Pure Gold Mining, Inc. :PGM-CA: Earnings Analysis: Q3, 2017 By the Numbers

Pure Gold Mining, Inc. reports financial results for the quarter ended December 31, 2016.

Analysis

  • Summary numbers: Revenues of CAD 0 million, Net Earnings of CAD -6.91 million.
  • The company did not record any revenues for the last twelve months making the comparison of net margin versus asset turnover meaningless.
  • PGM-CA‘s earnings and EBITDA are both negative which suggest that P/E or Price/EBITDA are not meaningful to make this analysis between operating advantage (ROE) and growth expectations (as suggested by P/E or P/EBITDA).
  • Cash and Cash equivalents were up this period to 13.81 million compared to 7.30 million in the same period last year.
  • We consider the company to have a Quick & Able profile as it currently does not have any debt. In comparison, the median level of debt as percent of enterprise value for its peer group is currently 0%.
  • Of the 9 chosen peers for the company, only 4 of the stocks have an outstanding debt balance (including PG-CA, BGM-CA, TYP-CA and TOE-CA). Companies with no debt include EMX-CA, MOZ-CA, KG-CA, GTB-CA and PEX-CA.
  • Net income of -6.91 million this period compared to a net income of -7.33 million last period. This is a growth of 5.72% over the previous period. In comparison, the peer group grew at -28.45%

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Company Profile

Pure Gold Mining, Inc. engages in the acquisition, exploration and development of mineral resource properties. It engages in Madsen Gold project, which is located in Red Lake, Ontario. The company was founded on November 14, 2005 and is headquartered in Vancouver, Canada.

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