Premier Gold Mines: 2016 Highlights and 2017 Production and Cost Guidance

THUNDER BAY, ON, Jan. 12, 2017 /CNW/ – Premier Gold Mines Ltd. (TSX: PG) (“Premier”, “the Company”) is pleased to report its 2016 highlights along with 2017 production and cost guidance. All dollar figures are in United States dollars unless otherwise indicated.

2016 Fourth Quarter Highlights:

  • Quarterly gold production of 81,790 ounces and silver production of 97,991 ounces

2016 Full-Year Highlights:

  • Gold production of 112,018 ounces
  • Surpassed gold production guidance of 100,000-110,000 ounces
  • No lost-time injuries
  • Achieved commercial production at the new South Arturo Mine in Carlin, Nevada
  • Acquired the Mercedes Mine in Sonora State, Mexico
  • Announced results from the Feasibility Study for the Hardrock deposit
  • Deep drilling of high-grade mineralization at McCoy-Cove in Nevada raises project to development status

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