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Premier Gold boasts strong Q4 results at both mines

Vladimir Basov

Kitco News

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(Kitco News) - Premier Gold Mines (TSX:PG) today announced its fourth-quarter and full-year production results for 2020.

The company said that it had produced 16,084 ounces of gold and 66,482 ounces of silver in Q4 2020; full-year production was 58,443 ounces of gold and 170,457 ounces of silver.

Premier Gold added that annual production from the El Nino mine at South Arturo exceeded budget by more than 30%.

“Solid production from the Mercedes mine, as a result of the modified mine plan developed during the COVID‑19 related care and maintenance period in the second quarter, highlighted strong overall performance in the quarter,” said the company in a statement.

Premier Gold noted that production from the El Nino deposit at South Arturo continued to perform very well in the fourth quarter, leading to 2020 production significantly above the original annual budget.

Premier is a gold producer and successful exploration and development company with a high-quality portfolio of precious metals projects in proven, accessible and safe mining jurisdictions in Canada, the United States and Mexico.

By Vladimir Basov

For Kitco News

Contact vbasov@kitco.com
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