Premier Gold Mines Turns to Q3 Loss; Reaffirms 2016 Production Guidance

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Premier Gold Mines Turns to Q3 Loss; Reaffirms 2016 Production Guidance

posted on Nov 14, 2016 09:20AM

2016-11-14 08:18:00 AM ET (MT Newswires)

08:18 AM EST, 11/14/2016 (MT Newswires) -- Premier Gold Mines (PG.TO) reported losses for Q3 ended Sept. 30while reiterating its production guidance for 2016.

Net loss was $5.1 million compared to last year's net income of $5.3 million. Revenues were $13.9 million.

The company still expects to produce 100,000 and 110,000 ounces of gold for 2016 at cash cost per ounce of US$451 and all-in sustaining cost per ounce of US$489.

The stock was down more than 5% on Friday, moving at the bottom half of 52-week range $2.12 - $5.05.