Premier Gold Mines Provides 2019 Production Guidance
Elemental Royalties Limited, (“Elemental”), a private company expanding a diversified portfolio of mineral royalties, is pleased to comment on the recent announcement made by Premier Gold Mines Limited (“Premier”) of that company’s 2019 production guidance. Premier is the operator of the Mercedes gold-silver mine located in State of Sonora in northern Mexico, on which Elemental Royalties holds a 1% NSR royalty subject to a production hurdle.
Improvements made by Premier during Q2 2018 resulted in excellent Q4 production from Mercedes of 22,465 Oz Au. Following this Premier has today provided a production estimate of 75,000 – 85,000 Oz Au & 225,000 – 250,000 Oz Ag for 2019 at an AISC of US$900 – 950/Oz. This represents a meaningful increase in gold production over the 2018 value of 68,719 Oz Au, up between 9 – 23%.
The text above is Elemental Royalties’ comment to the operator’s news release and is not included within the original release. The original article is available using the links below.
|Original Article: https://www.premiergoldmines.com/premier-gold-provides-2019-pro|
|Download PDF: https://www.premiergoldmines.com/upload/documents/press-releases/2019/2019-02-28-guidance-final-pr.pdf|
About Elemental Royalties Limited
Elemental is a private company providing investors with exposure to a dividend-paying royalty company building a diverse portfolio of mining royalties, benefiting from ongoing royalty revenue, future exploration upside and low operating costs.
Since early 2017 Elemental has assembled a portfolio of five royalties over seven commodities in four countries, four of which cover producing mines. Immediate cash-flow has enabled the Company to limit dilutive fund-raisings to facilitate royalty acquisitions, and to pay a dividend from inception.
Elemental’s focus remains on securing royalties over advanced assets with established operators and credible counter-parties from a robust pipeline of potential royalty acquisitions across commodities and geographies.
For further information you are invited to visit the Company’s website www.elementalroyalties.com or contact:
|Elemental Royalties Limited|
|Frederick Bell: Managing Director||T: +44 (0) 203 434 633|
|M: +44 (0)755 487 2794|
|Greg Owen: Corporate Development Manager||T: +44 (0) 203 434 633|
|M: +44 (0)7887 554 316|
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