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Premier pours first gold bar from El Niño mine

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NYBob Member Level  Monday, 09/30/19 10:56:55 AM
Re: mick post# 415
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Premier pours first gold bar from El Niño mine
MINING.COM Staff Writer | September 30, 2019 | 6:20 am USA Gold
Premier pours first gold bar from El Niño mine
The El Niño mine is located at the company’s 40%-owned South Arturo property in Nevada. (Image courtesy of Premier Gold Mines).
Premier Gold Mines (TSX:PG) announced that it has started processing ore from the El Niño mine located at the company’s 40%-owned South Arturo property in Nevada.





South Arturo is in the Carlin Trend, approximately 25 miles northwest of the town of Carlin, and is a joint venture between Premier and Nevada Gold Mines, a joint venture company owned by Barrick Gold (TSX:ABX) and Newmont-Goldcorp (NYSE:NEM) with Barrick as operator.

El Niño, on the other hand, is a high-grade underground deposit situated down plunge of the Phase 2 pit, where mining was concluded in 2017.

Premier suggested that since ore is being processed ahead of schedule and considering that a first gold bar was poured on September 26, 2019, production at El Niño is expected to ramp up before the end of H2-2019.

“Premier attributable gold production is estimated to meet the high end of guidance for the year and the company expects that, owing to the high-grade ore at El Niño, South Arturo will have a positive effect on cash flow,” the Thunder Bay-based company said in a media statement.

South Arturo’s pre-commercial production estimate for 2019 has been calculated between 5,000 and 10,000 ounces of gold.

https://www.mining.com/premier-pours-first-gold-bar-from-el-nino-mine/


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