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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$335.36M which is a rise of roughly 9% over the last four months. As of 02/02/2019 they have ~C$75M debt and ~C$56.22M 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 $335.36M 02/02/2019 $28.27M
Total Assets: $380.93M $374.82M 02/02/2019 $-6.10M
Total Liabilities: $152.37M $149.93M 02/02/2019 $-2.44M
Current Assets: $137.13M $134.94M 02/02/2019 $-2.20M
Current Liabilities: $39.62M $38.98M 02/02/2019 $-0.63M
Total Debt: $76.19M $74.96M 02/02/2019 $-1.22M
Cash: $57.14M $56.22M 02/02/2019 $-0.92M
Enterprise Value: $326.14M $354.10M 03/22/1981 $27.96M
Cash Flow: $10.53M $12.04M never $1.51M
Cash Flow Multiple: 29.17 27.86 never -1.32
Net Debt to
Cash Flow Ratio:
1.81 1.56 never -0.25
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) 
8,144,332
02/02/2019 674,956
Initial CapEx (Outstanding): $200.00M
65.13% of Mkt.Cap
$200.00M
59.64% 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 22.50M
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 20.25M
Maximum Profit (Gold): $315.82M $361.18M n/a $45.36M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $315.82M $361.18M n/a $45.36M
Max Profit / Current MCap: 1.028 1.077 n/a 0.049
Max Profit Per Share (Gold): $1.36 $1.55 n/a $0.19
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.36 $1.55 n/a $0.19
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $113.74 $124.21 n/a $10.47
FD Mkt. Cap / Silver Eq.: $1.37 $1.37 n/a $0.00
FD Mkt. Cap / Per Metal
as % Spot Price:
8.64% 9.26% n/a 0.63%
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 48.75M
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 39.15M
Maximum Profit (Gold): $610.58M $698.28M n/a $87.70M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $610.58M $698.28M n/a $87.70M
Max Profit / Current MCap: 1.988 2.082 n/a 0.094
Max Profit Per Share (Gold): $2.62 $3.00 n/a $0.38
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.62 $3.00 n/a $0.38
Total Free Profit Per Share: $0.89 $1.08 n/a $0.19
FD Mkt. Cap / Gold Eq.: $58.83 $64.25 n/a $5.42
FD Mkt. Cap / Silver Eq.: $0.71 $0.71 n/a $0.00
FD Mkt. Cap / Per Metal
as % Spot Price:
4.47% 4.79% n/a 0.32%

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 75.00M
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 50.96M
Maximum Profit (Gold): $794.81M $908.97M n/a $114.16M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $794.81M $908.97M n/a $114.16M
Max Profit / Current MCap: 2.588 2.710 n/a 0.122
Max Profit Per Share (Gold): $3.41 $3.90 n/a $0.49
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $3.41 $3.90 n/a $0.49
Total Free Profit Per Share: $1.68 $1.98 n/a $0.30
FD Mkt. Cap / Gold Eq.: $45.19 $49.35 n/a $4.16
FD Mkt. Cap / Silver Eq.: $0.54 $0.55 n/a $0.00
FD Mkt. Cap / Per Metal
as % Spot Price:
3.43% 3.68% n/a 0.25%

Future Valuation (Cash Flow & Totals)

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