THUNDER BAY, ON, Sept. 25, 2019 /CNW/ - Premier Gold Mines
Limited ("Premier") (TSX:PG) (US:PIRGF) is pleased to
announce that it has sold a package of net smelter return ("NSR")
royalties to Franco-Nevada Corporation (TSX:FNV) (NYSE:FNV)
for total gross proceeds of US$6
million.
The package consists of a 2% NSR on the PQ North Property,
adjoining the Musselwhite Mine in Northwestern Ontario, and a 1.5% NSR on the
Rain/Emigrant and Saddle Properties located in Nevada.
Premier Gold Mines Limited is a gold-producer with a
respected exploration and development pipeline of high-quality
precious metal projects in proven, accessible and safe mining
jurisdictions in Canada,
the United States, and
Mexico. Premier remains focused on
creating a low-cost, mid-tier gold producer through its two
producing gold mines, South Arturo and Mercedes, as well as mine
development opportunities at McCoy-Cove in Nevada and Greenstone Gold in Ontario.
This Press Release contains certain information that may
constitute "forward-looking information" under applicable Canadian
securities legislation. Forward-looking information includes, but
is not limited to, statements about strategic plans, including
future operations, future work programs, capital expenditures,
discovery and production of minerals, price of gold and currency
exchange rates, timing of geological reports and corporate and
technical objectives. Forward-looking information is necessarily
based upon a number of assumptions that, while considered
reasonable, are subject to known and unknown risks, uncertainties,
and other factors which may cause the actual results and future
events to differ materially from those expressed or implied by such
forward-looking information, including the risks inherent to the
mining industry, adverse economic and market developments and the
risks identified in Premier's annual information form under the
heading "Risk Factors". There can be no assurance that such
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance
on forward-looking information. All forward-looking information
contained in this press release is given as of the date hereof and
is based upon the opinions and estimates of management and
information available to management as at the date hereof. Premier
disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
law.
SOURCE Premier Gold Mines Limited