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Premier Announces up to US$83 Million Project Development and Exploration Budget for 2018
Jan. 30, 2018 09:03AM PST
Gold InvestingPremier Gold Mines (“Premier” or “The Company”) (TSX:PG) is pleased to provide an update on exploration and development plans for 2018. The Company remains focused on realizing the potential of its current asset base, comprised of eight properties located in North America. Premier has approved a 2018 budget of US$38.8 million for exploration and development. An additional US$6.0 millionis to be …
Premier Gold Mines (“Premier” or “The Company”) (TSX:PG) is pleased to provide an update on exploration and development plans for 2018. The Company remains focused on realizing the potential of its current asset base, comprised of eight properties located in North America.
Premier has approved a 2018 budget of US$38.8 million for exploration and development. An additional US$6.0 millionis to be spent at the McCoy-Cove joint venture in Nevada, funded entirely by Barrick Gold, and based on certain milestones and objectives, up to US$37.9 million to be spent at the Greenstone Gold joint venture in Ontario, funded entirely by Centerra Gold. Premier has sufficient cash to meet all budgeted initiatives in 2018.
President & CEO Ewan Downie said:
“Premier remains focused on increasing future production by advancing multiple projects.
A substantial portion of this budget is allotted to exploration, a long-standing commitment of the Company that has resulted in several significant discoveries and a peer-best development pipeline.”