Premier Gold Mines Reports Third Quarter 2016 Results

http://www.kitco.com/pr/2115/article_11142016061201.pdf

PREMIER GOLD MINES LIMITED (TSX:PG) (“Premier”, “the Company”) is pleased to announce its operating results for the three months ended September 30, 2016 the first production quarter in the history of the Company. This release should be read in conjunction with the Company’s third quarter 2016 financial statements and MD&A report on the Company’s website, http://www.premiergoldmines.com, in the “Financials” section under “News and Insights”, or on the SEDAR website at http://www.sedar.com. Third Quarter 2016 Highlights  Mercedes Mine acquisition completed September 30, 2016  Commercial production at South Arturo achieved August 1, 2016 on time and under budget  Attributable Gold production at South Arturo of 30,228 ounces during the quarter  Average processed gold grade of ore from South Arturo pit of 0.259 Oz/t  Gold sales at South Arturo of 8,075 ounces during the quarter for proceeds of $13,912,088  Realized gold price of $1,723 (US$1,303)  Average Cash Costs of $477 (US$361) per ounce for South Arturo  Average AISC of $494 (US$374) per ounce for South Arturo  Closing cash balance at September 30, 2016 of $42,079,070  Precious metals inventory of $27,982,275  Mineralized material in stockpile of $24,473,108

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