News Bureau

Premier Gold production reaches 81,511 oz in Q4’16

Premier Gold Mines Reports 2016 Fourth Quarter production sees consolidated production of 81,511 ounces of gold and 98,401 ounces of silver. Consolidated Gold revenue of USD$102.0 million on sales of 82,188 ounces at an average realized price of USD$1,241 per ounce.

Consolidated co-product cash costs of USD$306 per ounce of gold sold & net income for the quarter of USD$20.4 million. Final gold production lower by 279 ounces and silver higher by 410 ounces than previously released on January 12, 2017 due to final year end reconciliation.

During the year 2016 Full Year Highlights claims that consolidated production 111,739 ounces of gold and 98,401 ounces of silver. Consolidated gold revenue of USD$112.5 million on sales of 90,263 ounces at an average realized price of USD$1,246.

2016 was Premier’s first year as a producer, with the fourth quarter being Premier’s first full quarter of production. Continued strong performance at South Arturo, and the addition of the Mercedes Mine during the fourth quarter, led to increased production and substantial cash flow for both the fourth quarter and the full year. 2016 gold production of 111,739 ounces exceeded the Company’s guidance of 100,000-110,000 ounces for the year.

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