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.”