Operations to be Restarted at Mercedes
Elemental Royalties Limited, (“Elemental”), a private company expanding a diversified portfolio of mineral royalties, is pleased to comment on the recent announcement by Premier Gold Mines Limited (“Premier”). 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.
Elemental notes Premire will begin a phased restart of operations beginning June 1, 2020. This restart follows the Mexican Health Ministry’s decree on May 13, 2020 that amends the March 30, 2020 decree to include mining as an essential service effective June 1, 2020. The Mercedes mine was placed on care and maintenance on April 1, 2020 in response to the Mexican federal government’s mandate that all non-essential businesses temporarily suspend operations. This phased ramp-up of operations is expected to take 6 to 8 weeks and will ensure all required sanitation measures mandated by the government are met.
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-to-restart-safe-operat|
|Download PDF: https://www.premiergoldmines.com/upload/documents/press-releases/2020/may-20-2020-pr-mercedes-restart.pdf|
About Elemental Royalties Limited
Elemental provides 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 six royalties over seven commodities in five countries, five of which cover producing mines. Immediate cash-flow has enabled Elemental 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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