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Premier Gold Ranks 23rd in Canadian
Business Small Cap 300
Premier Gold Mines
Limited is
pleased to announce that it has been ranked 23rd amongst 300 small cap
companies (as of April 3,2009) in all industries, that trade on the TSX and
TSX Venture exchanges. The Small Cap 300 is a subset of the larger Canadian
Business 500, a survey of Canada's 500 largest publicly traded companies
(by market capitalization), which ranks stocks by return, market value,
performance, debt and analyst ratings. For the past 10 years, Canadian
Business Magazine has kept investors informed about market performers and
rising stars in the Canadian financial markets.
When compared to its peers in the Metals & Mining sub-group of this
small cap index, Premier's ranking improved to 10th. In the 2008 year-end
rankings, Premier was listed at 95th and 14th respectively.
When asked to comment on the ranking, Ewan Downie, President & CEO of
Premier stated "This speaks volumes to the quality of our properties,
our business model and our people. All members of our team should be proud
of this achievement, particularly in light of the state of the world
markets in 2008."
Since its trading inception on August 22nd , 2006, Premier shares have
appreciated some 75%. Since the beginning of 2009, the stock has climbed
62%. Indeed, since the April 3rd rankings were compiled, Premier's shares
have climbed a further 24%.
"Premier has quickly returned to the upper tier of its historic
trading range" added Downie, also noting that, " Our aggressive
exploration program in 2009 is helping to ensure we generate a pipeline of
quality results welcomed by a market hungry for good news."
Premier will have up to 8 diamond drills active on four key Northwestern
Ontario projects during the summer months, in what is part of $15 million
exploration program planned for the year.
Pick up the latest Canadian Business magazine or keep watch on line for the
updated list.
Premier Gold Mines Limited is a well-financed Canadian-based mineral
exploration and development company with several advanced stage projects
and deposits in Northwestern Ontario and a joint venture in Mexico. In the
Red Lake gold mining camp, two projects are operated in joint venture with
Red Lake Gold Mines, and another, adjacent to the Red Lake Gold Mines
complex, is operated on a 100% basis. The company has recently announced
high grade gold discoveries on its PQ-North project, a strategic project
located on the main Musselwhite Gold Mine trend and owns a 70% interest in
the Hardrock Project, an advanced-stage gold project in the Geraldton
Mining District.
For further information, please contact:
Ewan Downie, President & CEO Phone: 807-346-1390 Fax: 807-346-0100
e-mail: Info@premiergoldmines.com Web Site: www.premiergoldmines.com
The
statements made in this Press Release may contain forward-looking
statements that may involve a number of risks and uncertainties. Actual
events or results could differ materially from the Company's expectations
and projections.
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