South Arturo Mine Gold Production Meets Expectations

THUNDER BAY, ON - John Begeman, Executive Chairman of Premier Gold Mines said, "Overall gold production during the third quarter met expectations with additional ore being processed from stockpiles at the low-cost South Arturo mine.”  "In addition, development and construction commenced on the next two production phases at South Arturo; the Phase 1 open pit and the El Nino underground mine". The South Arturo Mine, a joint venture operated by Barrick Gold Corporation, has delivered exceptional results since achieving commercial production.  Processing of ore stockpiled from the Phase 2 open pit will continue in limited quantities during the fourth quarter and production in 2018 has already exceeded guidance for the year.

Future production opportunities are being advanced with two additional developments underway at the Property. Both the Phase 1 open pit and the El Nino underground mine are now under construction with production expected in the second half of 2019.