Premier Gold Mines Reports Q4 2018 & 2018 Production Results
January 16, 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 Q4 2018 & 2018 full year production results. 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 is pleased to note the positive Q4 and full year production results for 2018 from Premier. The Mercedes mine delivered H2 2018 production consistent with Premier’s expectations and improvements implemented during Q2 resulted in Q4 being the best quarter of the year with production of 22,465 ounces of gold. Operations at Mercedes remain focused on cost reduction and developing new deposits to increase flexibility and productivity, with exploration and resource definition drilling continuing to be a priority. Surface and underground drilling programs are currently underway.
- Best quarterly gold production at Mercedes in 2018 with 22,465 ounces produced
- Mercedes silver production of 119,039 ounces in Q4
- Overall production for Mercedes in 2018 of 68,719 ounces of gold and 309,165 ounces of silver.
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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