Toronto-listed Premier Gold mines is considering spinning out its US subsidiary that holds its assets in Nevada into a stand-alone, US-domiciled, publicly listed gold company.
The spin out will include the South Arturo and McCoy-Cove properties, the company says, adding that its US subsidiary is also considering additional acquisition opportunities.
“Premier has assembled a high-quality portfolio of assets spanning exploration to mining operations and we believe the market is not fully valuing the sum of the parts. This is one option we are considering to change that,” says Premier president and CEO Ewan Downie.