -24.53 25.63
2016-12-31 -18.47 19.72
2016-09-30 -12.37 13.69
2016-06-30 -6.27 7.72
2016-03-31 -5.01 5.80
2015-12-31 -5.50 5.32
2015-09-30 -6.66 6.45
2015-06-30 -7.07 6.85
2015-03-31 -7.15 6.83
2014-12-31 -5.99 5.43
2014-09-30 -4.17 3.66
2014-06-30 -2.61 2.18
2014-03-31 -1.10 0.81
2013-12-31 -1.09 0.57
2013-09-30 -1.29 0.59
2013-06-30 -1.36 0.65
2013-03-31 -1.66 0.91
2012-12-31 -0.90 0.60
2012-09-30 -1.16 1.03
2012-06-30 -1.68 1.53
2012-03-31 -3.48 3.34

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Pure Gold Mining has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Pure Gold Mining has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Pure Gold Mining improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Pure Gold Mining's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. 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.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Pure Gold Mining's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

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.
Net Worth
  • 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.
Balance sheet
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 checks below.
Assets
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.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, 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.
Raw Data

All data from Pure Gold Mining Company Filings, last reported 5 months ago.

TSXV:PGM Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 23.26 0.00 11.43
2018-06-30 31.06 0.00 19.59
2018-03-31 18.97 0.00 7.44
2017-12-31 25.87 0.00 14.88
2017-09-30 13.12 0.00 3.00
2017-06-30 20.31 0.00 9.42
2017-03-31 27.68 0.00 16.53
2016-12-31 25.04 0.00 13.79
2016-09-30 31.29 0.00 20.03
2016-06-30 22.06 0.00 9.87
2016-03-31 17.83 0.00 5.33
2015-12-31 18.72 0.00 7.30
2015-09-30 19.36 0.00 3.03
2015-06-30 20.53 0.00 3.95
2015-03-31 21.98 0.00 6.53
2014-12-31 19.57 0.00 2.42
2014-09-30 21.43 0.00 4.88
2014-06-30 21.50 0.00 7.81
2014-03-31 19.73 0.00 9.03
2013-12-31 0.42 0.00 0.22
2013-09-30 0.56 0.00 0.23
2013-06-30 0.64 0.00 0.34
2013-03-31 0.75 0.00 0.47
2012-12-31 0.79 0.00 0.30
2012-09-30 1.13 0.00 0.14
2012-06-30 1.29 0.00 0.27
2012-03-31 1.66 0.00 0.41
  • Pure Gold Mining has no debt.
  • Pure Gold Mining has not taken on any debt in the past 5 years.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Pure Gold Mining has less than a year of cash runway based on current free cash flow.
  • Pure Gold Mining has less than a year of cash runway if free cash flow continues to grow at historical rates of 52.1% each year.
X
Financial health checks
We assess Pure Gold Mining's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pure Gold Mining has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Pure Gold Mining's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Pure Gold Mining dividends.
If you bought CA$2,000 of Pure Gold Mining shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Pure Gold Mining's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Pure Gold Mining's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:PGM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSXV:PGM Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-03-31
2020-03-31
2019-03-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Pure Gold Mining has not reported any payouts.
  • Unable to verify if Pure Gold Mining's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Pure Gold Mining's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Pure Gold Mining has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Pure Gold Mining's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pure Gold Mining afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pure Gold Mining has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Pure Gold Mining's salary, the management and board of directors tenure and is there insider trading?

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.
CEO
Darin Labrenz
COMPENSATION CA$580,131
AGE 52
TENURE AS CEO 8.1 years
CEO Bio

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.

CEO Compensation
  • 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:

3.9
Average Tenure
  • The tenure for the Pure Gold Mining management team is about average.
Management Team

Darin Labrenz

TITLE
President
COMPENSATION
CA$580K
AGE
52
TENURE
8.1 yrs

Sean Tetzlaff

TITLE
Corporate Secretary & CFO
COMPENSATION
CA$405K
AGE
49
TENURE
4.8 yrs

Ken Donner

TITLE
Vice President of Operations
COMPENSATION
CA$413K
TENURE
2.5 yrs

Phil Smerchanski

TITLE
Vice President of Exploration
COMPENSATION
CA$422K
TENURE
2.9 yrs

Adam Buchanan

TITLE
Manager of Investor Relations
Board of Directors Tenure

Average tenure and age of the Pure Gold Mining board of directors in years:

5
Average Tenure
56.5
Average Age
  • The tenure for the Pure Gold Mining board of directors is about average.
Board of Directors

Dougald Currie

TITLE
Chair of the Board
COMPENSATION
CA$330K
AGE
59
TENURE
5 yrs

Darin Labrenz

TITLE
President
COMPENSATION
CA$580K
AGE
52
TENURE
8.1 yrs

Len Boggio

TITLE
Independent Director
COMPENSATION
CA$147K
AGE
63
TENURE
5 yrs

Rob Pease

TITLE
Independent Director
COMPENSATION
CA$137K
AGE
61
TENURE
4.8 yrs

Mark O'Dea

TITLE
Independent Director
COMPENSATION
CA$271K
AGE
50
TENURE
5 yrs

Troy Fierro

TITLE
Independent Director
COMPENSATION
CA$137K
AGE
54
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Pure Gold Mining insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
07. Mar 19 Buy Mark O'Dea Individual 07. Mar 19 07. Mar 19 100,000 CA$0.57 CA$57,000
21. Sep 18 Buy Mark O'Dea Individual 20. Sep 18 21. Sep 18 2,000 CA$0.54 CA$1,080
11. Sep 18 Buy Mark O'Dea Individual 11. Sep 18 11. Sep 18 23,000 CA$0.54 CA$12,420
10. Sep 18 Buy Mark O'Dea Individual 07. Sep 18 07. Sep 18 25,000 CA$0.55 CA$13,750
04. Sep 18 Buy Mark O'Dea Individual 04. Sep 18 04. Sep 18 50,000 CA$0.55 CA$27,250
30. Aug 18 Buy Mark O'Dea Individual 30. Aug 18 30. Aug 18 50,000 CA$0.55 CA$27,500
29. Aug 18 Buy Mark O'Dea Individual 29. Aug 18 29. Aug 18 50,000 CA$0.56 CA$28,000
27. Aug 18 Buy Sean Tetzlaff Individual 27. Aug 18 27. Aug 18 29,000 CA$0.58 CA$16,820
28. Jun 18 Buy Sean Tetzlaff Individual 28. Jun 18 28. Jun 18 60,000 CA$0.64 CA$38,400
28. Jun 18 Buy Mark O'Dea Individual 27. Jun 18 27. Jun 18 75,000 CA$0.64 CA$48,008
26. Jun 18 Buy Mark O'Dea Individual 26. Jun 18 26. Jun 18 75,000 CA$0.65 CA$48,503
25. Jun 18 Buy Mark O'Dea Individual 25. Jun 18 25. Jun 18 65,000 CA$0.65 CA$42,200
29. May 18 Buy AngloGold Ashanti Limited Company 24. May 18 24. May 18 12,800,000 CA$0.62 CA$7,936,002
24. Apr 18 Sell Philip Smerchanski Individual 19. Apr 18 19. Apr 18 -25,000 CA$0.66 CA$-16,500
X
Management checks
We assess Pure Gold Mining's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pure Gold Mining has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

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.

Simply Wall St -

Company Info

Description

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.

Details
Name: Pure Gold Mining Inc.
PGM
Exchange: TSXV
Founded:
CA$146,342,398
256,741,050
Website: http://www.puregoldmining.ca
Address: Pure Gold Mining Inc.
1055 West Hastings Street,
Suite 1900,
Vancouver,
British Columbia, V6E 2E9,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV PGM Common Shares TSX Venture Exchange CA CAD 16. May 2008
OTCPK LRTN.F Common Shares Pink Sheets LLC US USD 16. May 2008
DB L11A Common Shares Deutsche Boerse AG DE EUR 16. May 2008
Number of employees
Current staff
Staff numbers
9
Pure Gold Mining employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 00:09
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/03/15
Last earnings filing: 2018/11/15
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.