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Last C$2.41 CAD
Change Today -0.01 / -0.41%
Volume 262.4K
PG On Other Exchanges
As of 4:00 PM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

premier gold mines ltd (PG) Snapshot

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07/10/14 - C$3.52
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12/16/14 - C$1.60
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premier gold mines ltd (PG) Details

Premier Gold Mines Limited, a mineral exploration company, explores for and develops gold deposits in Canada, the United States, and Mexico. The company holds a 50% interest in the Trans-Canada Property, which includes the Hardrock Project, the Brookbank project, and the Key Lake project in Ontario; a 49% interest in the Rahill-Bonanza Project located in Red Lake Mining Division, Ontario; and a 100% interest in the Cove Project located in Lander County, Nevada. It also owns a 100% interest in the Cove-McCoy gold property comprising 31,000 acres located along the Eureka-Battle Mountain Trend in Nevada. Premier Gold Mines Limited was incorporated in 2006 and is headquartered in Thunder Bay, Canada.

47 Employees
Last Reported Date: 03/31/15
Founded in 2006

premier gold mines ltd (PG) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$384.4K
Chief Financial Officer
Total Annual Compensation: C$220.0K
Executive Vice-President of Corporate & Proje...
Total Annual Compensation: C$210.0K
Compensation as of Fiscal Year 2014.

premier gold mines ltd (PG) Key Developments

Premier Gold Mines Limited Initiates Hasaga, Red Lake Exploration Program

Premier Gold Mines Limited announced that diamond drilling has begun on its 100% owned Hasaga Property at Red Lake, Ontario. Hasaga is strategically-located proximal to the Balmer–Confederation unconformity, recognized as an important geologic feature at the multi-million ounce past and currently-producing Red Lake area mines. Premier believes that the Hasaga and Gold Shore Mines, which ceased production in the early 1950's, have the potential to host shallow mineralization that may be amenable to open pit mining methods in addition to higher grade underground-style mineralization. The initial target in the program, being tested with some 25,000 meters of diamond drilling, will be the main porphyry rock unit that was mined at Hasaga and at the adjacent Howey Gold Mine. These mines produced in excess of 600,000 ounces of gold by underground mining methods. The Hasaga Red Lake Property is favourably located proximal to significant infrastructure, including nearby roads, power lines and gold mills.

Premier Enters into Agreement to Acquire Goldcorp's Interest in the South Arturo Mine Project in Nevada

Premier Gold Mines Limited announced that it has entered into an agreement to acquire Goldcorp Inc.'s 40% interest in the South Arturo Mine Project, located 8 kilometres northwest and along strike from Barrick Gold Corporation's Goldstrike Operations, within the Carlin Trend in Nevada. Premier has agreed to pay Goldcorp USD 20 million at closing and transfer to Goldcorp 5% of its interest in the Rahill-Bonanza Joint Venture in Red Lake, subject to Barrick not exercising its right of first refusal in respect of the Project and completion of definitive documentation. Concurrent with the acquisition, Goldcorp has agreed to complete a private placement with Premier in the amount of CAD 12.5 million, subject to Toronto Stock Exchange approval. In the event that Barrick exercises its right of first refusal in the Project, Goldcorp has agreed to pay Premier a break fee in the amount which is the greater of 5% of the purchase price paid by Barrick to Goldcorp as consideration for Goldcorp's 40% interest in the Project, and USD 1.1 million. The acquisition provides key benefits to Premier including: Reasonable gold purchase price for total resource ounces being acquired at South Arturo. The Phase 2 open pit mine project is fully-permitted and in construction. Project is operated by Barrick Gold, a highly professional and established operator in Nevada with substantial milling infrastructure. Upside could be realized through further exploration drilling for potential underground resources. Meets Premier's criteria of establishing an exploration and development project portfolio within world class districts and safe mining jurisdictions. The partnership model has been an important part of Premier's past and recent successes. The completion of the acquisition of Goldcorp's 40% interest in the South Arturo Project will bring Premier closer to its stated goal of building a North American-focused gold producer with a pipeline of development projects in several of the nation's major mining districts. Premier has not done sufficient work to classify the mineral resources and reserves noted above as current mineral resources and reserves. Premier is not treating such estimates as current mineral resources or reserves of Premier. Near surface open pit-style mineralization has been delineated in several areas and two deeper target areas have the potential to host higher-grade, underground-style, mineralization including East Dee and Northeast Button Hill. These areas will be core drilled in 2015 to further de-risk and test potential for additional mineralization. The mineralized material from South Arturo will be trucked primarily to Barrick's Goldstrike Mine for processing.

Premier Gold Mines Limited(TSX:PG) added to S&P/TSX Global Mining Index

Premier Gold Mines Limited(TSX:PG) added to S&P/TSX Global Mining Index


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