The proceeds of the Placement will be used entirely to fund drill programs on the Company’s high-grade silver-gold exploration projects in Mexico.
“Selling our Continental stake into a strong bid allowed us to generate $260 million in cash that will support our disciplined approach to capital allocation, including strengthening our investment grade balance sheet, investing in our highest returning projects, and returning excess cash to our shareholders,” said Tom Palmer, President and Chief Executive Officer.
“Q4 was the first full quarter of production at South Arturo following the successful construction of the El Nino underground mine”, stated Ewan Downie, President & CEO. “Its addition is expected to contribute positively to Premier’s 2020 operating results”.
The administrative and legal proceedings initiated by the Company against the DGM in 2018 to remove reference to the royalty on the title register, are progressing in accordance with the procedures of the Mexican Administrative Court.
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