Premier Gold Mines (TSX: PG) expects two new mines will come online over the next 12 to 18 months in Nevada at its South Arturo project, a 40%-owned joint venture with Barrick Gold (TSX: ABX; NYSE: GOLD).
Production from South Arturo’s Phase 1 open pit is expected to start sometime in early- or mid-2020, while the El Nino underground mine — a down plunge extension of the joint-venture’s Phase 2 open pit that was mined in 2016-2017 — will ramp up late in the second half of 2019.
“We should see a continuous expansion of Premier’s production profile,” Ewan Downie, the company’s president and CEO, tells The Northern Miner. “We’re quite excited about the company we’re building … Hopefully, in the not-too-distant future, we’ll be generating sufficient cash flow to start giving it back to our shareholders.”
Continue reading at The Northern Miner.