Day: August 5, 2020

“The global COVID-19 pandemic had a significant impact on Q2 results, with all our Latin American operations placed in care and maintenance mode for periods of time during the quarter. Except for our two polymetallic underground mines in Peru, all operations are now back in production under comprehensive health and safety protocols,” said Michael Steinmann, President and Chief Executive Officer.

The Company intends to use the net proceeds from the Offering for exploration, development and general corporate purposes.

In connection with the name change and rebranding to Gold79, the Company has launched a new website accessible at www.gold79mines.com.

The Company will advise the market of the record date(s) and expected payment date(s) for the Share Division and the BDR Division, as well as other key dates and details in connection with same, in due course.

“We are exploring the attractiveness of creating two companies that would benefit from streamlined property portfolios and a simplified domestic investment thesis”, stated Ewan Downie, President and CEO of Premier.

Jody Kuzenko, President & CEO of Torex, stated: “While this quarter was far from business as usual, we delivered solid operational performance and demonstrated the financial strength of our business even in these most challenging times. Despite the mandated suspension of our operations due to COVID-19, we produced 59,500 ounces of gold, delivered $49.3 million in adjusted EBITDA and $28.1 million in operating cash flow (prior to non-cash working capital).”