News Bureau

Premier announces solid Q1

Production results with 50,979 oz of Gold

Premier Gold Mines Limited first quarter production results for 2017 that underscore a continuation of strong performance being realized from the Company’s 40% ownership in the South Arturo Mine located in Carlin, Nevada and its 100% owned Mercedes Mine located in Mexico.

According to the operational highlights attributable, total gold production of 50,979 ounces registered in Q1 while total silver production remained of 88,572 ounces. Total gold Sales in Q1 remained of 51,593 ounces with average realized gold sale price of USD$1,224 per ounce.

These first quarter results demonstrate the Company’s focus on operating productivity and performance and reconfirm the 2017 production guidance of 125,000 to 135,000 ounces of gold and 325,000 to 350,000 ounces of silver.

“We are extremely pleased with the continued strong performance at both sites during the quarter, especially at Mercedes where we have recognized a seamless transition from the previous operators,” stated Ewan Downie, President and CEO of Premier.

What's your reaction? 0% 0% 0%