Grand Opening Ceremony Of GJ Hub India Gems & Jewellery Show Bangalore - 2017

Over 22K oz of gold for Mercedes guidance

2017-07-07


Premier Gold Mines said: “Production costs at our mines, as measured by Cash Cost and All-in-Sustaining-Cost (AISC) metrics are among the best in the industry,” stated Ewan Downie in the Company’s c-suite blog. “Actively advancing our pipeline of exploration and development projects will sustain the growth trajectory we have firmly established since becoming a producer.”

Mercedes Mine, Sonora State, Mexico reported solid first quarter production of 22,164 ounces of gold and 88,572 ounces of silver and remains on track with 2017 guidance. Mining at the Company’s 40%-owned South Arturo Mine resulted in a solid first quarter with production of 28,815 ounces of gold. The mine remains on track to meet 2017 guidance.

At the Greenstone Gold Property work continues to advance the project toward submission of Federal and Provincial EA & EIS documentation required for the receipt of permits. It is expected that the EA and EIS documents will be submitted in early Q3-2017. Additionally, the Partnership continues to support the advancement of Long Term Relationship Agreements with local Aboriginal communities and optimize the mine plan.