Day: August 10, 2020

Ewan Downie, President & CEO of Premier, commented: “We are very excited to add the Getchell Project to our already strong base of Nevada assets. The property has a long track record of successful gold production and we believe that the open pit and underground gold historical resources at Getchell were amongst the highest-grade in North America based on historical work completed on the property and the property will form an integral part of our US-based activities.”

Morgan Good, Chief Executive Officer of Carlyle, commented: “We are extremely thrilled to form this strategic partnership with Robert Dickinson and The Hunter Dickinson Group. HDI is a world-class organization with numerous major discoveries and significant mining success for more than 30 years.”

“During this operational downtime, we made adjustments in all areas, including milling and underground, which are helping improve our tonnage throughput at both mines as operations resumed. Consolidated production is now on track to return to Q1 2020 levels. With improved metals prices, most particularly silver, and production ramping up towards historic levels with improved efficiencies we are optimistic about our Q3 2020 results.”

The proceeds from the private placement will be used for exploration of the El Mezquite and Pino De Plata projects and general working capital.