04:51 PM EDT, 04/01/2019 (MT Newswires) -- Premier Gold Mines Limited (PG.TO) after trade Monday announced that the company has divested several non-core properties.

According to a statement, a total of four transactions have resulted in eight properties and one subsidiary being sold and/or optioned for total consideration of US$2.1 million. The related properties include the Geisler Property, located in the Red Lake district of Ontario, the Faymar Property in Timmins, Ontario and the Santa Teresa Property, located in Baja, Mexico. The company also entered into an option agreement for the sale of Goldstone Resources Limited, the subsidiary that holds the historic Northern Empire, Leitch and Sand River Mines, as well as other exploration-staged projects in the Beardmore, Ontario region.

As a result of these transactions, the company said it has also gained access to approximately US$1.23 million in cash which was previously restricted for reclamation obligations associated with the Northern Empire Mill.

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