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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 90koz. of gold per year. They have approximately 10Moz. of gold in the reserves and resources category of which 6.5Moz. are in the measured and indicated category. They have a market capitalisation of ~C$311.73M which is a rise of roughly 2% over the last four months. As of 02/02/2019 they have ~C$74M debt and ~C$55.75M cash. They have 220M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 02/02/2019
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $307.10M $311.73M 02/02/2019 $4.63M
Total Assets: $380.93M $371.64M 02/02/2019 $-9.29M
Total Liabilities: $152.37M $148.65M 02/02/2019 $-3.72M
Current Assets: $137.13M $133.79M 02/02/2019 $-3.34M
Current Liabilities: $39.62M $38.65M 02/02/2019 $-0.97M
Total Debt: $76.19M $74.33M 02/02/2019 $-1.86M
Cash: $57.14M $55.75M 02/02/2019 $-1.39M
Enterprise Value: $326.14M $330.31M 06/19/1980 $4.17M
Cash Flow: $10.53M $8.47M never $-2.05M
Cash Flow Multiple: 29.17 36.79 never 7.62
Net Debt to
Cash Flow Ratio:
1.81 2.19 never 0.38
Finance within 1 year: 02/02/2019 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 02/02/2019 0.00%
Misc 02/02/2019
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 220,000,000 220,000,000 02/02/2019 0
Shares (FD): 233,000,000 233,000,000 02/02/2019 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 02/02/2019 n/a
Production (Gold Eq Oz.): (guess) 
90,000
(guess) 
90,000
02/02/2019 0
Production (Silver Eq Oz.): (guess) 
7,469,376
(guess) 
7,956,297
02/02/2019 486,921
Initial CapEx (Outstanding): $200.00M
65.13% of Mkt.Cap
$200.00M
64.16% of Mkt.Cap
02/02/2019 $0.00M
Funding Option: n/a n/a 02/02/2019 n/a
Documentation: none PRODUCER 05/04/2019 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 02/02/2019
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 3.00M 3.00M 02/02/2019 0.00M
Measured & Indicated: 6.50M 6.50M 02/02/2019 0.00M
Inferred: 3.50M 3.50M 02/02/2019 0.00M
Reserves & Resources: 10.00M 10.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 2.70M 2.70M 02/02/2019 0.00M
Measured & Indicated: 5.22M 5.22M 02/02/2019 0.00M
Inferred: 1.58M 1.58M 02/02/2019 0.00M
Reserves & Resources: 6.80M 6.80M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
90,000oz.
(guess) 
90,000oz.
02/02/2019 0oz.
Cash Cost: $800 $800 02/02/2019 $0.00
Extra Operating Cost: $350 $350 02/02/2019 $0.00
Average Grade: 1.50 g/t 1.50 g/t 02/02/2019 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 05/04/2019 0.00%
F
U
T
U
R
E
Proven & Probable: 7.00M 7.00M 02/02/2019 0.00M
Annual Production: 300,000oz. 300,000oz. 02/02/2019 0oz.
Cash Cost: $800 $800 02/02/2019 $0
Extra Operating Cost: $400 $400 02/02/2019 $0
SILVER 02/02/2019
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 02/02/2019 0.00M
Measured & Indicated: n/a n/a 02/02/2019 0.00M
Inferred: n/a n/a 02/02/2019 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 02/02/2019 0.00M
Measured & Indicated: n/a n/a 02/02/2019 0.00M
Inferred: n/a n/a 02/02/2019 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 02/02/2019 $0.00
Extra Operating Cost: n/a n/a 02/02/2019 $0.00
Average Grade: n/a n/a 02/02/2019 n/a
Recovery Rate: n/a n/a 02/02/2019 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 02/02/2019 0.00M
Annual Production: n/a n/a 02/02/2019 n/a
Cash Cost: n/a n/a 02/02/2019 n/a
Extra Operating Cost: n/a n/a 02/02/2019 n/a

Property

Last Analysis Data  (02/02/2019)
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
02/02/2019
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.): 3.00M 3.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 16.23M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 2.70M 2.70M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 14.61M
Maximum Profit (Gold): $315.82M $254.21M n/a $-61.61M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $315.82M $254.21M n/a $-61.61M
Max Profit / Current MCap: 1.028 0.815 n/a -0.213
Max Profit Per Share (Gold): $1.36 $1.09 n/a $-0.26
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.36 $1.09 n/a $-0.26
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $113.74 $115.45 n/a $1.72
FD Mkt. Cap / Silver Eq.: $1.37 $1.31 n/a $-0.06
FD Mkt. Cap / Per Metal
as % Spot Price:
8.64% 8.99% n/a 0.35%
Measured &
Indicated
02/02/2019
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.): 6.50M 6.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 35.17M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 5.22M 5.22M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 28.24M
Maximum Profit (Gold): $610.58M $491.46M n/a $-119.12M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $610.58M $491.46M n/a $-119.12M
Max Profit / Current MCap: 1.988 1.577 n/a -0.412
Max Profit Per Share (Gold): $2.62 $2.11 n/a $-0.51
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.62 $2.11 n/a $-0.51
Total Free Profit Per Share: $0.89 $0.31 n/a $-0.58
FD Mkt. Cap / Gold Eq.: $58.83 $59.72 n/a $0.89
FD Mkt. Cap / Silver Eq.: $0.71 $0.68 n/a $-0.03
FD Mkt. Cap / Per Metal
as % Spot Price:
4.47% 4.65% n/a 0.18%

Reserves &
Resources
02/02/2019
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.): 10.00M 10.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 54.10M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 6.80M 6.80M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 36.76M
Maximum Profit (Gold): $794.81M $639.75M n/a $-155.06M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $794.81M $639.75M n/a $-155.06M
Max Profit / Current MCap: 2.588 2.052 n/a -0.536
Max Profit Per Share (Gold): $3.41 $2.75 n/a $-0.67
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $3.41 $2.75 n/a $-0.67
Total Free Profit Per Share: $1.68 $0.95 n/a $-0.74
FD Mkt. Cap / Gold Eq.: $45.19 $45.88 n/a $0.68
FD Mkt. Cap / Silver Eq.: $0.54 $0.52 n/a $-0.03
FD Mkt. Cap / Per Metal
as % Spot Price:
3.43% 3.57% n/a 0.14%

Future Valuation (Cash Flow & Totals)

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