Premier: 1Q Gold Output On Track For 2017 Guidance
Premier Gold Mines Ltd. (TSX: PG) reports first-quarter output of 50,979 ounces of gold that its chief executive officer says leaves the company on track to meet 2017 guidance. The company has 40% ownership in the South Arturo Mine in Nevada and is 100% owner of the Mercedes Mine in Mexico. South Arturo is a joint venture between Premier and Barrick Gold Corp.’s subsidiary Barrick Gold Exploration Inc., achieving commercial production last Aug. 1. Premier’s guidance for 2017 is 125,000 to 135,000 ounces of gold and 325,000 to 350,000 silver ounces. “Numerous initiatives at Mercedes have resulted in increased throughput, particularly beginning late in the quarter, and production from South Arturo continues to surpass expectations. We are on track to meet the top end of our 2017 production guidance and remain focused on further operational initiatives to ensure long-term production from both mines,” says Ewan Downie, president and CEO of Premier, in a company blog.