08:22 AM EDT, 07/09/2020 (MT Newswires) -- Premier Gold Mines (PG.TO) on Thursday said its Greenstone Gold Mines joint venture with Centerra Gold (CG.TO) received federal environmental approval for its Hardrock gold mine project in northern Ontario.

The company said the Hardrock permitting was streamlined by the government, shaving 10 months off the normal approval process.

"This approval represents a major environmental permitting milestone that is required in order for this long life, cornerstone project to become a reality," executive chairman John Begeman said in a release.

Premier shares closed up C$0.18 to C$2.46 Wednesday on the Toronto Stock Exchange.

Price: 2.4600, Change: +0.1800, Percent Change: +7.89