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Category: Mid-tier Producer
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Premier Gold Mines Ltd.
www: www.premiergoldmines.com     email: info@premiergoldmines.com

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Notes
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Your Data

Symbol Data

Symbol Currency
OTCMKTS:PIRGF USD
TSE:PG CAD

Description

Premier Gold Mines Ltd. are a gold focused mid-tier producer with one producing mine in Mexico, one mine in development in USA and exploration properties. Currently they produce roughly 100koz. of gold per year. They have approximately 9.6Moz. of gold in the reserves and resources category of which 5.9Moz. are in the measured and indicated category. They have a market capitalisation of ~C$251.93M which is a fall of roughly 50% over the last seven months. As of 05/13/2018 they have ~C$41M debt and ~C$77.92M cash. They have 202M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 05/13/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $502.17M $251.93M 05/13/2018 $-250.24M
Total Assets: $389.59M $389.59M 05/13/2018 $0.00M
Total Liabilities: $116.88M $116.88M 05/13/2018 $0.00M
Current Assets: $140.25M $140.25M 05/13/2018 $0.00M
Current Liabilities: $56.10M $56.10M 05/13/2018 $0.00M
Total Debt: $40.52M $40.52M 05/13/2018 $0.00M
Cash: $77.92M $77.92M 05/13/2018 $0.00M
Enterprise Value: $464.77M $214.53M 10/18/1976 $-250.24M
Cash Flow: $18.74M $13.17M never $-5.57M
Cash Flow Multiple: 26.80 19.13 never -7.66
Net Debt to
Cash Flow Ratio:
n/a n/a never 0.00
Finance within 1 year: 05/13/2018 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 05/13/2018 0.00%
Misc 05/13/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 202,000,000 202,000,000 05/13/2018 0
Shares (FD): 217,000,000 217,000,000 05/13/2018 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 05/13/2018 n/a
Production (Gold Eq Oz.): (guess) 
100,000
(guess) 
100,000
05/13/2018 0
Production (Silver Eq Oz.): (guess) 
7,928,400
(guess) 
8,515,131
05/13/2018 586,731
Initial CapEx (Outstanding): $200.00M
39.83% of Mkt.Cap
$200.00M
79.39% of Mkt.Cap
05/13/2018 $0.00M
Funding Option: n/a n/a 05/13/2018 n/a
Documentation: none PRODUCER 11/20/2018 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 05/13/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 2.80M 2.80M 05/13/2018 0.00M
Measured & Indicated: 5.90M 5.90M 05/13/2018 0.00M
Inferred: 3.70M 3.70M 05/13/2018 0.00M
Reserves & Resources: 9.60M 9.60M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 2.52M 2.52M 05/13/2018 0.00M
Measured & Indicated: 4.75M 4.75M 05/13/2018 0.00M
Inferred: 1.67M 1.67M 05/13/2018 0.00M
Reserves & Resources: 6.42M 6.42M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
100,000oz.
(guess) 
100,000oz.
05/13/2018 0oz.
Cash Cost: $700 $700 05/13/2018 $0.00
Extra Operating Cost: $350 $350 05/13/2018 $0.00
Average Grade: 3.00 g/t 3.00 g/t 05/13/2018 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 11/20/2018 0.00%
F
U
T
U
R
E
Proven & Probable: 6.00M 6.00M 05/13/2018 0.00M
Annual Production: 300,000oz. 300,000oz. 05/13/2018 0oz.
Cash Cost: $750 $750 05/13/2018 $0
Extra Operating Cost: $350 $350 05/13/2018 $0
SILVER 05/13/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 05/13/2018 0.00M
Measured & Indicated: n/a n/a 05/13/2018 0.00M
Inferred: n/a n/a 05/13/2018 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 05/13/2018 0.00M
Measured & Indicated: n/a n/a 05/13/2018 0.00M
Inferred: n/a n/a 05/13/2018 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 05/13/2018 $0.00
Extra Operating Cost: n/a n/a 05/13/2018 $0.00
Average Grade: n/a n/a 05/13/2018 n/a
Recovery Rate: n/a n/a 05/13/2018 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 05/13/2018 0.00M
Annual Production: n/a n/a 05/13/2018 n/a
Cash Cost: n/a n/a 05/13/2018 n/a
Extra Operating Cost: n/a n/a 05/13/2018 n/a

Property

Last Analysis Data  (05/13/2018)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Production Mexico, Mexico Mercedes 100% (guess) n/a Underground show
Acquired from Yamana Gold.

800,000 deposit.

90,000 oz of production expected in 2017.
Development Nevada, USA South Arturo 40% (guess) n/a Open Pit show
Production in 2016.

JV with Goldcorp.
Exploration Ontario, Canada Brookbank 100% n/a n/a show
Part of the Trans-Canada deposits.
Exploration Balmertown, Canada East Bay 35% n/a n/a n/a
Exploration Ontario, Canada Hardrock 50% n/a Both show
Largest deposit (6 million oz) of the Trans-Canada deposits. PEA due in 2014.

50% JV with Centerra.
Exploration Red Lake, Canada Newman-Madsen 50% n/a n/a n/a
Exploration Mccomber Township, Canada Northern Empire 100% n/a n/a n/a
Exploration Ontario, Canada PQ North 100% n/a n/a n/a
Exploration Red Lake, Canada Rahill-Bonanza 44% n/a n/a n/a
Exploration Red Lake, Canada Redgold 0% n/a n/a n/a
Exploration Ensenada, Mexico Santa Teresa 0% n/a n/a n/a
Exploration Nevada, USA Cove-McCoy 100% 12,000 Both show
Still early exploration. But a discovery next to a large open pit.

Two past producing open pits. High grade.

300,000 oz and likely to grow in size.
Total Land Package Size (ha): 12,000  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Production Mexico, Mexico Mercedes 100% (guess) n/a Underground show
Acquired from Yamana Gold.

800,000 deposit.

90,000 oz of production expected in 2017.
Development Nevada, USA South Arturo 40% (guess) n/a Open Pit show
Production in 2016.

JV with Goldcorp.
Exploration Ontario, Canada Brookbank 100% n/a n/a show
Part of the Trans-Canada deposits.
Exploration Balmertown, Canada East Bay 35% n/a n/a n/a
Exploration Ontario, Canada Hardrock 50% n/a Both show
Largest deposit (6 million oz) of the Trans-Canada deposits. PEA due in 2014.

50% JV with Centerra.
Exploration Red Lake, Canada Newman-Madsen 50% n/a n/a n/a
Exploration Mccomber Township, Canada Northern Empire 100% n/a n/a n/a
Exploration Ontario, Canada PQ North 100% n/a n/a n/a
Exploration Red Lake, Canada Rahill-Bonanza 44% n/a n/a n/a
Exploration Red Lake, Canada Redgold 0% n/a n/a n/a
Exploration Ensenada, Mexico Santa Teresa 0% n/a n/a n/a
Exploration Nevada, USA Cove-McCoy 100% 12,000 Both show
Still early exploration. But a discovery next to a large open pit.

Two past producing open pits. High grade.

300,000 oz and likely to grow in size.
Total Land Package Size (ha): 12,000  

Profitability (by resource)

Proven &
Probable
05/13/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 2.80M 2.80M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 16.43M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 2.52M 2.52M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 14.79M
Maximum Profit (Gold): $472.22M $331.81M n/a $-140.41M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $472.22M $331.81M n/a $-140.41M
Max Profit / Current MCap: 0.940 1.317 n/a 0.377
Max Profit Per Share (Gold): $2.18 $1.53 n/a $-0.65
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.18 $1.53 n/a $-0.65
Total Free Profit Per Share: $0.00 $0.04 n/a $0.04
FD Mkt. Cap / Gold Eq.: $199.28 $99.97 n/a $-99.30
FD Mkt. Cap / Silver Eq.: $2.51 $1.17 n/a $-1.34
FD Mkt. Cap / Per Metal
as % Spot Price:
15.12% 8.07% n/a -7.05%
Measured &
Indicated
05/13/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 5.90M 5.90M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 34.62M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 4.75M 4.75M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 27.88M
Maximum Profit (Gold): $890.48M $625.70M n/a $-264.78M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $890.48M $625.70M n/a $-264.78M
Max Profit / Current MCap: 1.773 2.484 n/a 0.710
Max Profit Per Share (Gold): $4.10 $2.88 n/a $-1.22
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $4.10 $2.88 n/a $-1.22
Total Free Profit Per Share: $1.13 $1.39 n/a $0.26
FD Mkt. Cap / Gold Eq.: $105.68 $53.02 n/a $-52.66
FD Mkt. Cap / Silver Eq.: $1.33 $0.62 n/a $-0.71
FD Mkt. Cap / Per Metal
as % Spot Price:
8.02% 4.28% n/a -3.74%

Reserves &
Resources
05/13/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 9.60M 9.60M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 56.33M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 6.42M 6.42M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 37.65M
Maximum Profit (Gold): $1,202.48M $844.93M n/a $-357.56M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,202.48M $844.93M n/a $-357.56M
Max Profit / Current MCap: 2.395 3.354 n/a 0.959
Max Profit Per Share (Gold): $5.54 $3.89 n/a $-1.65
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $5.54 $3.89 n/a $-1.65
Total Free Profit Per Share: $2.57 $2.40 n/a $-0.17
FD Mkt. Cap / Gold Eq.: $78.26 $39.26 n/a $-39.00
FD Mkt. Cap / Silver Eq.: $0.99 $0.46 n/a $-0.53
FD Mkt. Cap / Per Metal
as % Spot Price:
5.94% 3.17% n/a -2.77%

Future Valuation (Cash Flow & Totals)

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