Premier Gold Mines Limited
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GOLD-SILVER: Hochschild to invest US$8M for initial stake in Riverside project
VANCOUVER – Riverside Resources has optioned its Los Cuarentas project, in Sonora, Mexico, to Hochschild Mining in a deal that will see the major spend U$8 million over five years to earn an initial 51% interest. The prospect generator has…
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PRECIOUS METALS: New royalty and streaming company Nomad starts trading
MONTREAL – Nomad Royalty, a new precious metals royalty and streaming company, will begin trading on the TSX on May 29, after completing a reverse takeover and acquiring the royalty portfolio of Yamana Gold and streaming assets from Orion Resource…
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Premier offers US$205M for Centerra’s stake in Greenstone Gold Mines
Premier Gold Mines is offering to purchase the remaining 50% interest it doesn’t already own in the Greenstone Gold Mines Partnership (GGM) from Centerra Gold for US$205 million. GGM’s principal asset is the Hardrock gold project (formerly known as the Trans-Canada property), in…
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MINING PEOPLE: Asanko, Compass Gold, Ivanhoe, Premier Gold Mines, Unigold
David Sidoo resigned as a director of Advantage Lithium; Sidoo was a founding shareholder of the company. Gordon Guiboche resigned as a director of Anglo-Bomarc Mines. John Lee Wong has been appointed the company’s president and to its board. Paul…
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GOLD: Premier increases financing to $38M
TORONTO – Premier Gold Mines has announced an overnight marketed offering of $38 million, increased from approximately $33 million previously. The offering, co-led by CIBC Capital Markets and Sprott Capital Partners, will involve the issue of 25.3 million shares at…
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GOLD: Premier, Centerra, First Nations ink final agreement for Hardrock project
ONTARIO – Greenstone Gold Mines – a 50:50 joint venture of Toronto’s Centerra Gold and Premier Gold Mines based in Thunder Bay, Ont. – and Aroland First Nation, Animbiigoo Zaagi’igan Anishinaabek, and Ginoogaming First Nation have signed a long term…
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GOLD: Premier and Nevada Gold Mines begin commercial production at El Nino
NEVADA – Commercial production at the El Nino gold mine in the Carlin Trend started ahead of schedule and on budget, Premier Gold Mines reports. Premier owns 40% of the underground mine and Nevada Gold Mines owns the remainder. Nevada Gold Mines…
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GOLD: Premier updates resources for Hardrock deposit
ONTARIO – Resources in the open pit planned for the Hardrock gold deposit near Geraldton have risen to 5.8 million oz., according to Premier Gold Mines of Thunder Bay, Ont. The deposit is part of the Greenstone project, a 50:50…
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GOLD: Premier pours first gold bar from El Nino mine
NEVADA – Premier Gold Mines announced that it has started processing ore from the El Niño mine located at the company’s 40%-owned South Arturo property in Nevada. South Arturo is in the Carlin Trend, approximately 40 km northwest of the…
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MINING PEOPLE: Josemaria, Filo Mining, Fission 3.0, NovoCarbon, Nubian, Premier Gold, and Roscan Gold
Josemaria Resources of Vancouver has named Adam Lundin its new president and CEO and Ron F. Hochstein to the board of directors. Former president and CEO Dr. Wojtek Wodzicki stepped down to focus his energies on being president and CEO…
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Premier Gold hits exploration hard at Mercedes mine
Premier Gold Mines (TSX: PG) is convinced it can add years to the mine life at its 2,000-tonne-per day Mercedes gold-silver mine in Mexico’s Sonora state. “We’ve got about a 4 to 5-year mine life based on current reserves, and that…
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ENVIRONMENT: Stantec secures approval for Greenstone’s Hardrock pit
ONTARIO – Greenstone Gold Mines’ Hardrock open pit gold project has passed an important regulatory phase. The environmental assessment (EA) was recently approved under the Ontario Environmental Assessment Act. This is the third provincial mining EA approved in Ontario’s history. With both…
