Premier Sales of 20,642 Oz gold in Q2

By Increasing annual gold production guidance Premier Gold Mines Limited announces its second quarter (Q2) production results, including an increase in annual production guidance, and a continued solid and safe track record from the Company’s mining operations.

 

According to the report, during the Q2 2018 gold production remained of 16,007 ounces with silver production of 51,746 ounces. All together gold sales of 20,642 ounces during the quarter 2. First half gold production from South Arturo significantly exceeded annual production forecasts. The Company has therefore revised its full-year consolidated production guidance from 85,000 - 95,000 to 90,000 - 100,000 ounces of gold.

 

“The Company began to see the impact of Mercedes development initiatives late during the second quarter when production from Diluvio and Rey de Oro began to reach the mill.” stated John Begeman, Executive Chairman of Premier.   “It is expected that these two deposits will drive increased production and a stronger second half at Mercedes.  When also considering stronger than expected production from South Arturo, we have re-evaluated and ultimately revised 2018 gold production guidance”.

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