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Red Lake Madsen Mine Ltd LRTNF

Metals & Mining Gold
Pure Gold Mining Inc is a gold mining company, located in the heart of Red Lake, Ontario, Canada. Its vision is pure and simple, to build a profitable, multi-generational growth company in the world-class gold mining district of Red Lake. With 100%-owned, fully constructed operating PureGold Mine, a multi-million-ounce gold endowment, and significant exploration upside, the company's value-maximizing strategy is to pursue operational excellence, while investing in systematic exploration and phased expansions to fuel discovery and growth for the future.


GREY:LRTNF - Post by User

Red Lake Madsen Mine Ltd > Looks like
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Comment by pennyflippingon Apr 11, 2022 3:50pm
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Post# 34594768

RE:Looks like

RE:Looks like I'm still impressed they managed to run this into the ground with gold at $1950. Guess it's true, mining companies will always find a way to produce gold at a loss. If gold is 2k,they will figure out a way to lose money and produce it at 3k. I thought it was a bit early in the cycle for management shenanigans, so I hope this isn't a taste of things to come sector wide....
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