LRTNF - Pure Gold Mining's Share Price Falls As The Feasibility Study Contains A Negative Surprise
Pure Gold Mining (LRTNF) released the results of the feasibility study for its 100%-owned Madsen Project. Although the project is still very attractive, some of the numbers, especially the slightly increased AISC and significantly increased initial CAPEX, caused a disappointment. The market responded by sending Pure Gold's share price down by 15%. The majority of gains recorded since the beginning of this year was erased in a single trading day.
Data by YChartsWhen comparing the feasibility study and the 2017 PEA, several differences can be seen (table below). The projected mine life has