Asset Report

Mercedes gold mine

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06 September 2018

Mercedes gold mine

Report summary

Mercedes has been a historically high-cost operation. Yamana wrote down the value of the mine by US$559 million in 2015. In October 2016, Premier Gold Mines purchased the mine for US$123 million in cash plus six million of its shares and a 1% Net Smelter Royalty payable earlier of six years or a gold equivalent production of 450koz. 

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