Guide pins of the mold eliminate the mold halves from becoming out of position with each other. Just as the name states guide pins help guide the back half to the front half or the front half to the back half. This will ensure the cavity and core fit back together without any damage each cycle.
We have channels (which make a circuit in and out) cut into the steel plates that will run either water or oil through the mold to help cool the part. These channels can be just a couple all the way to 20 or more different circuits.
Vents are cut running from the mold features outward. Vents exist so air can escape the mold as the plastic is being injected into the mold.
Ejector pins are made to run from the back of the mold to the front of the core side. These assist in the removal of the molded part. Ejector pins can also be vented to help air escape the mold as the plastic is being injected.

Molding basics.....