Companies · Mining & Resources

Premier Gold Mines Ltd

THUNDER BAY · Mining & Resources · refined from filed group “Other

Diligence memoA one-page analyst read on Premier Gold Mines Ltd — recommendation, valuation, rhythm, risks.
$37.1M
Total raised · real
5
Rounds
0.6×
Latest step-up
Top 6%
Sector rank · raised
Series B
Latest stage · inferred · Wed Mar 04 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Premier Gold Mines Ltd looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the extractive sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.12× the median modeled value of Series B Mining & Resources companies in 2019–2021 (9 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.3 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Mining & Resources

Premier Gold Mines Ltd is one of 701 Mining & Resources companies tracked from THUNDER BAY. By capital raised it ranks among the largest (ahead of 95% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
60
Investors (latest)
2020-03-04
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$50M$100M$150M$200MSeries A · 2010-01-27 Raised $5.1M (real) Modeled valuation $22M (est)$5.1M$22MSeries A2010Series B · 2010-06-15 Raised $24M (real) Modeled valuation $115M (est)$24M$115MSeries B2010Series B · 2011-06-16 Raised $1.8M (real) Modeled valuation $8.8M (est)$1.8M$8.8MSeries B2011Series B · 2012-06-14 Raised $4.0M (real) Modeled valuation $19M (est)$4.0M$19MSeries B2012Series B · 2020-03-04 Raised $2.2M (real) Modeled valuation $11M (est)$2.2M$11MSeries B2020+$24M+$1.8M+$4.0M+$2.2MCumulative $37M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$5.1M · 2010
Series B$24.0M · 2010
Series B extension$1.8M · 2011
Series B extension$4.0M · 2012
Series B extension$2.2M · 2020

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$10.7M
Base estimate est.
$5.3M
Conservative case
$41.0M
Upside case
$12.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Series A · modeled $22.2M · 2010-01-272010Series B · modeled $115.2M · 2010-06-15Series B · modeled $8.8M · 2011-06-16Series B · modeled $19.2M · 2012-06-14Series B · modeled $10.7M · 2020-03-042020
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
65%
Survival probability
43% low · 79% high
1.05×/yr
Annual markup
1.27×/yr upside case
6.0 yr
Elapsed time used
6.3 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
30 mo
Avg between rounds
$3.7M/yr
Capital velocity
16.4 yr
On record since
2010
First round
5
Rounds on file
How it compares to the market

Benchmarked against 701 companies in Mining & Resources. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 16× above median
This company$37.1M
Sector median$2.3M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.4× of median
This company$2.2M
Sector median$6.3M
Modeled value — vs sector median (estimate, all stages) 4.2× above median
This company$10.7M
Sector median$2.5M

Raised more than 95% of sector peers (real $). Modeled value above 79% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #8 of 9.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Blockware Mining, LLC · Series B Raised $34.0M · modeled $163.1M (est)Universe Exploration Co · Series B Raised $43.8M · modeled $133.8M (est)Metal Oxide Technologies LLC · Series B Raised $36.1M · modeled $126.6M (est)GS Mining Co LLC · Series B Raised $26.6M · modeled $96.0M (est)Hunter Douglas Metals LLC · Series B Raised $18.0M · modeled $86.4M (est)Eurasia Mining plc · Series B Raised $34.6M · modeled $66.5M (est)Besra Gold Inc. · Series B Raised $76.8M · modeled $13.3M (est)Rubicon Minerals Corp · Series B Raised $21.9M · modeled $9.3M (est)Premier Gold Mines Ltd (this company) Raised $37.1M · modeled $10.7M (est)Premier Gold Mines Ltd
CompanyStageRaised · realValue · estvs peer med.
Blockware Mining, LLCSeries B$34.0M$163.1M1.89×
Universe Exploration CoSeries B$43.8M$133.8M1.55×
Metal Oxide Technologies LLCSeries B$36.1M$126.6M1.47×
GS Mining Co LLCSeries B$26.6M$96.0M1.11×
Hunter Douglas Metals LLCSeries B$18.0M$86.4M1.00×
Eurasia Mining plcSeries B$34.6M$66.5M0.77×
Besra Gold Inc.Series B$76.8M$13.3M0.15×
Premier Gold Mines Ltd this companySeries B$37.1M$10.7M0.12×
Rubicon Minerals CorpSeries B$21.9M$9.3M0.11×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$5.1M2010-01-27$23.1M$22.2M85%
Series B$24.0M2010-06-15$133.3M$115.2M85%
Series B$1.8M2011-06-16$10.2M$8.8M85%
Series B$4.0M2012-06-14$22.2M$19.2M85%
Series B$2.2M2020-03-04$12.3M$10.7M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$5.1M2010-01-27
    • First recorded raise — entered as Series A.
    • 2 investors on this round.
  2. Series B$24.0M2010-06-15
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round 4.7× larger than the prior — scaling up.
    • 4 investors on this round.
  3. Series B$1.8M2011-06-16
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round 13.1× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  4. Series B$4.0M2012-06-14
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
    • 1 investor on this round.
  5. Series B$2.2M2020-03-04
    • Raised again after 93 mo — slower than the ~11 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 60 investors on this round.
Intelligence
2022 ~Q3
Modeled next raise · ~30mo cadence
$2.2M
Modeled next size est.range $2.2M$3.6M
0.6×
Last step-up
$3.7M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Richard J. Hall4 other2010-06
Ewan S. Downie2 other2010-01
JOHN F COOK1 other2010-01
John S. Seaman1 other2010-01
Steve S. Filipovic1 other2020-03
Anthony S. Makuch2020-03
Claude S. Lemasson2012-06
Eberhard J. Scherkus2012-06
Eva S. Bellissimo2020-03
Henry J. Knowles2010-01
Jeanne-Pierre A. Colin2010-01
Jean-Pierre A. Colin2010-06
Jean-Pierre J. Colin2012-06
John A. Begeman2010-01
John A. Pollock2010-01
John J. Begeman2012-06
John S. Begeman2020-03
Mike S. Vitton2020-03
Paul J. Huet2012-06
Peter S. Van Alphen2020-03
Ron S. Little2020-03
Shaun A. Drake2010-06
Shaun J. Drake2012-06
Shaun S. Drake2020-03
Registry & provenance

Premier Gold Mines Ltd is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1482754
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Platinum Group Metals LtdMining & ResourcesSeries B$35.7M$12.0Msame sector · same stage
Premier Royalty CorpOtherSeed$2.9M$54.2Mnetwork3 shared operators
Orezone Gold CorpMining & ResourcesSeries B$43.9M$10.5Msame sector · same stage
Western Alaska Minerals Corp.Mining & ResourcesSeries B$28.0M$4.6Msame sector · same stage
Lost River Mining, Inc.Mining & ResourcesSeries B$51.2M$13.0Msame sector · same stage
Rubicon Minerals CorpMining & ResourcesSeries B$21.9M$9.3Msame sector · same stage
Besra Gold Inc.Mining & ResourcesSeries B$76.8M$13.3Msame sector · same stage
International Tower Hill Mines LtdMining & ResourcesSeries B$96.9M$15.1Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Gold Reserve LtdMining & ResourcesSeries C$370.6M88%
Prime Mining Corp.Mining & ResourcesPre-Seed$4.6M86%
Pure Gold Mining Inc.Mining & ResourcesSeries A$19.3M86%
Maple Gold Mines Ltd.Mining & ResourcesPre-Seed$341K86%
Goldrich Mining CoMining & ResourcesSeed$648K86%
Wealth Minerals Ltd.Mining & ResourcesSeed$2.6M85%
Sixty North Gold Mining Ltd.Mining & ResourcesPre-Seed$433K85%
Mayfair Gold Corp.Mining & ResourcesSeed$7.3M85%
Frequently asked
How much funding has Premier Gold Mines Ltd raised?
Premier Gold Mines Ltd has raised approximately $37.1M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Premier Gold Mines Ltd's estimated valuation?
Provath's modeled valuation for Premier Gold Mines Ltd is approximately $10.7M (modeled range $5.3M–$41.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Premier Gold Mines Ltd at?
Premier Gold Mines Ltd's latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Mar 04.
What does Premier Gold Mines Ltd do and where is it based?
Premier Gold Mines Ltd operates in the Mining & Resources sector, based in THUNDER BAY.
Explore related

See where Premier Gold Mines Ltd sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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