Loading ...Pure Gold management faces the music following ‘torturous’ Q2 report
Pure Gold Mining (TSXV: PGM; US-OTC: LRTNF) management was fielding uncomfortable questions from concerned shareholders during a conference call Tuesday following the company’s release of what investors termed a ‘tortuous’ second-quarter operations update and financial report.
While the company cited an expected “significant improvement in production” in the third quarter, it says it remains on track to complete an updated mine plan and prefeasibility study by year-end. However, the extreme focus on near-term production does little to ease shareholder apprehension over the asset’s muddled longer-term outlook.
Pure Gold management faces the music following ‘torturous’ Q2 report