Asset report

Mercedes gold mine

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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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    Mercedes gold mine

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