Operations

Operations Overview

 

Premier is currently advancing a portfolio of eight projects including two operating mines, two advanced exploration/development stage projects and a pipeline of four exploration properties with the goal of building a long-term growth oriented company.

 

Operating mines include the South Arturo Gold Mine, a joint venture between Premier (40% ownership) and Barrick Gold Corporation’s wholly-owned subsidiary, Barrick Gold Exploration Inc. (“Barrick”) and the 100%-owned Mercedes Mine in Sonora, Mexico. Near-term advanced exploration/development projects include the 100%-owned Cove Project in the Battle Mountain Trend, Nevada and Greenstone Gold Mines, owned 50% by Premier and 50% by Centerra Gold located in Northwesten Ontario, Canada. In order to secure sustained and profitable future production, Premier recognizes the value of exploration as the most cost effective approach to replacing production and growing reserves and resources.  As such the Company constantly incubates new prospective projects in search for the next mine in its portfolio.

 


 

2019 Guidance (Mercedes Mine)

 

Production (ozs Au)

 

75,000 to 85,000

Cash Costs ($/oz Au)

 

730 to 780

AISC ($/oz Au)

 

900 to 950