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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:

The Gold Report Interview with Christos Doulis (9/22/14) "One [junior miner] that I quite like and believe is an M&A target is Premier Gold Mines Ltd. Its primary asset is the Trans-Canada project near Geraldton, Ontario. The Hardrock deposit is an open-pit deposit running about 1.5 g/t gold with a decent stripping ratio. It's a long-life asset that should produce 200 Koz annually. That's the kind of project that would likely attract M&A interest from an intermediate or major producer. Hardrock should be in the lower half of the cost structure and it's in Canada. Over the last couple of years we have seen a return to politically favorable jurisdictions like Canada. [Proven operators developing a preproduction asset] is a testament to the quality of the asset and the quality of the people involved in Premier, from CEO Ewan Downie on down. Even if Premier doesn't get a takeover bid, its intention is ultimately put Hardrock into production. Premier doesn't have the financial resources to do so today, but as confidence in Hardrock increases Premier may be able to get the capital required to build Hardrock. My thesis is that it gets taken out before that.

[Premier recently reached an agreement with Newmont Mining Corp. to consolidate 100% ownership of the Cove project in Nevada.] It was a good deal for Premier because Newmont had a back-in right at 2.5 times exploration spending so there was little incentive for Premier to spend to develop the Cove assets. With the ownership situation cleared up, Premier should feel more comfortable spending exploration dollars to unlock value at Cove, which has a historical grade of 10+ g/t: the resources at Cove are pre-NI-43-101. Cove is a small piece of my valuation for Premier but with drills turning, the company should be able to quickly add meaningful ounces. . .a lot of Premier's value is in Hardrock. It's the biggest resource. I could see an acquirer buying Hardrock and spinning the rest of the assets into another company. There is always a chance that Premier could do a deal with Goldcorp on the Red Lake assets and use the cash to advance Hardrock. Goldcorp is the logical buyer for the Red Lake assets given the joint venture relationship." More >

Ovais Habib, Scotia Capital (9/18/14) "Premier Gold Mines Ltd. announced assay results for nine highlight holes from infill drilling in progress at its 100%-owned Hardrock project in Ontario. . .they include 3.25 g/t Au over 23m in hole MM598 including 25.93 g/t Au over 2.5m, and 3.01 g/t Au over 37.5m in hole MM599 including 5.75 g/t Au over 9.9m. . .with current cash of ~CA$40M, we believe the company remains well funded for planned exploration and development activities in 2014."

The Gold Report Interview with Jeff Killeen (9/10/14) "In 2013, Premier Gold Mines Ltd. was one stock I highlighted as being a company with lots of cash and that would have meaningful developments over the following 12 months. In 2014 the company produced a PEA and increased the total resource for its Hardrock project in northern Ontario. That has improved Premier's estimated return on paper. Meanwhile, Premier has increased the mineralized footprint and consolidated its Cove project with the neighboring McCoy mine in Nevada. Its strong balance sheet and the ability to unlock value in its assets are a big part of Premier's share price performance—it's up almost 80% year-to-date. That cash-and-catalyst requirement should still be prevalent in investors' minds.

I recently visited its Premier's Hardrock project in northern Ontario. I was looking at how the geology and mineralization on surface compares to the company's estimates. Premier has exposed some of the geology on surface and interpretations of that geology based on computer models are being validated through surface sampling. Also in focus were some steps it is taking toward producing a feasibility study early next year.

Premier has done a lot of geotechnical drilling over the last year and found that it has good rock stability, so it's likely that we'll see slightly steeper pit walls in the feasibility study relative to the PEA of January 2013; this could improve the overall strip ratio and improve costs. The bottom line is that Hardrock is certainly the company's focus. The work the company will do over the next 6 to 12 months should at least marginally improve Hardrock's economics, which could bring people's eyes back to that project.

Once it gets Hardrock past the feasibility stage, Premier must seriously consider how it would finance a mine. Financing this mine will be one of the bigger challenges Premier faces. Hardrock is a "modest capital expenditure" project in the range of $500M and it could be attractive to a midtier or senior producer because the cost is not in the billions. . .with senior management additions like Chairman Ebe Scherkus and a number of other engineering and resource-modeling professionals, we can see that this company is transforming. Ebe and the team that Premier has brought in are focused on properly designing Hardrock and are moving that project through the development phase. But this is still a junior exploration company. If its project looks attractive from an M&A standpoint, I expect that Premier would be willing negotiators provided that the numbers make sense." More >

Joseph Fazzini, Dundee Capital Markets (9/2/14) "We are launching coverage on Premier Gold Mines Ltd. . .Hardrock hosts an impressive open-pit mineral inventory with both size and grade (~4.47 Moz grading ~1.48 g/t) and potential for low-cost production. The fact it's in one of the best mining jurisdictions in the world (Ontario) further enforces the merits of this project and underpins our Buy rating and $4.25 price target on the company."

Christos Doulis, PI Financial (8/26/14) "On August 26, Premier Gold Mines Ltd. released assays from recent drilling at its Cove project in Nevada. . .these holes demonstrate the high-grade nature of mineralization at Cove, which hosts a non-NI-43-101-compliant (i.e. historic) resource of approximately 421 Koz Au grading about 10 g/t Au. . .with an agreement in place to consolidate ownership at Cove, Premier is now in a position to spend exploration dollars at Cove and we expect ongoing drill results from the project."

more comments

Jeff Killeen, CIBC World Markets (8/19/14) "Project taking shape: On August 14, we visited Premier Gold Mines Ltd.'s Hardrock project in Northern Ontario. The well-attended site tour focused on work that has been completed at the project over the last 12 months and how recent drilling, surface stripping and channel sampling have supported the company's estimates. We anticipate throughput will increase in the upcoming feasibility study for Hardrock, anticipated in H1/15."

Christos Doulis, PI Financial (8/18/14) "On Aug. 14, we had the opportunity to tour Premier Gold Mines Ltd.'s Hardrock project. . .we were impressed with the team the company has assembled to advance the project. . .the site visit served to reinforce our belief in the viability of the open-pit portion of the Hardrock project and its appeal as a mergers and acquisitions target for intermediate gold producers."

Thibaut Lepouttre, Caesars Report (8/7/14) "Premier Gold Mines Ltd. has released an updated resource estimate on its Hardrock project in Ontario, Canada. The total resource now (based on 621,000m of drilling) stands at over 7.5 Moz, almost two-thirds of which is in the Indicated category with the balance being booked as Inferred resources. What's more important is the 69% increase in the open pit Indicated resources (at a grade of 1.47g/t, which is excellent), which will be very important to support any plans to develop the open pit part of the Hardrock project."

Christos Doulis, PI Financial (8/6/14) "Premier Gold Mines Ltd. announced that it signed a binding agreement with Newmont Mining Corp. to consolidate a 100% interest in the Cove-McCoy gold properties in Nevada. The firm will make staged payments to Newmont over 18 months equal to US$21M. . .as of March 31, 2014, the company had US$58M in working capital including US$62M cash. . .we are maintaining our CA$4/share price target for Premier Gold Min. and our Buy recommendation. . .the company's Trans-Canada Hardrock project is of potential M&A interest to intermediate mining companies and the major value driver for the company."

Sam Crittenden, RBC Capital Markets (8/5/14) "Premier Gold Mines Ltd. announced an agreement with Newmont Mining Corp. to acquire a 100% interest in the McCoy property, adjacent to Premier's Cove project, for $21M. We believe this acquisition makes sense for the company because there is potential to mine residual open-pit oxide material and utilize existing heap-leach pads and underground infrastructure, which could result in a short and low capex path to production."

Ovais Habib, Scotia Capital (8/5/14) "Premier Gold Mines Ltd. announced it has signed a binding agreement to acquire 100% of Newmont Mining Corp.'s McCoy property in Nevada. . .Premier sees potential to define both near-surface and underground resources at McCoy but intends to initially focus on defining near-surface, heap-leachable mineralization that could be prioritized towards development as significant infrastructure, including lined heap leach pads (permitted), is available. Drilling is expected to start shortly to support an updated resource estimate for the McCoy property in H1/15. . .we view this acquisition as positive."

Rob Chang, Cantor Fitzgerald (8/5/14) "Premier Gold Mines Ltd. has announced that is has signed a binding agreement with Newmont Mining Corp. to consolidate the former's interest in the Cove-McCoy properties in exchange for $21M and all of Premier's interests in the south Carlin project (essentially the Saddle project). . .we believe the consolidation of the project and the elimination of back-in rights to Newmont gives Premier full control of a potentially world-class project."

Morning Coffee (7/9/14) "Premier Gold Mines Ltd.'s new resource shows a solid conversion of Inferred to Indicated resources relative to the October 2013 estimate as pit-constrained Indicated ounces increased 1.62 Moz or 69% to 3.97 Moz while Inferred ounces declined to 0.9 Moz by 42%. . .the new resource will feed into a feasibility study expected in H1/15; an additional 35,000m of drilling are required in 2014."

Michael Allan McCrae, Mining.com (7/9/14) "Premier Gold Mines Ltd. announced on Wednesday that its Hardrock gold deposit, an open-pit project in located in northwestern Ontario, would be increasing its Indicated resources by 60% to 3.97 Moz. . .the company expects to release a feasibility study in H1/15."

Sam Crittenden, RBC Capital Markets (7/9/14) "We view Premier Gold Mines Ltd.'s Hardrock as a quality project and the updated resource shows the potential to increase the scale and the net present value. . .the company remains focused on a staged project with initial capital below $500M although Hardrock could support a project with +8 Moz at 1.1 g/t in a larger scenario."

Rob Chang, Cantor Fitzgerald (7/9/14) "Premier Gold Mines Ltd. provided a resource update on its wholly owned Hardrock project: An increase of 69% to 3.97 Moz in the open-pit Indicated category. . .the overall Indicated resource now stands at 4.87 Moz, representing an increase of 50%. . .we continue to believe in management's ability to execute; we reiterate our Buy recommendation and are raising our target price to $4.15/share. . .the grades have increased slightly with the 2014 mineral estimate, now totaling 83.868 Mt at 1.47 g/t compared to the previous 50.228 Mt at 1.46 g/t." ."

Jeff Killeen, CIBC World Markets (7/9/14) "Premier Gold Mines Ltd. released an updated resource estimate for the Hardrock deposit in Geraldton, Ontario: Open-pit Indicated resources increased by 69% to 3.97 Moz, while grades were largely maintained. . .after adjusting our model for the Hardrock project for today's resource estimate update, our net asset value for the company increases by approximately 10%. . .and price target increases to $4.40/share from $4/share."

Vivien Diniz, Resource Investing News (7/8/14) "Premier Gold Mines Ltd. has confirmed an increase of its Indicated open-pit resource estimate at the Hardrock gold deposit near Geraldton in northwestern Ontario by 69%. Taking the resource increase into consideration, the company's overall Indicated resources now stand at 4.87 Moz, which shows a boost of 1.63 Moz, or 50%. On the Inferred side, Premier reduced the number of overall Inferred ounces by 1.04 Moz, or 27%, to 2.74 Moz."

Vivien Diniz, Resource Investing News (7/8/14) "Premier Gold Mines Ltd. increased its Indicated open-pit resource estimate at the Hardrock gold deposit near Geraldton in northwestern Ontario by 69%. . .the firm's overall Indicated resources now stand at 4.87 Moz, which shows a boost of 1.63 Moz or 50%. . .the company will be adding an additional 35,000m of diamond drilling in 2014 in order to convert the final open-pit Inferred resource ounces into Indicated ounces prior to the completion of the firm's feasibility study, which will be released in H2/15."

Ovais Habib, Scotia Capital (7/8/14) "Premier Gold Mines Ltd. announced an updated resource estimate for its wholly owned Hardrock gold project near Geraldton, Ontario. . .open-pit Indicated resources increased by an impressive 69% to 3.97 Moz, and we were pleased to see the grade maintained at 1.47 g/t Au."

Christos Doulis, PI Financial (7/8/14) "On July 8, Premier Gold Mines Ltd. tabled an updated NI 43-101 compliant resource for its Hardrock project. . .the new resource estimate saw a considerable growth in Indicated resources (+1.63 Moz) and a decrease in Inferred resources (-1.04 Moz) as the company converted Inferred resources to Indicated resources."

Rob Chang, Cantor Fitzgerald (7/3/14) "We continue to view Premier Gold Mines Ltd. as extremely undervalued and one of our top picks. . .the company has provided a resource update on its 100%-owned Hardrock project. . .overall, the Indicated resource now stands at 4.87 Moz, representing an increase of 50%. . .we note that the open-pit Indicated resource, which now stands at 3.97 Moz, also was accompanied by a coincident increase in resource grade."

Christos Doulis, PI Financial (6/26/14) "Premier Gold Mines Ltd.'s Cove and Red Lake projects contain high-grade resources and are located in mining districts known for high-grade deposits. . .the company currently has CA$60M in cash and expects to end 2014 with CA$38M, providing it with ample capital to advance its projects at a time when access to such capital is challenging. The firm's Hardrock project, with a potential production profile of 200 Koz/year Au, represents a possible M&A target for intermediate mining companies. . .we are initiating coverage of Premier Gold Mines with a target price of CA$3.75/share and a Buy recommendation."

Ovais Habib, Scotia Capital (6/25/14) "Premier Gold Ltd. announced it has, in conjunction with Golder Associates Ltd., completed a geotechnical report on the proposed open pit at its 100%-owned Hardrock project. . .the geotechnical report depicts favorable rock conditions (good to very good rock mass) at Hardrock, providing Premier with the option to steepen pit walls within the pit shell which could result in: 1) Increasing pit resources further at depth and 2) Reducing the life-of-mine strip ratio."

Rob Chang, Cantor Fitzgerald (6/11/14) "We continue to believe in Premier Gold Mines Ltd.'s management's ability to execute and reiterate our Buy recommendation and $3.85 target price. . .Premier expects to release a resource update for its Trans-Canada project by the end of June; we expect this update to meaningfully upgrade some of the Inferred resources to the Measured and Indicated category. . .the Cove project in Nevada is the area of focus this year for the company. Its recent discovery of the 2201 ply-metallic sulphide zone has encountered some excellent intercepts of up to 183 g/t Au as well as high silver grades."

Laurence Curtis, Dundee Capital Markets (6/10/14) "We recently visited Premier Gold Mines Ltd.'s Hardrock project near Geraldton, Ontario and came away impressed with both the project and the team working to advance it. . .with a supportive community, a strong management team and a historic database as a template, we believe Hardrock has the potential to be a robust, long-life project (currently 15 years of open pit), especially as the underground resources are better refined."

Ovais Habib, Scotia Capital (5/15/14) "Premier Gold Mines Ltd. expects to release the feasibility results for Hardrock in H1/15, which will be based on an updated resource estimate. . .production at Hardrock is expected to average 203 Koz over a 15-year mine life with life-of-mine all-in sustaining costs of $803/oz. . .we estimate the company will finish Q1/14 with about $65M cash and equivalents and believe the company is well funded for 2014."

The Gold Report Interview with Michael Curran (5/14/14) "Our top pick in the small-cap gold equity space is Premier Gold Mines Ltd. The company ticks all the boxes. It is in low political-risk jurisdictions—Ontario and Nevada. It has a very strong management team, people who are good at exploring and financing, and who have built and run mines. Perhaps more importantly, Premier has more than $50M in cash so there are no concerns about shareholder dilution or having to finance at low equity prices. . .Cove is interesting in that there are two, perhaps even three distinct types of mineralization. The current resource at the Helen Zone and some of the extensions below the previously mined Cove pit are all classic Carlin-style gold deposits with carbonate-hosted gold. It's soft and easy to mine. What's more interesting is that below the open pit Premier found this new zone that has massive sulphide mineralization, with base metals in addition to gold. For underground mining, that's a much more competent rock to be mining, assuming Premier finds enough of it at decent grades. . .Premier could have an interesting medium-sized open pit at Hardrock. Then there's a relationship with Newmont Mining at Cove. An aspect of Premier we've always liked is its potential for either a takeover or an asset selloff. Premier is a very attractive investment at $2/share." More >

Ovais Habib, Scotia Capital (4/24/14) "Premier Gold Mines Ltd. announced exploration plans for the Bankfield West target (~11km west of Hardrock) and Viper target (~33km east of Hardrock). . .it is positive that the company continues to add prospective ground along strike from Hardrock, in our view, although it is still early days for Viper and we do not expect to see drill results before Q2/15. . .we estimate Premier will finish Q1/14 with about $65M in cash and equivalents and believe the company is well funded for 2014."

Rob Chang, Cantor Fitzgerald (4/23/14) "Premier Gold Mines Ltd. has announced that it will begin exploration to test two highly prospective open pit target areas along strike from the company's 100%-owned Hardrock project. . .the Bankfield West and Viper target areas represent an opportunity to discover new open pittable ounces that could further support resource growth; moreover, the exploration represents an opportunity to leverage both infrastructure and scale when considered in relation to the Hardrock project. We continue to view Premier Gold as an undervalued gold exploration/development company with notable assets in three excellent to world-class gold camps."

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."

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 Canada (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."

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