Premier Reports Third Quarter Production Results

https://www.premiergoldmines.com/news/press-releases/premier-reports-third-quarter-production-results

PREMIER GOLD MINES LIMITED (“Premier” or “The Company”) (TSX:PG) is pleased to announce preliminary third quarter production results from its two operating mines.

Q3 – 2017 Production Highlights include:

  • Gold production of 26,677 ounces
  • Silver production of 82,856 ounces
  • Gold Sales of 37,920 ounces at an average realized price of US$1,282 per ounce

Table 1 – Preliminary Sales and Production Results

MINE GOLD PRODUCED (ounces) SILVER PRODUCED (ounces)
Q3 2017 YTD 2017 Q3 2017 YTD 2017
Mercedes, Mexico 18,564 62,621 82,856 260,902
South Arturo, Nevada (PG) 8,113 52,652 0 0
Total Production 26,677 115,273 82,856 260,902
Gold Ounces Sold 37,920 132,727

“Solid operating performance at Mercedes and South Arturo during the third quarter should allow us to meet the upper end of our 2017 annual production guidance,” stated John Begeman, Executive Chairman of Premier. “Despite having already surpassed original production expectations, recent definition drilling at South Arturo indicates the potential to continue mining the Phase 2 open pit, and studies supporting further development, including the underground extension of the Phase 2 Pit (El Nino) and two additional open pits are ongoing.”

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