Gold Production at Premier reached over 20K oz
The report of Premier Gold Mines for third quarter (Q3 – 2018) Production says, Mercedes Mine produced 17,465 ounces of gold; a 26% increase over Q2 2018, South Arturo produced 2,635 ounces of gold from Phase 2 stockpiles & total silver production of 89,512 ounces in Q3.
The increase in production from Mercedes quarter over quarter is consistent with the Company’s previous guidance, where production is weighted toward the second half of 2018. Production from South Arturo has exceeded annual guidance, benefitting from a decision to accelerate processing of the Phase 2 ore stockpile.
The Company remains on-track to meet its 2018 consolidated guidance of 90,000-100,000 ounces of gold owing to increased production from South Arturo and decreased production expected from Mercedes.
“Overall gold production during the third quarter met expectations with additional ore being processed from stockpiles at the low-cost South Arturo mine,” stated John Begeman, Executive Chairman of Premier. “In addition, development and construction commenced on the next two production phases at South Arturo; the Phase 1 open pit and the El Nino underground mine”.