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Premier Gold Mines Ltd.

TICKER: PG:TSX

Premier Gold Mines Ltd. is a North America-focused exploration and development company with multiple gold projects located in the heart of proven mining districts, including Ontario. The company is ramping up its acquisition efforts in the U.S., starting with a key project in Nevada's Carlin Trend. Its business model is designed to shorten the pathway to exploration success, while reducing shareholders' exposure to risk by focusing on: Proven mining districts, accessible regions, high-grade deposits and safe jurisdictions.


The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Comments:

Eric Lemieux, Laurentian Bank Securities (3/26/14) "Premier Gold Mines Ltd. announced a drill program update on the Hardrock property. . .high-grade intercepts include 25m at 18.54 g/t Au, 6m at 15.13 g/t Au and 7m at 12.4 g/t Au as well as broad intercepts of 27m at 2.9 g/t Au and 35.8m at 1.56 g/t Au. . .we maintain our modeled 2.98 Moz Au mineable deposit for Hardrock."

Rob Chang, Cantor Fitzgerald (3/26/14) "Drilling at Premier Gold Mines Ltd.'s Hardrock continues to demonstrate strong continuity within the open-pit resource and suggests the possibility of higher-grade mineralization within several lenses including the recently identified North Wall zone. We believe these drill results will have a positive impact on the upcoming revised resource estimate and may improve its average grade."

The Gold Report Interview with Jeff Killeen (3/26/14) "In the junior nonproducer space, my top picks include Premier Gold Mines Ltd. It has assets with higher grades, is sufficiently financed to complete all planned work for the next year, and will continue to generate meaningful news flow over the next year, which can add value to its assets and keep the investment community engaged. Premier will continue to work at all three of its core projects. Drilling results from the Cove project in Nevada are looking particularly interesting. Several new mineralized zones have been recognized, both gold mineralization and polymetallic mineralization with gold, copper, lead and zinc. The Hardrock project will have infill drilling completed during the course of this year that will support moving the project from the PEA phase to the feasibility stage. Its Red Lake joint venture project with Goldcorp should have drill results from the down-dip area of the Wilmar zone within the next couple of months. The market is anxious to see what this drilling will yield as it is a relatively untested target." More >

Joe Mazumdar, Canaccord Genuity (2/26/14) "We raised our target price on Premier Gold Mines Ltd. to CA$4.30 and maintained our Speculative Buy recommendation; the stock is up 63% year-to-date, ahead of the peer group. . .we believe there continues to be upside to the Premier Gold story as the company pushes ahead to produce a feasibility study for the Trans Canada project."

Jay Taylor, Gold, Energy & Tech Stocks (2/21/14) "Premier Gold Mines Ltd. is an amazing company. . .on Feb. 19, the company's President, Ewan Downie, reported on the final three holes drilled on the company's Cove deposit. . .not only [are] they are high grade [but] they confirm the discovery of Carlin-style mineralization on the Cove North Deep zone. . .the Cove project is just one of three world-class deposits that this company is in the process of developing. . . after reading this press release I doubled my holdings of Premier."

more comments

Rob Chang, Cantor Fitzgerald (2/20/14) "Premier Gold Mines Ltd. yesterday announced significant assay results from the company's Cove gold project. . .the results confirm multiple zones of gold and polymetallic mineralization underneath and around the historic Cove open-pit mine that point to the potential for a significant resource increase. . .we are maintaining our Buy recommendation and our $3.85/share target price."

Eric Lemieux, Laurentian Bank Securities (2/13/14) "Premier Gold Mines Ltd. has built a strong development team that can take projects to the next level, and the company is well positioned to continue to deliver results with a $25M development and exploration budget in 2014. Key catalysts shall be drilling results from Cove, an updated resource estimate on Hardrock, potential drill results from Wilmar and extensions on Rahill-Bonanza."

Jay Taylor, Gold, Energy & Tech Stocks (2/7/14) "I believe Premier Gold Mines Ltd. is truly an outstanding junior exploration company that is destined to make patient shareholders a lot of money. . .the company has major upside potential from its current share price. . .[the Trans-Canada properties] bring a per-share discounted present value of approximately $4/share versus a current price under $2. . .[Premier has] 100% interest in the Cove project in Nevada. Not only does it appear the company is on its way to discovering a high-grade, Carlin-style deposit, but more recently the discovery of a high-grade poly-metallic deposit also shows great promise."

Rob Chang, Cantor Fitzgerald (1/29/14) "Premier Gold Mines Ltd.'s Hardrock PEA planned for a higher-grade core than what we had initially modeled for the project, which led to higher-than-forecast production expectations over the first eight years. As a result, we are maintaining our Buy recommendation but are increasing our target price to $3.45/share from $3.05."

Jeff Killeen, CIBC World Markets (1/29/14) "Premier Gold Mines Ltd. released its PEA for the Hardrock and Brookbank projects. . .the Hardrock PEA was based on an open-pit only project. At a $1,250 gold price, Hardrock shows an internal rate of return of 19% and a 5% NPV of $359M, on an after-tax basis."

Eric Lemieux, Laurentian Bank Securities (1/28/14) "On Jan. 28, 2014, Premier Gold Mines Ltd. announced results from the PEAs on the Hardrock and Brookbank deposits. . .we believe that the Hardrock PEA shows solid economics. . .at a $1,250 gold price, the company discloses that the Hardrock open-pit project has an after-tax internal rate of return of 19% and an after-tax NPV (discounted at 5%) of $359M (payback period of 3.9 years). . .we maintain our Speculative Buy rating and $3.30 target price."

Rob Chang, Cantor Fitzgerald (1/23/14) "Premier Gold Mines Ltd. has a seasoned ex-Agnico Eagle Mines Ltd. team at the helm of the development work at Hardrock. We are modeling a 10 Ktpd operation that will ramp up to 18 Ktpd in year four. . .we are maintaining a Buy recommendation."

The Gold Report Interview with Eric Lemieux (1/21/14) "Premier Gold Mines Ltd. is in Ontario. The company's assets in the Red Lake and Geraldton areas and its Hardrock and Trans Canada projects are sitting on solid footing. It also has projects in Nevada. Premier has the financial capacity to remain active. It's my understanding that in 2014 Premier will come out with a scoping study for the Hardrock project, which will be able to move quickly into the prefeasibility stage. . .the Helen zone was Premier's first resource estimate. It is an improvement from what was done previously by Victoria Goldfields, which was a terrible saga where the company had to restate its numbers. Premier's numbers should be rock solid. There's potential to increase that internally, in infill drilling and with some proximal works. I feel comfortable with the Helen zone for the Cove property." More >

Eric Lemieux, Laurentian Bank Securities (12/17/13) "We rate Premier Gold Mines Ltd. a Speculative Buy with a one-year price target of $3.30/share. . .we highlight the following: seasoned management team and board of directors. . .the company has three core projects, each located in a safe jurisdiction and near excellent infrastructure."

Thibaut Lepouttre, Caesars Report (12/13/13) "Premier Gold Mines Ltd. has updated the market on its ongoing metallurgical test work at its 100%-owned Hardrock gold deposit in Ontario. The update is quite positive, as the average head-grade of the batches was 1.91 g/t, which is roughly in line with expectations. Cyanide consumption is quite low at just 0.1 kg/tonne of ore, and the total gold recovery ranges between 85–92%, depending on the grinding size. The metallurgical test work will be used as a basis for a PEA of the Hardrock deposit, which contains just over 7 Moz gold. We're already looking forward to the results of this PEA, which is expected to be published in Q1/14."

Eric Lemieux, Laurentian Bank Securities (12/11/13) "We are decreasing our target price to $3.30 (from $4) but maintaining our Speculative Buy rating. . .we highlight that Premier Gold Mines Ltd. holds three core projects (Red Lake, Trans-Canada and Cove), each located in safe jurisdictions and near excellent infrastructure. The company has delineated new mineralized horizons at the Rahill-Bonanza joint venture (JV) project (49% Premier) and East Bay JV project (35% Premier) with Goldcorp in Red Lake."

The Gold Report Interview with Mike Niehuser (12/4/13) "Nevada is a good place to start. At the Metals & Minerals conference I sat down with Premier Gold Mines Ltd. I have not visited its projects, but the company is known for work done in Ontario and is expecting results on its project in Red Lake. Investors should keep an eye on its Cove project in Nevada. It is brownfields exploration but Premier is looking at it in a whole new way. If the company is right, it could be one of the biggest discoveries in Nevada in some time. Premier also has about $80 million ($80M) in cash, which is very interesting." More >

Annie Zhang, Octagon Capital Corporation (12/3/13) "Premier Gold Mines Ltd. released initial metallurgical testing results for the open-pit material at its 100%‐owned Hardrock project. . .overall, initial results suggest that the pit material is amenable to conventional milling with 85–92% recovery and low cyanide consumption. These are viewed to be encouraging results and bode well for the company's ongoing economic work on the project."

Rob Chang, Cantor Fitzgerald (12/3/13) "Premier Gold Mines Ltd. released initial metallurgical results for its 100%-owned, 7 Moz gold Hardrock project in Ontario. Initial recoveries of between 85–92% appear higher than what many on Wall Street were estimating for the project. . .cyanide consumption was reported to be 0.1 kg/t or less, which is low and will have a positive impact on operating costs. . .preliminary results from a global composite indicated the presence of free gold and gold associated with pyrite/arsenopyrite and iron oxides."

Eric Lemieux, Laurentian Bank Securities (12/3/13) "Premier Gold Mines Ltd. announced initial metallurgical results from its Hardrock deposit, located in northwestern Ontario. Recoveries ranged from 85–92%, which increased with a finer grind size. . .preliminary results are positive and show recoveries above our modeled 87%. . .these metallurgical results serve as another component to the ongoing preliminary economic assessment for Hardrock (expected by Q2/14), which we expect to be one of the next key catalysts."

Christos Doulis, Stonecap Securities (11/20/13) "On Nov. 19, Premier Gold Mines Ltd. announced the discovery of high-grade polymetallic mineralization at the Cove gold project. . .the NI 43-101 compliant resource estimate for the Helen zone deposit is 425 Kt (Indicated category) grading 10.46 g/t Au and 882 Kt (Inferred category) grading 9.81 g/t Au. . .with mineralization continuing to expand at Cove, the company is in the enviable position of having multiple prospective projects and the financial resources to continue to advance them."

Annie Zhang, Octagon Capital Corporation (11/19/13) "Premier Gold Mines Ltd. released a resource update for the Helen Zone deposit on its 100%‐owned Cove project. . .the company also announced the discovery of polymetallic mineralization on the property; it is interesting and encouraging as it is located along the area that is interpreted as a northern strike extension of the feeder structures at Cove."

Jay Taylor, Gold, Energy & Tech Stocks (11/8/13) "Premier Gold Mines Ltd. is one of the most exciting members of my top thirteen picks. The downturn in the market gives investors a chance to buy a quality multimillion-ounce exploration and development company with very considerable room for reserve growth. Not only does the company have a sizeable gold resource on just one of its very promising properties, but all its interests are in Ontario and Nevada, where readily available infrastructure and relatively low political risk add to the quality of its ounces. . .Premier is a compelling investment opportunity and is significantly undervalued compared to other junior explorers in its district."

Adam Graf, Cowen & Co. (11/8/13) "Goldcorp already has 51% interest in the Premier Gold Mines Ltd.'s Red Lake properties (Rahill-–Bonanza). . .Premier's wholly owned trans-Canada assets appear, in aggregate, large enough to be of interest to Goldcorp. Premier's Nevada assets are likely of less interest to Goldcorp, but could be sold or spun off."

Jeff Killeen, CIBC World Markets (10/31/13) "Premier Gold Mines Ltd. released an updated resource estimate for its Hardrock gold deposit; the update showed modest growth with Measured and Inferred and Inferred ounces increasing 3% and 11%, respectively. Total open-pit ounces increased ~22% from 2.6 Moz to 3.2 Moz in all categories at a 0.5 g/t cutoff. . .with a strong balance sheet and high-quality projects, we believe the company warrants a premium to peers."

Rob Chang, Cantor Fitzgerald (10/30/13) "Premier Gold Mines Ltd. released an updated mineral resource estimate for its 100%-owned Hardrock deposit in Ontario, Canada. Despite the reduction in gold price since the previous resource update announced in December 2012, the latest estimate increases the Indicated resource by 17% to 3.2 Moz and the Inferred resource estimate by 12% to 3.8 Moz. This was achieved despite the application of a more conservative underground cutoff grade of 3 g/t, which is 7.1% higher than the previous cutoff grade of 2.8 g/t. The revised estimate of 7 Moz in aggregate also exceeded our forecast of 6.6 Moz by 6.7%. We are maintaining our Buy recommendation."

Christos Doulis, Stonecap Securities (10/30/13) "On Oct. 30, Premier Gold Mines Ltd. released an updated mineral resource estimate on the 100%-owned Hardrock gold deposit. . .with a resource of more than 6 Moz Au that continues to grow, we believe the Hardrock project is one of the few remaining large projects in politically safe jurisdictions that have not already been acquired by a producer. . .we are maintaining our Outperform rating."

Eric Lemieux, Laurentian Bank Securities (10/30/13) "On Oct. 29, 2013, Premier Gold Mines Ltd. announced an interim mineral resource update for the Hardrock deposit. . .this represents an overall increase in gold ounces of ~7%. . .a final resource update is to be released once all drilling in this program is complete; this is expected in early 2014."

Jordan Roy-Byrne, The Daily Gold (10/22/13) "Premier Gold Mines Ltd. is cashed up ($100M but not confirmed) and has the makings of a quality development company. . .Premier has the cash to be very active for a few years. . .it's high on our watch list."

The Gold Report Interview with Michael Curran (9/25/13) "One company we like in the gold patch is Premier Gold Mines Ltd. The company has a very strong portfolio of assets with high-grade components in both Ontario and Nevada. It has made several additions in the last 18 months from former Agnico-Eagle Mines management. This is a junior with the technical expertise of a mid-tier producer. . .we believe Premier Gold's 19% rise was a result of two positive developments that day—the Cove project drill results reported before the open and the announcement by the Fed regarding tapering in the afternoon. We viewed the drill results as positive as the latter higher-grade intercept you mentioned successfully extended the Helen zone gold mineralization to the east of previous drilling, and the other intercept you noted opens up the potential for the Helen zone mineralization to extend several hundred meters to the east, to below the previously mined Cove open pit. . .we believe that it is highly likely that Newmont will be involved with any mine development at Cove, either through the exercise of its right of first refusal or as the preferred partner to process Cove ores, thus holding either a direct interest or via a toll-processing agreement." More >

Eric Lemieux, Laurentian Bank Securities (9/18/13) "We believe that Premier Gold Mines Ltd. has built a dynamic development team. . .and we believe that this team is capable of advancing the company's three core projects in Ontario and Nevada, both good mining jurisdictions. . .Premier is well-positioned to deliver results from a healthy $30M development and exploration budget and advance each of its core projects to the next level."

Jay Taylor, Gold, Energy & Tech Stocks (8/16/13) "With Premier Gold Mines Ltd.'s shares selling below $2, and with a 7.8 Moz gold resource and counting, and with a strong balance sheet and very strong management team, I couldn't wait any longer to add this name to my portfolio. . .the company believes the Rahill-Bonanza project simply represents the 'best positioned gold property anywhere,' making Premier a compelling investment opportunity and significantly undervalued compared to other junior explorers in the district. . .the company could be a stellar performer among advanced-stage junior gold-share exploration companies over the next 6–2 months."

The Gold Report Interview with Louis James (8/14/13) "I also like Premier Gold Mines Ltd. The company has multiple high-grade projects all adjacent to mines in production. It has tons of money, which it can deploy in various ways. Whether the company gets taken over or if it needs to advance its projects itself, it's not going to need to go to the market anytime soon. . .there will be drill results as catalysts. The real game changer is a sleeper project that it has had for years: the Red Lake joint venture with Goldcorp Inc. Goldcorp dug a tunnel through the property to connect their two mines in the area. Premier has a geological theory that there's a lot of high-grade ore to be discovered near where that tunnel passed by. That is being drill tested now. Will it work? Will they find as much or will it be as consistent and high grade as it hopes? We don't know, but the cost is pretty minimal and Premier has more than $100M in cash. Investors get the upside almost for free." More >

Christos Doulis, Stonecap Securities (7/31/13) "Premier Gold Mines Ltd.'s drill results continue to demonstrate the large robust nature of the Hardrock project; with a resource of over 6 Moz Au that continues to grow, we believe the Hardrock project is one of the few remaining large projects in politically safe jurisdictions that have not already been acquired by a producer. Premier remains in the enviable position of having multiple prospective projects and the financial resources to continue to advance them; we are maintaining our Outperform rating."

Craig Stanley, Stifel Nicolaus (7/30/13) "Premier Gold Mines Ltd. announced assays from 61 holes drilled at the Hardrock deposit. . .the results continue to indicate both the potential to expand the open-pittable resource as well as the high-grade exploration potential at depth. . .the prefeasibility study for the Hardrock deposit is scheduled for H2/14."

Eric Lemieux, Laurentian Bank Securities (7/30/13) "Premier Gold Mines Ltd. announced additional drill results from its Hardrock property. . .results included holes from confirmation, expansion and condemnation drilling, which continue to intercept gold mineralization and expand the size of the potential prospective open pit at Hardrock. . .we continue to believe that these results are strong and encouraging, and are increasing the quality of the deposit. The company remains on track to deliver an updated mineral resource followed by a PEA before the year end for Hardrock."

Rob Chang, Cantor Fitzgerald (7/30/13) "Premier Gold Mines Ltd. announced an interim update for its 2013 Hardrock drilling campaign; both confirmation drilling and stepout drilling have yielded high-grade gold intercepts and trend continuation, highlighted by a stepout hole intercepting 5.27 g/t Au over 22.5m. . .several drills are actively testing an area to the north of the primary zones that had previously received minimal drilling. This drilling has resulted in the recent discovery of the North Wall and several holes have been extended to intersect mineralization in the vicinity of the known resource—confirming appreciable grades within several horizons."

Eric Coffin, Hard Rock Analyst (7/28/13) "Premier Gold Mines Ltd. continues to move forward with its three main projects: the Red Lake joint venture, the Trans-Canada project in Ontario and the Cove project in Nevada. . .the company has an extremely strong management group and about $100M ($0.65/share) in cash and marketable securities. . .it's worth accumulating at or below this level as a play on a higher gold price with some discovery leverage included."

Christos Doulis, Stonecap Securities (7/2/13) "With mineralization continuing to expand at Premier Gold Mines Ltd.'s Cove and drilling from the Tram starting up at Rahill-Bonanza, we continue to believe that the company is in the enviable position of having multiple prospective projects and the financial resources to continue to advance them. We are maintaining our Outperform rating and $3.25 price target."

Jeff Killeen, CIBC World Markets (6/28/13) "Premier Gold Mines Ltd. has released updated drill results from the 100%-owned Cove gold project in Nevada. Results were very compelling with a number of high-grade intercepts being reported that both confirm continuity and extend the footprint of the Upper and Lower Helen zones. . .the overall mineralized footprint at Cove has been expanded significantly in the past year. . .the company remains one of our preferred exploration names."

Rob Chang, Cantor Fitzgerald (6/28/13) "Recent drilling (hole D36726) at Premier Gold Mines Ltd.'s Rahill-Bonanza project has discovered multiple vein zones proximal to an ultramafic rock unit with assays of up to 13.05 g/t Au across 0.6m and 10.01 g/t Au across 0.77m. . .at the East Bay project, to date, gold mineralization has been intersected in the footwall of the East Bay ultramafic horizon over a strike length of approximately 1,500m and to depths of up to 800m."

The Gold Report Interview with Jeff Killeen (6/28/13) "Premier Gold Mines Ltd. has an attractive portfolio of assets in stable locations and with good infrastructure. The company's Red Lake Gold joint-venture project with Goldcorp Inc. lies directly between Goldcorp's Red Lake and Cochenour mines. If resource expansion continues at the project, Goldcorp may be compelled to own 100% of this ground. Also, Premier's Hardrock project in northern Ontario is about to complete a PEA. The project is located near the Trans-Canada Highway. It's a high-grade resource with expansion potential. It definitely could become attractive to producers as the project gets further derisked." More >

Craig Stanley, Stifel Nicolaus (6/27/13) "Assays announced in today’s update from Premier Gold Mines Ltd.'s drilling at the Rahill-Bonanza project from the tram include 1.4m of 13.99 g/t Au (hole D26678), 0.3m of 134.7 g/t Au (hole D36719) and 0.6m of 13.05 g/t Au plus 0.77m of 10.01 g/t Au (hole D36726). . .to date, at the East Bay project, gold mineralization has been intersected in the Footwall zone over a strike length of approximately 1,500m and to depths of up to 800m."

Luisa Moreno, Euro Pacific Capital (6/27/13) "Highlights from drill results from Premier Gold Mines Ltd.'s Helen zone at the Cove project include 6.52 g/t Au over 84.4m and 40.47g/t Au over 10.5m. Other drilling recorded some bonanza-grade results over some good widths; drilling has extended high-grade mineralization in the Helen target by approximately 365m southeast and 245m northwest."

Eric Lemieux, Laurentian Bank Securities (5/28/13) "Premier Gold Mines Ltd. has received plan of operation (POO) approval for the Cove gold project in Nevada. The company will now be able to conduct more work efficiently on the Cove property. . .the POO was highly anticipated and should allow Premier to pursue more ideal advanced exploration conditions. We maintain our Speculative Buy rating."

Morning Coffee (5/22/13) "Shares of Premier Gold Mines Ltd. jumped after the company announced additional high-grade results from ongoing drilling at its Trans-Canada property in northwestern Ontario, highlighted by an intersection of 400.53 g/t Au over 5m in (infill) hole HR156. . .drilling has discovered a new zone (North Wall zone) to the north of the primary resource area, which included results of 132.32 g/t Au over 3.9m and 13.96 g/t Au over 6m. The new zone has the potential to extend the pit shell to the north."

Jeff Killeen, CIBC World Markets (5/22/13) "Premier Gold Mines Ltd. has released updated drill results from its 100%-owned Hardrock project in Ontario. Drilling has intersected a new zone in the north pit area (North Wall zone) that returned some high-grade results such as 400.5 g/t over 5m, including 2,000 g/t over 1m in hole HR156. . .we believe the company represents a compelling investment at current levels."

Eric Lemieux, Laurentian Bank Securities (5/21/13) "Premier Gold Mines Ltd. announced additional drill results from its Hardrock project. . .these results are strong and encouraging. . .these results suggest that a larger pit could be considered. . .we believe that the company, with its growing development team, is well positioned to deliver. We maintain our Speculative Buy rating and $4 target price."

Craig Stanley, Stifel Nicolaus (5/21/13) "Premier Gold Mines Ltd. announced assays from 22 holes drilled at the Hardrock deposit, part of its 100% owned Trans-Canada project in northern Ontario that hosts a total open pittable resources of 3.35 Moz at 1.44 g/t Au and underground resources of 4.4 Moz at 5.9 g/t Au. . .in the High Grade North underground zone, an infill intercept hit 1m of 2,000 g/t Au at 298m down-hole depth; such a high grade hit shows the exploration potential at Hardrock."

Rob Chang, Cantor Fitzgerald (5/21/13) "Premier Gold Mines Ltd. has announced additional high-grade gold drilling results from the 6.6 Moz Hardrock deposit on its 100%-owned Trans-Canada Project. . .the highlight of the release was the discovery of a new zone named the "North Wall". . .highlights include 400.53 g/t Au over 5m (Hole HR156) located in the deeper portion of the HGN zone. . .we view this set of results as positive for the Hardrock deposit as the discovery of the new zone and the encouraging drill results from existing zones further add to the robustness and size of the project."

Scotiabank (4/18/13) "Premier Gold Mines Ltd. released additional high-grade results from ongoing drilling at the Trans-Canada property's Hardrock deposit located near Geraldton, Ontario. . .the length-weighted average grades (uncut) of the new results from the open pit area is 1.8 g/t Au. . .holes MM337 and MM340 encountered promising results in the new Mulligan Zone, including 8.46 g/t Au over 5.5m and 10.52 g/t Au over 2.5m."

Craig Stanley, Stifel Nicolaus (4/18/13) "Premier Gold Mines Ltd. announced assays from 28 holes drilled at the Hardrock deposit, part of its 100%-owned Trans-Canada project in northern Ontario. . .the results indicate both the potential to expand the open-pittable resource as well as the high-grade exploration potential at depth. . .preliminary scoping work has indicated that expanding the pit to depth, as well as bulk underground mining, may improve the overall economics of the project."

Eric Lemieux, Laurentian Bank Securities (4/2/13) "Premier Gold Mines Ltd. announces drill assay results from the Upper and Lower Helen zones of the Cove gold project in Nevada. Drilling continues to intersect gold mineralization on a southeast trend. . .we maintain our Speculative Buy rating and $7.50 target price on the company."

Annie Zhang, Octagon Capital Corporation (4/2/13) "Premier Gold Mines Ltd. announced assay results for 10 intercepts at the Cove gold project. . .highlights include hole AX-22 with 3.99m grading 34.52 g/t Au (lower Helen zone) and 3.05m grading 8.73 g/t Au (upper Helen zone). . .we are reiterating our Speculative Buy recommendation, give the company's strong management team and clear focus on advancing three key projects."

Craig Stanley, Stifel Nicolaus (4/2/13) "Premier Gold Mines Ltd. announced assays from five holes drilled at its Cove project in north-central Nevada. . .the highlight was Hole AX-22 that hit 3.99m of 34.52 g/t Au at 596.52m down-hole depth. . .the company is well funded with approximately $120M in working capital."

Christos Doulis, Stonecap Securities (3/28/13) "Premier Gold Mines Ltd. has awarded contracts to complete two independent PEAs for the company's Hardrock and Brookbank deposits, part of its Trans-Canada Project (TCP) in Ontario. . .we believe that the most likely scenario is that the TCP will ultimately be developed with a single centralized mill. . .it is encouraging to see the TCP moving forward. . .we are maintaining our Outperform rating."

Henry Lazenby, Mining Weekly (3/27/13) "Premier Gold Mines Ltd. has awarded two contracts to complete two independent PEAs for its Hardrock and Brookbank projects on the Trans-Canada property. . .the goal of the studies is to validate suggested positive economics of each deposit. . .the company said recent scoping work suggested both deposits were amenable to both open pit and underground mining methods."

Eric Lemieux, Laurentian Bank Securities (3/27/13) "Premier Gold Mines Ltd. has awarded contracts to Stantec for its Trans-Canada property in Ontario. . .awarding of preliminary economic assessment studies is an important milestone. . .we maintain our Speculative Buy rating and $7.50 target price on Premier Gold. We believe that Premier is a compelling investment opportunity and is significantly exposed to discovery and project development with its portfolio of quality assets in Ontario and in Nevada."

Craig Stanley, Stifel Nicolaus (3/27/13) "We are initiating coverage of Premier Gold Mines Ltd. with a Buy rating and a $3.65/share target price. Our target price is based on 1x our NAV of $3.65/share, calculated primarily on our conceptual mine model for the Hardrock deposit at a long-term gold price of $1,600/oz and an 8% discount rate."

The Gold Report Interview with Eric Lemieux (3/15/13) "Premier Gold Mines Ltd. just made a strategic acquisition in the Red Lake district, increasing the footprint of the Rahill-Bonanza joint venture property. The Broulan Reef is prime real estate—in line with the underground trend and west of the underground tram. . .I see this as a long-term investment, a testament to Premier's financial strength and acumen. Note that Goldcorp did exercise its right to acquire a 51% interest. I see that as logical and it highlights the good technical relations between Premier and Goldcorp in Red Lake camp. Land is everything and this is a very strategic acquisition. It's a buyer's market right now. Companies with cash can react. Companies with a tight share structure are permitted that flexibility. . .I take comfort that Premier has the will and capacity to advance the Trans-Canada project. The next key catalyst is the scoping study. I believe the gold is there, but the rake of the gold zones may pose a challenge." More >

Christos Doulis, Stonecap Securities (3/4/13) "We believe that Premier Gold Mines Ltd. continues to be in the enviable position of having multiple prospective projects and the financial resources to continue to advance them and is currently trading at a compelling valuation. We are maintaining our Outperform rating."

The Gold Report Interview with Alka Singh (3/1/13) "Premier Gold Mines Ltd.'s Trans-Canada is a great asset and the company is trying to spin the story that way, but it's not just a marketing gimmick. I think it does have something real there. The company's stock is relatively cheaper than some comparables. With Prodigy Gold Inc. being taken over, Premier is a pretty good name in the junior space that investors might want to get in, especially as Premier has much better grades than Prodigy." More >

Christos Doulis, Stonecap Securities (2/28/13) "Premier Gold Mines Ltd. announced that Goldcorp Inc. has notified Premier that it intends to exercise its right to acquire a 51% interest in the Broulan Reef project. . .we believe that Premier continues to be in the enviable position of having multiple prospective projects and the financial resources to continue to advance them, a rarity in today's environment. We are maintaining our Outperform rating."

Jeff Killeen, CIBC World Markets (2/27/13) "Premier Gold Mines Ltd. announced today that Goldcorp Inc. intends to exercise its right to acquire a 51% interest in the Broulan Reef project in Red Lake, by funding 51% of the acquisition costs, or ~$1.13M. . .given the potential for reduced costs and development synergies, we see Goldcorp electing to extend the joint venture to the Broulan Reef property as positive for Premier."

Ovais Habib, Scotia Capital (2/27/13) "Premier Gold Mines Ltd. announced that Goldcorp Inc. intends to exercise its right to acquire a 51% interest in the Broulan Reef project in Red Lake. . .deep drilling carried out by previous operators reported an anomalous gold intersection within intensely altered rocks. . .we rate Premier Sector Outperform with a CA$8.50 one-year target price."

Rob Chang, Cantor Fitzgerald (2/25/13) "Premier Gold Mines Ltd. has announced that it has acquired a 100% interest in the Broulan Reef project. . .we are maintaining our Buy recommendation and target price of $7.25/share on the company."

Eric Lemieux, Laurentian Bank Securities (2/25/13) "Premier Gold Mines Ltd. acquired a 100%-interest in the Broulan Reef project. . .we believe this small acquisition for under $2.5M in the vicinity of the main Red Lake 'Mine Trend' is inexpensive and is a strategic acquisition for long-term development. . .the company is a compelling investment opportunity at the current share price in light of its strong balance sheet ($150M in cash) and its significant exposure to discovery and project development with a portfolio of quality assets."

Ovais Habib, Scotia Capital (2/25/13) "Premier Gold Mines Ltd. announced the acquisition of a 100% interest in the Broulan Reef project in Red Lake. The Broulan Reef project is located immediately west of the Rahill-Bonanza joint venture property (51% Goldcorp Inc., 49% Premier) and south of Goldcorp's Bruce Channel deposit. . .we rate Premier Sector Outperform with a CA$8.50 one-year target price."

Christos Doulis, Stonecap Securities (1/30/13) "Premier Gold Mines Ltd. announced that it has entered into a share purchase agreement with Sandstorm Gold Ltd. . .although our NAV estimate for Premier remains unchanged, it is now invested in a much larger and more liquid royalty company, which we believe positively impacts the company. . .Premier Gold is our Top Pick for 2013. We are maintaining our Outperform rating."

Barry Allan, Mackie Research Capital (1/30/13) "Premier Gold Mines Ltd. has announced that it has entered into an agreement with Sandstorm Gold Ltd., whereby Sandstorm will acquire ~33.7M shares and ~7M warrants of Premier Royalty, representing Premier Gold's total interest in Premier Royalty. . .the transaction brings Premier Gold a $35M gain on Premier Royalty (equating to ~98%) since it was spun out 14 months ago."

Rob Chang, Cantor Fitzgerald (1/29/13) "Premier Gold Mines Ltd. has sold its entire remaining position in Premier Royalty Inc. to Sandstorm Gold Ltd. for consideration of $70.7M. . .we are maintaining our Buy recommendation and target price of $7.25 per share. . .the transaction represents a $35M, or 98%, gain on Premier Royalty since its creation 14 months ago. The transaction effectively upgrades Premier Gold's investment in a royalty portfolio consisting of five operating assets and seven exploration/development assets to a portfolio that includes the same assets plus 11 additional operating assets."

Jeff Killeen, CIBC World Markets (1/11/13) "Premier Gold Mines Ltd. has released updated results from the Cove Gold drilling program that includes impressive highlights such as 9.2 g/t over 16m in hole AX-18. . .we expect that there will be a multifold increase in total ounces within the Helen zone over the coming 12-18 months. . .the company has intersected 5.5 g/t over 5.7m in the Dixie Valley formation. . .we believe significant upside remains in PG shares. We argue that PG shares should trade at a premium given the preferred locations, high-grade resources and resource upside across the company's portfolio."

Rob Chang, Cantor Fitzgerald (1/10/13) "Premier Gold Mines Ltd. released follow-up assay results from the Helen zone on its Cove project. . .highlight intercepts include 9.16 g/t over 16m, 33.43 g/t over 3.5m and 7.19 g/t over 7.56m. . .to date, drilling has expanded mineralization by 213m to the southeast along strike from the Helen zone toward the Cove pit. . .we are maintaining a Buy recommendation on the company."

Christos Doulis, Stonecap Securities (1/10/13) "Premier Gold Mines Ltd.'s drill results from Cove continue to show the potential for a significant deposit. With a budget of $10M in 2013, the company should be able to significantly advance the project. . .Premier is our Top Pick for 2013. . .we are maintaining our Outperform rating and target price of $7.70."

Annie Zhang, Octagon Capital Corporation (1/9/13) "Premier Gold Mines Ltd. announced assay results of 10 intercepts from six holes drilled at Cove gold project. . .the assays released today returned a weighted average grade of 3.77 g/t Au over an average interval of 13m. . .drilling continues to intersect gold mineralization."

Eric Lemieux, Laurentian Bank Securities (1/9/13) "Premier Gold Mines Ltd. is defining more gold within the Helen zone on the Cove gold project. . .we believe stepout drill results continue to expand mineralization along the Cove anticline to the southeast, potentially towards and below the historic mining operations. . .we estimate an average grade-x thickness for 13 intercepts at 42 g/t Au per meter. . .the potential for expansion of the gold zones remains considerable."

Ovais Habib, Scotia Capital (1/9/13) "Premier Gold Mines Ltd. released assay results for six additional drill holes from the Cove project, located in the Eureka-Battle Mountain Trend in Nevada. . .the reported stepout holes returned good widths and grades (e.g., 9.16 g/t over 16m, including 14.15 g/t Au over 6.25m in hole AX-18). Drilling in the Lower Helen Zone is reported to have expanded the mineralization by 213m to the east-southeast, toward the Cove pit, since Premier assumed control of the project and the zone is wide open."

Rob Chang, Cantor Fitzgerald (1/2/13) "Premier Gold Mines Ltd. has shown strength over the last few trading sessions as the market returns to sanity. . .the resource increased by 2.5 Moz at Hardrock, or by 70% if the cut-off grade was held constant to what was used previously (0.83 g/t Au). . .at the lower cut-off grade of 0.5 g/t Au, the resource increased to 7.8 Moz gold, or an 81% increase. . .despite the recent strength in Premier's shares over the past few trading sessions, we believe there is significant upside to be had. Our conservative NAV and target price is $7.25/share. . .this implies an 87% upside from today's intraday trading high."

Eric Lemieux, Laurentian Bank Securities (12/21/12) "Premier Gold Mines Ltd. announced an updated mineral resource estimate for its 100%-owned Trans-Canada project. . .total mineral resources for the Trans-Canada project total more than 7.7 Moz Au. . .we believe the growing resource sets the stage for potential growth and development. . .we continue to rate the company a Buy with a $7.50 target price."

Christos Doulis, Stonecap Securities (12/21/12) "Premier Gold Mines Ltd.'s global resource at the Trans-Canada project increased substantially to 7.8 Moz Au, from 4.2 Moz Au; the resource at the Hardrock deposit increased to 6.6 Moz Au, from 3.6 Moz Au. . .the project is of a size that will appeal to majors. The company continues to be well funded with a strong management team, capable of pushing the project forward; we are maintaining our Outperform rating."

Rob Chang, Cantor Fitzgerald (12/20/12) "Premier Gold Mines Ltd. has announced a highly anticipated resource update for its Trans-Canada project located in the Geraldton-Beardmore district of Northern Ontario, Canada, which blew through expectations. . .on a global basis, the Trans-Canada project's estimated contained 7.8 Moz of gold reflects an 81% increase in resource size, or by 3.5 Moz Au. . .if we hold the cutoff grade constant, the resource at Hardrock still increases by 2.5 Moz Au, or by 70%. . .we are maintaining a Buy recommendation."

Ovais Habib, Scotia Capital (12/20/12) "Premier Gold Mines Ltd. released an updated resource estimate for the Trans-Canada project with combined M&I and Inferred ounces from all projects totaling 7.7 Moz gold. . .we reiterate our Sector Outperform rating."

Steven Butler, Canaccord Genuity (12/20/12) "We reiterate our Speculative Buy rating on Premier Gold Mines Ltd. following the release of an updated Trans-Canada NI 43-101 resource estimate, which was 73% above our estimate. . .the project has excellent development potential given the size and quality of the resource and infrastructure advantages including highway and power line access."

Eric Lemieux, Laurentian Bank Securities (12/20/12) "Premier Gold Mines Ltd. reported that Measured, Indicated and Inferred gold resources now stand at over 6.56 Moz Au (previously 3.6 Moz) [at its Trans-Canada project]. . .the Hardrock deposit represents 77% of the total M&I ounces and 93% of the total Inferred ounces and remains open for growth. . .drilling is ongoing and new gold zones have recently been discovered offering further upside for expansion. . .we rate Premier a Speculative Buy with a $7.50 one-year target price. . .it is significantly exposed to discovery and project development with its portfolio of quality assets in Ontario, as well as in Nevada. . .it remains a compelling investment opportunity at current levels."

Christos Doulis, Stonecap Securities (12/6/12) "Premier Gold Mines Ltd. has completed the spinout of its royalty subsidiary and in doing so has created substantial value for company shareholders. With cash and investments of ~$170M, Premier has ample financial flexibility to continue advancing its stable of development projects; we are maintaining our Outperform rating and target price of $8.50."

Eric Lemieux, Laurentian Bank Securities (12/6/12) "Premier Gold Mines Ltd. announced on December 5, 2012, the completion of the previously announced business combination of Premier Gold's royalty subsidiary and Bridgeport Ventures Inc. The new publicly traded entity is Premier Royalty Inc. . .we believe Premier Royalty Inc. provides an excellent avenue for shareholder value creation with a solid cash position and an expanded shareholder base to support aggressive growth plans. . .we continue to rate Premier Gold a Speculative Buy. . .Premier Gold remains a compelling investment opportunity."

Eric Lemieux, Laurentian Bank Securities (12/3/12) "Bridgeport Ventures Inc. security holders have approved, at their annual and special meeting, the previously announced plan of arrangement whereby Bridgeport will acquire Premier Gold Mines Ltd.'s wholly-owned subsidiary, Premier Royalty Corp. . .the arrangement provides an excellent avenue for shareholder value creation through a solid cash position and an expanded shareholder base to support aggressive growth plans. . .we continue to believe that Premier Gold is a compelling investment opportunity and is significantly exposed to discovery and project development as it has built a portfolio of quality assets in stable and gold-endowed jurisdictions."

Rob Chang, Cantor Fitzgerald (11/26/12) "We are initiating coverage of Premier Gold Mines Ltd.with a Buy (Speculative) recommendation and a $7.15 target price; the company has assets in world-class gold camps, next to or in joint ventures with gold mining majors, for projects that have high gold grades, and in politically safe jurisdictions. While other gold exploration companies establish themselves on one or maybe two of these attributes, Premier Gold's excellent management team has made it a habit to acquire assets with most if not all of these characteristics; as such, the company enjoys strong market confidence."

Annie Zhang, Octagon Capital Corporation (11/20/12) "Premier Gold Mines Ltd. provided an exploration update on the Rahill-Bonanza property, a joint venture between Premier (49%) and Goldcorp: Two surface holes intersected the down-dip extension of the historic Wilmar mine and the West Granodiorite zone and returned 4.01 g/t Au over 20.5m and 1.52 g/t Au over 126m, respectively. . .surface drilling continues to confirm and expand gold mineralization on the property. . .we currently believe 3–4 Moz gold, on a 100% basis, could be delineated on the property. "

Eric Lemieux, Laurentian Bank Securities (10/30/12) "With over $150M in cash and equivalents, Premier Gold Mines Ltd.'s war chest is well garnished, increasing its ability to move projects forward and take advantage of acquisition opportunities. . .the company holds an important portfolio of solid properties in safe and stable jurisdictions. We continue to believe Premier Gold is in a good position to deliver positive results by combining all the key elements for success: an experienced management team with development capability, financial flexibility and a focus on proven gold districts."

Eric Lemieux, Laurentian Bank Securities (10/25/12) "Premier Gold Mines Ltd. disclosed that it had receipt of an environmental compliance approval and a permit to take water from the Ontario Ministry of the Environment. . .we believe that these permitting approvals should set the stage for the company to perform advanced underground exploration work. . .we continue to believe that Premier is a compelling investment opportunity and is significantly exposed to discovery and, more importantly, project development."

Ovais Habib, Scotia Capital (10/24/12) "Premier Gold Mines Ltd.'s [newly granted] permits give the company the option to dewater the Macleod-Mosher underground workings, which include the Hardrock deposit, and to carry out underground exploration. . .a PEA for the project is expected by year-end. We expect that Premier will use the PEA to make a decision on dewatering and underground/advanced exploration. . .we reiterate our Sector Outperform rating."

Christos Doulis, Stonecap Securities (10/23/12) "Premier Gold Mines Ltd. announced that it has completed its bought deal public offering of 7,030,000 common shares at a price of $6.08 and 3,004,950 flow-through shares at a price of $7.08 for net proceeds of approximately $60.8M. . .the company is now well financed to pursue aggressive exploration and development programs at all of its assets. . .we are maintaining our Outperform rating."

The Gold Report Interview with Eric Lemieux (10/5/12) "I have Premier Gold Mines Ltd. as a buy with a target price of $7.50/share. It has a growing portfolio of properties in Ontario and Nevada, both well-known, gold-endowed districts in stable jurisdictions. . .Premier owns 49% of its portfolio of projects in the Red Lake District. Goldcorp is the operator. So, Goldcorp would perhaps be a natural suitor. All I know is that Premier has positioned itself as a great explorer and now as developer. Ebe Scherkus, the chairman, is bringing Premier to another level." More >

The Gold Report Interview with Eric Coffin (9/12/12) "I have liked Premier Gold Mines Ltd. for several years. It has developed nice land positions in Nevada and in Ontario. It's a good story at many levels, and it has one of the best management groups in the junior sector. Premier has several very good advanced projects in Ontario and Nevada where it's growing resources with ongoing exploration. It's a very solid stock with a wide following." More >

Ovais Habib, Scotia Capital (8/27/12) "Our recent site visit to Premier Gold Mines Ltd.'s Cove project (Nevada) confirmed our perception that the company is in the enviable position of owning a high-grade underground deposit in close proximity to mining infrastructure. The encouraging assay results, released on Aug. 23, 2012, returned robust widths and grades (hole AX-12: 7.09 g/t across 24.38m) from the Helen zone (resource of 231 Koz grading 20.23 g/t Au) and extended the total length of mineralization to ~1,200 ft (NW-SE). . .we reiterate our Sector Outperform rating."

Eric Lemieux, Laurentian Bank Securities (8/15/12) "The 1,650m deep tram drift has attained 700m into Premier Gold Mines Ltd.'s Rahill-Bonanza property area and recently excavated through, we understand, a favorable gold-bearing basaltic komatite (ultramafic) rock unit. . .we believe that the company remains a compelling investment opportunity and has significant potential for discovery and project development. We highlight that Premier has built a portfolio of quality assets in stable and gold-endowed jurisdictions that could provide the stepping stone for the establishment of a quality, medium-sized gold producer."

Ovais Habib, Scotia Capital (8/14/12) "Premier Gold Mines Ltd. provided an exploration update on the tram excavation in Red Lake, which has progressed 730m into the Rahill-Bonanza joint-venture project. . .the tram has passed through a basaltic komatiite rock unit, which is known to be an important host to mineralization at the Red Lake gold mines complex. Muck and chip samples from this unit are reported to have returned some of the highest values from sampling within the joint venture. . .we reiterate our Sector Outperform rating."

The Gold Report Interview with Louis James (8/10/12) "Premier Gold Mines Ltd. is an example of a company that's not exactly cheap, but is cheaper than it has been. It's got several large high-grade gold deposits in safe jurisdictions. They're all within sight of a head frame of some large mining company's gold operations, which increases the odds of a takeover. It's also spinning out a royalty business. Several ways to win with that one." More >

Eric Lemieux, Laurentian Bank Securities (8/9/12) "Premier Gold Mines Ltd. has signed a definitive agreement with Bridgeport Ventures Inc. to merge Premier Royalty Corporation (PRC) with Bridgeport. . .closing is expected during the fall of 2012. . .we believe that PRC's go-public event provides an excellent avenue for shareholder value creation through a solid cash position and an expanded shareholder base to support the company's aggressive growth plans."

Annie Zhang, Octagon Capital Corporation (8/8/12) "Premier Gold Mines Ltd. announced the signing of a definitive agreement to merge its wholly owned subsidiary, Premier Royalty Corp., with Bridgeport Ventures Inc. . .the impact is positive. . .Premier Gold also granted a right of first refusal to Premier Royalty Inc. to purchase any royalties on Premier Gold's properties within two years of the merger, which provides potential revenue growth for Premier Royalty, given Premier Gold has six properties in its portfolio and is currently progressing its Hardrock project to near‐term development. . .we are maintaining our $10.20 target price and Speculative Buy recommendation."

Jeff Killeen, CIBC World Markets (8/8/12) "Premier Gold Mines Ltd. has announced that it has signed a definitive agreement with Bridgeport Ventures Inc., defining the previously announced acquisition of Premier's wholly owned royalty subsidiary by Bridgeport. . .we believe the deal is positive for Premier shareholders as it will provide arm's-length exposure to a strong royalty segment. The royalty portfolio is currently generating cash flow and we anticipate that upside for the company's interest could be realized as new projects within the portfolio come online."

Morning Coffee (8/1/12) "Premier Gold Mines Inc. released an exploration update from ongoing work being performed at the company's 100%-owned Trans-Canada project in northwestern Ontario. Management stated that surface drilling continues to delineate and expand mineralization in multiple horizons and includes numerous high-grade intercepts."

Eric Lemieux, Laurentian Bank Securities (8/1/12) "Intercepts from Premier Gold Mines Ltd.'s recent drilling on the Fortune zone includes numerous high-grade intercepts such as 2m at 431.4 g/t Au (wedge hole MM307), 8.9m at 21.13 g/t Au (hole MM298) and 1m at 113 g/t Au (hole MM293). . .we also highlight intercepts in other zones such as 2.9m at 21.59 g/t Au in the North zone horizon (hole MM292) and 1.5m at 142 g/t Au in the P zone horizon (hole MM297). We believe these multiple zones are signs of a growing deposit."

Christos Doulis, Stonecap Securities (8/1/12) "Premier Gold Mines Ltd. provided an exploration update at its Trans-Canada project. . .the drill holes continue to show the high-grade potential of the Hardrock deposit within the Trans-Canada project. Premier also disclosed that it continues to finalize the long-awaited resource update for the Trans-Canada project. . .we are maintaining our Outperform rating."

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