Premier Gold Mines Provides 2018 Mineral Reserves & Resources
February 25, 2019
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 2018 Mineral Reserves & Resources. 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.
Premier has owned Mercedes since October 1st, 2016. Mineral reserves at the mine stood at some 404,000 Oz Au as at June 30, 2016. Since that date a total of 197,000 Oz Au have been produced at Mercedes, of which 174,000 Oz Au of production is attributable to Premier. Sustained exploration has resulted in Proven and Probable reserves being reduced by only 2.2% over 2.5 years of mining to some 395,000 Oz Au.
During 2019 Premier anticipates delineation drilling at Marianas to provide much of the resource to reserve conversion at Mercedes.
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.
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|
|T: +44 (0)203 983 7040|
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