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Premier Gold Mines

TSX:PG
Snowflake Description

Adequate balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PG
TSX
CA$360M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Premier Gold Mines Limited explores for, develops, and produces gold and silver deposits in Canada, the United States, and Mexico. The last earnings update was 11 days ago. More info.


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PG Share Price and Events
7 Day Returns
-2.3%
TSX:PG
-0.1%
CA Metals and Mining
0.9%
CA Market
1 Year Returns
-43.2%
TSX:PG
-7%
CA Metals and Mining
-0.2%
CA Market
PG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Premier Gold Mines (PG) -2.3% -10% 9.6% -43.2% -46.2% -18.2%
CA Metals and Mining -0.1% 2.7% 11.6% -7% 7.6% -24.1%
CA Market 0.9% 2.2% 10.5% -0.2% 15.7% 4.9%
1 Year Return vs Industry and Market
  • PG underperformed the Metals and Mining industry which returned -7% over the past year.
  • PG underperformed the Market in Canada which returned -0.2% over the past year.
Price Volatility
PG
Industry
5yr Volatility vs Market

PG Value

 Is Premier Gold Mines undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Premier Gold Mines. This is due to cash flow or dividend data being unavailable. The share price is CA$1.71.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Premier Gold Mines's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Premier Gold Mines's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:PG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.10
TSX:PG Share Price ** TSX (2019-03-15) in CAD CA$1.71
TSX:PG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.75 $1.28
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.41x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.84x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Premier Gold Mines.

TSX:PG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:PG Share Price ÷ EPS (both in USD)

= 1.28 ÷ -0.10

-12.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Premier Gold Mines is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Premier Gold Mines is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Premier Gold Mines's expected growth come at a high price?
Raw Data
TSX:PG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -12.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
96%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.69x
Canada Market PEG Ratio Median Figure of 251 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Premier Gold Mines, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Premier Gold Mines's assets?
Raw Data
TSX:PG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $1.42
TSX:PG Share Price * TSX (2019-03-15) in CAD CA$1.71
TSX:PG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.75 $1.28
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.45x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.57x
TSX:PG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:PG Share Price ÷ Book Value per Share (both in USD)

= 1.28 ÷ 1.42

0.91x

* Primary Listing of Premier Gold Mines.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Premier Gold Mines is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Premier Gold Mines's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Premier Gold Mines has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PG Future Performance

 How is Premier Gold Mines expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
96%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Premier Gold Mines expected to grow at an attractive rate?
  • Premier Gold Mines's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Premier Gold Mines's earnings growth is expected to exceed the Canada market average.
  • Premier Gold Mines's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:PG Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:PG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 96%
TSX:PG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 18.9%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.4%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:PG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:PG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 190 55 12 2
2020-12-31 155 61 1 2
2019-12-31 107 -3 -13 3
TSX:PG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 114 -11 -20
2018-09-30 126 -8 -13
2018-06-30 145 17 -10
2018-03-31 177 31 11
2017-12-31 200 64 16
2017-09-30 279 142 41
2017-06-30 236 97 34
2017-03-31 177 76 14
2016-12-31 112 43 -1
2016-09-30 11 -35 -29
2016-06-30 -21 -21
2016-03-31 -14 -15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Premier Gold Mines's earnings are expected to grow significantly at over 20% yearly.
  • Premier Gold Mines's revenue is expected to grow by 18.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:PG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Premier Gold Mines Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.06 0.09 0.02 2.00
2020-12-31 0.01 0.09 -0.08 2.00
2019-12-31 -0.06 -0.05 -0.07 2.00
TSX:PG Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.10
2018-09-30 -0.07
2018-06-30 -0.05
2018-03-31 0.05
2017-12-31 0.08
2017-09-30 0.20
2017-06-30 0.17
2017-03-31 0.08
2016-12-31 0.00
2016-09-30 -0.16
2016-06-30 -0.12
2016-03-31 -0.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Premier Gold Mines is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Premier Gold Mines's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Premier Gold Mines has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PG Past Performance

  How has Premier Gold Mines performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Premier Gold Mines's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Premier Gold Mines does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Premier Gold Mines's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Premier Gold Mines's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Premier Gold Mines's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Premier Gold Mines Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 113.87 -20.43 34.33
2018-09-30 125.63 -13.39 34.52
2018-06-30 144.81 -9.60 34.90
2018-03-31 176.84 10.91 37.05
2017-12-31 200.31 16.17 36.86
2017-09-30 279.36 41.43 40.96
2017-06-30 235.89 34.45 41.30
2017-03-31 177.49 14.46 40.53
2016-12-31 112.05 -0.54 37.38
2016-09-30 10.60 -28.70 36.00
2016-06-30 -21.01 37.59
2016-03-31 -14.51 33.40
2015-12-31 17.87 28.07
2015-09-30 19.30 26.57
2015-06-30 1.22 26.23
2015-03-31 -25.06 26.18
2014-12-31 -54.72 29.36
2014-09-30 -60.12 24.12
2014-06-30 -52.29 18.90
2014-03-31 -45.92 12.43
2013-12-31 -27.50 9.36
2013-09-30 -14.73 9.96
2013-06-30 -11.86 10.45
2013-03-31 10.28 12.36
2012-12-31 -12.68 11.84
2012-09-30 -18.76 13.48
2012-06-30 -18.92 15.47
2012-03-31 -17.88 13.34

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Premier Gold Mines has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Premier Gold Mines has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Premier Gold Mines improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Premier Gold Mines's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Premier Gold Mines has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PG Health

 How is Premier Gold Mines's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Premier Gold Mines's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Premier Gold Mines is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Premier Gold Mines's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Premier Gold Mines's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Premier Gold Mines has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Premier Gold Mines Company Filings, last reported 2 months ago.

TSX:PG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 287.84 0.00 43.99
2018-09-30 295.52 0.00 56.53
2018-06-30 297.02 0.05 67.92
2018-03-31 306.37 19.64 98.64
2017-12-31 308.49 19.21 103.36
2017-09-30 310.70 42.22 138.38
2017-06-30 300.96 41.34 122.25
2017-03-31 285.72 40.43 112.96
2016-12-31 278.07 41.55 91.40
2016-09-30 261.60 42.61 34.92
2016-06-30 211.32 12.67 38.01
2016-03-31 202.09 6.14 39.29
2015-12-31 202.03 6.02 55.24
2015-09-30 199.15 5.89 58.49
2015-06-30 202.61 5.85 69.30
2015-03-31 179.27 5.73 88.66
2014-12-31 174.60 5.62 31.02
2014-09-30 296.40 5.50 33.39
2014-06-30 313.61 0.19 54.68
2014-03-31 329.85 9.08 64.27
2013-12-31 336.80 9.21 65.83
2013-09-30 359.07 9.27 79.63
2013-06-30 357.21 8.88 90.01
2013-03-31 391.95 18.63 132.06
2012-12-31 415.79 18.57 87.47
2012-09-30 330.65 46.16 57.07
2012-06-30 321.52 35.52 58.92
2012-03-31 328.61 9.63 85.19
  • Premier Gold Mines has no debt.
  • Premier Gold Mines has no debt compared to 5 years ago when it was 2.7%.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Information is not available.
  • Unable to confirm if Premier Gold Mines has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Premier Gold Mines's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Premier Gold Mines has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PG Dividends

 What is Premier Gold Mines's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Premier Gold Mines dividends.
If you bought CA$2,000 of Premier Gold Mines shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Premier Gold Mines's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Premier Gold Mines's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:PG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:PG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Premier Gold Mines has not reported any payouts.
  • Unable to verify if Premier Gold Mines's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Premier Gold Mines's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Premier Gold Mines has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Premier Gold Mines's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Premier Gold Mines afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Premier Gold Mines has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PG Management

 What is the CEO of Premier Gold Mines's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ewan Downie
COMPENSATION $1,793,149
AGE 51
TENURE AS CEO 12.8 years
CEO Bio

Mr. Ewan Stewart Downie has been the Chief Executive Officer and President of Premier Gold Mines Limited, a subsidiary of Wolfden Resources Inc. (Zinifex Canada Inc) since May 29, 2006. Mr. Downie founded Vytyl Exploration Services, Ltd. in 1989 and has been its Owner since 1989. He served as the President at Zinifex Canada Inc. (formerly, Wolfden Resources Inc.) from May 11, 2007 to October 2008. He has over 25 years of experience in the exploration and mining industry. He served as the President and Secretary at Premier Royalty, Inc. (also known as Premier Royalty Corporation). He served as the President of Marksmen Capital Inc, since March 11, 2008. He founded MMG Resources Inc. and served as its President and Chief Executive Officer from October 1995 to July 2007. He was a Principal Member of the Zinifex Canada Inc. He served as a Vice President of Sabina Gold & Silver Corp. (formerly, Sabina Resources Ltd.) from December 13, 2004 to 2007. He served as President and Chief Executive Officer of Wolfden Resources Inc. (mining company) from 1997 to May 2007. He has been the Chairman of the Board at Wolfden Resources Corporation since April 23, 2010. He serves as the Chairman of the Board at MMG Resources Inc. He has been the Chairman of Skybridge Development Corp. since May 26, 2008. He served as the Chairman of Premier Royalty, Inc., from December 4, 2012 to May 14, 2013. He served as the Chairman for Source Exploration Corporation from January 2011 to September 5, 2012. He served as the Chairman for Mega Precious Metals Inc. (formerly, Mega Silver Inc.) since June 1, 2009. He served as the Chairman of Sabina Gold & Silver Corp. He has been a Director of Wolfden Resources Corporation since August 12, 2009. He has been a Director of Premier Gold Mines Limited since May 29, 2006 and Mega Precious Metals Inc. since May 27, 2009. He serves as a Director of Alyris Gold Corporation. He has been a Director of Skybridge Development Corp. since May 26, 2008. He serves as a Director at several other exploration companies, including Source Exploration Inc., Newstrike Resources Inc., and Zinifex Canada Inc. He served as Director of Bridgeport Ventures Inc. since December 5, 2012. He served as a Director of Premier Royalty, Inc., from December 4, 2012 to May 14, 2013 and Newstrike Resources Ltd. from 2004 to April 2014. He served as an Executive Director of Sabina Gold & Silver Corp. from November 30, 2002 to May 2008 and Benton Capital Corp. (also known as Benton Resources Corp.) from December 8, 2003 to May 2012. He served as a Director of Gold Standard Ventures Corp. from July 13, 2010 to June 2012. He served as a Director of PC Gold Inc. from May 13, 2008 to August 2008. He served as Director of Marksmen Capital Inc. since March 11, 2008. He served as a Director of Halo Resources Ltd from May 31, 2004 to May 21, 2009. He served as a Director of Pediment Exploration Ltd. from February 2005 to August 2008 and Pediment Gold Corp. from February 28, 2005 to August 2008. He served as a Director of Anaconda Gold Corp. (now Anaconda Mining Inc.) from May 22, 2003 to May 2008. He served as a Director of King's Bay Gold Corp. and Source Exploration Corp. since August 1, 2008. He is a Mineral exploration contractor. He is the 2003 recipient of the Prospectors and Developers Association of Canada’s Bill Dennis Prospector of the year award and 2003 recipient of the Developer of the year award from the Northwest Ontario Prospectors Association. He received the Bernie Schnieders Discovery of the Year Award for 2005. Mr. Downie attended Business Administration at Lakehead University and also holds a diploma from Seneca College, King City, Ontario.

CEO Compensation
  • Ewan's compensation has increased whilst company is loss making.
  • Ewan's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Premier Gold Mines management team in years:

6.8
Average Tenure
51
Average Age
  • The average tenure for the Premier Gold Mines management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

John Begeman

TITLE
Executive Chairman
COMPENSATION
$1M
AGE
64

Ewan Downie

TITLE
President
COMPENSATION
$2M
AGE
51
TENURE
12.8 yrs

Steve Filipovic

TITLE
Chief Financial Officer
COMPENSATION
$868K
AGE
49
TENURE
6.8 yrs

Brent Kristof

TITLE
Senior Vice President of Operations
COMPENSATION
$877K
TENURE
2.3 yrs

Stephen McGibbon

TITLE
Executive Vice President of Corporate & Project Development
COMPENSATION
$710K
AGE
59
TENURE
7.6 yrs

Shaun Drake

TITLE
Secretary
AGE
51

Matt Gollat

TITLE
Vice President of Business Development
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the Premier Gold Mines board of directors in years:

4.5
Average Tenure
55
Average Age
  • The tenure for the Premier Gold Mines board of directors is about average.
Board of Directors

John Begeman

TITLE
Executive Chairman
COMPENSATION
$1M
AGE
64
TENURE
3.8 yrs

Ewan Downie

TITLE
President
COMPENSATION
$2M
AGE
51
TENURE
12.8 yrs

John Seaman

TITLE
Director
COMPENSATION
$165K
AGE
50
TENURE
12.8 yrs

Claude Lemasson

TITLE
Lead Independent Director
COMPENSATION
$155K
AGE
53

Mike Vitton

TITLE
Director
COMPENSATION
$160K
AGE
61
TENURE
5.3 yrs

Ron Little

TITLE
Director
COMPENSATION
$160K
AGE
55
TENURE
3.7 yrs

Tony Makuch

TITLE
Director
COMPENSATION
$155K
AGE
60
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Premier Gold Mines insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
15. Mar 19 Buy Ewan Downie Individual 14. Mar 19 15. Mar 19 40,000 CA$1.73 CA$68,529
13. Mar 19 Buy Ewan Downie Individual 13. Mar 19 13. Mar 19 25,000 CA$1.76 CA$44,000
12. Mar 19 Buy Ewan Downie Individual 12. Mar 19 12. Mar 19 25,000 CA$1.76 CA$44,000
04. Feb 19 Buy Orion Mine Finance Company 31. Jan 19 31. Jan 19 7,000,000 CA$1.58 CA$11,056,501
06. Dec 18 Buy Brent Kristof Individual 03. Dec 18 03. Dec 18 20,000 CA$1.53 CA$30,528
06. Dec 18 Buy John Seaman Individual 06. Dec 18 06. Dec 18 10,000 CA$1.40 CA$14,000
05. Dec 18 Buy John Seaman Individual 05. Dec 18 05. Dec 18 10,000 CA$1.45 CA$14,500
05. Dec 18 Buy Ewan Downie Individual 04. Dec 18 05. Dec 18 25,000 CA$1.53 CA$37,464
29. Nov 18 Buy John Begeman Individual 29. Nov 18 29. Nov 18 2,000 CA$1.55 CA$3,108
27. Nov 18 Buy Ewan Downie Individual 27. Nov 18 27. Nov 18 15,000 CA$1.48 CA$22,125
22. Nov 18 Buy Ewan Downie Individual 22. Nov 18 22. Nov 18 8,000 CA$1.64 CA$13,120
21. Nov 18 Buy Ewan Downie Individual 20. Nov 18 20. Nov 18 7,000 CA$1.65 CA$11,550
20. Nov 18 Buy Matthew Gollat Individual 20. Nov 18 20. Nov 18 10,000 CA$1.62 CA$16,123
15. Nov 18 Buy Ewan Downie Individual 15. Nov 18 15. Nov 18 20,000 CA$1.68 CA$33,350
19. Nov 18 Buy Ewan Downie Individual 19. Nov 18 19. Nov 18 10,000 CA$1.64 CA$16,400
19. Nov 18 Buy Ewan Downie Individual 16. Nov 18 16. Nov 18 16,800 CA$4.77 CA$33,711
23. Oct 18 Buy Ronald Little Individual 22. Oct 18 22. Oct 18 30,000 CA$1.89 CA$56,700
27. Sep 18 Buy Ewan Downie Individual 27. Sep 18 27. Sep 18 5,000 CA$1.75 CA$8,750
26. Sep 18 Buy Ewan Downie Individual 26. Sep 18 26. Sep 18 5,000 CA$1.82 CA$9,100
25. Sep 18 Buy Matthew Gollat Individual 25. Sep 18 25. Sep 18 5,000 CA$1.83 CA$9,150
24. Sep 18 Buy Stephen McGibbon Individual 24. Sep 18 24. Sep 18 10,000 CA$1.89 CA$18,900
20. Aug 18 Buy Ewan Downie Individual 20. Aug 18 20. Aug 18 7,500 CA$1.97 CA$14,732
20. Aug 18 Buy Ewan Downie Individual 17. Aug 18 17. Aug 18 7,500 CA$1.98 CA$14,883
16. Aug 18 Buy Ewan Downie Individual 16. Aug 18 16. Aug 18 12,500 CA$1.93 CA$24,125
15. Aug 18 Buy Kerri Chaboyer-Jean Individual 15. Aug 18 15. Aug 18 4,800 CA$1.97 CA$9,456
15. Aug 18 Buy Ewan Downie Individual 15. Aug 18 15. Aug 18 15,000 CA$2.02 CA$29,372
14. Aug 18 Buy Ewan Downie Individual 14. Aug 18 14. Aug 18 10,000 CA$2.07 CA$20,695
10. Aug 18 Buy Ewan Downie Individual 10. Aug 18 10. Aug 18 10,000 CA$2.14 CA$21,160
23. Jul 18 Sell Matthew Gollat Individual 23. Jul 18 23. Jul 18 -2,500 CA$2.70 CA$-6,750
11. Jun 18 Buy Ewan Downie Individual 08. Jun 18 11. Jun 18 12,500 CA$2.66 CA$32,769
17. May 18 Buy John Seaman Individual 17. May 18 17. May 18 10,000 CA$2.68 CA$26,766
15. May 18 Buy Kerri Chaboyer-Jean Individual 15. May 18 15. May 18 2,000 CA$2.84 CA$5,670
02. Apr 18 Buy Ewan Downie Individual 02. Apr 18 02. Apr 18 20,000 CA$2.82 CA$56,400
X
Management checks
We assess Premier Gold Mines's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Premier Gold Mines has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PG News

Simply Wall St News

Is Premier Gold Mines Limited's (TSE:PG) Balance Sheet A Threat To Its Future?

The direct benefit for Premier Gold Mines Limited (TSE:PG), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … Does PG's growth rate justify its decision for financial flexibility over lower cost of capital … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital.

Simply Wall St -

How Much Are Premier Gold Mines Limited (TSE:PG) Insiders Spending On Buying Shares?

So we'll take a look at whether insiders have been buying or selling shares in Premier Gold Mines Limited (TSE:PG). … Premier Gold Mines Insider Transactions Over The Last Year. … In the last twelve months there was more buying than selling by Premier Gold Mines insiders

Simply Wall St -

Does The Premier Gold Mines Limited (TSE:PG) Share Price Tend To Follow The Market?

If you're interested in Premier Gold Mines Limited (TSE:PG), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

How Many Premier Gold Mines Limited (TSE:PG) Shares Do Institutions Own?

Every investor in Premier Gold Mines Limited (TSE:PG) should be aware of the most powerful shareholder groups. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Premier Gold Mines is not a large company by global standards.

Simply Wall St -

Should You Worry About Premier Gold Mines Limited's (TSE:PG) CEO Pay?

Ewan Downie has been the CEO of Premier Gold Mines Limited (TSE:PG) since 2006. … Our data indicates that Premier Gold Mines Limited is worth CA$394m, and total annual CEO compensation is US$2m. … Thus we can conclude that Ewan Downie receives more in total compensation than the median of a group of companies in the same market, and of similar size to Premier Gold Mines Limited

Simply Wall St -

Does Premier Gold Mines Limited (TSE:PG) Fall With The Market?

If you are looking to invest in Premier Gold Mines Limited’s (TSE:PG), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market. … A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one.

Simply Wall St -

Who Owns Most Of Premier Gold Mines Limited (TSE:PG)?

Today, I will be analyzing Premier Gold Mines Limited’s (TSE:PG) recent ownership structure, an important but not-so-popular subject among individual investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … Therefore, it is beneficial for us to examine PG's ownership structure in more detail.

Simply Wall St -

Why Premier Gold Mines Limited (TSE:PG) Delivered An Inferior ROE Compared To The Industry

and want to begin learning the link between Premier Gold Mines Limited (TSE:PG)’s return fundamentals and stock market performance. … Premier Gold Mines Limited’s (TSE:PG) most recent return on equity was a substandard 3.56% relative to its industry performance of 11.25% over the past year. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into PG's past performance

Simply Wall St -

Should You Buy Premier Gold Mines Limited (TSX:PG) Now?

A question to answer is whether PG's current trading price of CA$3.63 reflective of the actual value of the small-cap? … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … If you believe PG should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable.

Simply Wall St -

What is Behind Premier Gold Mines Limited's (TSX:PG) Superior ROE?

View our latest analysis for Premier Gold Mines What you must know about ROE Return on Equity (ROE) weighs PG’s profit against the level of its shareholders’ equity. … Since PG’s return does not cover its cost, with a difference of -4.53%, this means its current use of equity is not efficient and not sustainable. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity TSX:PG Last Perf Oct 24th 17 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.

Simply Wall St -

PG Company Info

Description

Premier Gold Mines Limited explores for, develops, and produces gold and silver deposits in Canada, the United States, and Mexico. It principally holds a 100% interest in the Mercedes Mine property located in the Southeast of Magdalena de Kino, in Sonora State, Mexico; a 40% interest in the South Arturo Mine situated in Elko County, Nevada; a 50% interest in the Greenstone Gold property, which includes the Hardrock project located in Ontario; a 100% interest in the McCoy-Cove project situated in Nevada; a 44% interest in the Rahil Bonaza project located in Northwestern Ontario; and a 100% interest in the Hasaga project situated in Red Lake Mining District, Ontario. The company was incorporated in 2006 and is headquartered in Thunder Bay, Canada.

Details
Name: Premier Gold Mines Limited
PG
Exchange: TSX
Founded: 2006
CA$359,836,124
210,430,482
Website: http://www.premiergoldmines.com
Address: Premier Gold Mines Limited
1100 Russell Street,
Suite 200,
Thunder Bay,
Ontario, P7B 5N2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX PG Common Shares The Toronto Stock Exchange CA CAD 22. Aug 2006
OTCPK PIRG.F Common Shares Pink Sheets LLC US USD 22. Aug 2006
DB P2O Common Shares Deutsche Boerse AG DE EUR 22. Aug 2006
LSE 0R3F Common Shares London Stock Exchange GB CAD 22. Aug 2006
Number of employees
Current staff
Staff numbers
487
Premier Gold Mines employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/17 23:59
End of day share price update: 2019/03/15 00:00
Last estimates confirmation: 2019/03/15
Last earnings filing: 2019/03/06
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.