by Ewan Downie
South Arturo is the first producing asset in Premier’s portfolio. It is gratifying to think how Premier has evolved since its inception as single asset exploration company with a joint venture in Red Lake, to having a pipeline of projects in various stages of exploration and development and now production. This growth is a testament to this Company’s management and employees’ dedication and hard work to execute a simple strategy and vision.
During the due diligence of South Arturo in the winter of 2015, we were impressed by the professionalism of the team at the Goldstrike operation and felt that this project would be a technically de-risked opportunity for Premier to transition into a gold producer. Fast forwarding to today, we are extremely pleased with Barrick’s ability to deliver this project on schedule and budget. Their performance to-date confirms their world-class miner status.This initial phase of mining is expected to contribute 155,000 ounces of gold to Premier’s account over the later portion of 2016 and 2017. The management team is heading to Nevada on August 23rd, in part to view the company’s first gold pour and to celebrate our 10th anniversary as a publicly-traded company. I am looking forward to attending this historic event.