Premier Gold Mines Limited (TSX:PG) (US:PIRGF) is pleased to announce that it has sold a package of net smelter return 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.
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We acknowledge the [financial] support of the Government of Canada.