Make Kitco Your Homepage

Premier Gets TSX Go-Ahead For Share Purchases

Kitco News

Editor's Note: Kitco readers, have your say! Check out our newest feature – KITCO CHAT! – where you can share your comments and ask questions directly to us.

Premier Gold Mines Ltd. (TSX: PG) has received approval from the Toronto Stock Exchange to purchase up to 19,599,646 of its outstanding common shares under a “normal course issuer bid.” The company says purchases may begin Tuesday and terminate on July 24, 2018, or earlier if the bid is complete. The number of shares under the purchase program represents 10% of the “public float,” Premier says. “The board of directors has determined that the bid is an effective use of the company's financial resources when its common shares trade at a significant discount to their underlying value,” Premier adds.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Precious Metal Charts

Follow Kitco News