10:05 AM EST, 11/13/2019 (MT Newswires) -- Premier Gold Mines (PG.TO) said Wednesday that for Q3 2019 net loss was $4.1 million ($0.02 loss per share) compared with a net loss of $1.8 million ($0.01 loss per share) in the prior year period.

The company mining company is involved in the exploration, development and production of gold and silver deposits in Canada, the United States and Mexico.

During the reported period, consolidated production was 16,484 ounces of gold and 37,856 ounces of silver compared with 20,100 ounces of gold and 89,512 ounces of silver during Q3 2018. Revenue for Q3 was $18 .7 million compared with a revenue of $27 .3 million in 2018.

CEO Ewan Downie said: "We continue to advance multiple improvements at Mercedes aimed at increasing production and reducing costs."

Downie said: "We are excited to see the addition of South Arturo to the company's production profile, which is expected to positively affect our fourth quarter."

Shares edged up less than 1.0% to $2.02 apiece in a 52-week range of $1.39 - 2.55.

Price: 2.0200, Change: +0.0100, Percent Change: +0.50