Diligence memo · auto-generated · as of July 2, 2026
Premier Gold Mines Ltd
Premier Gold Mines Ltd looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Premier Gold Mines Ltd operates in Mining & Resources, based in THUNDER BAY.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Premier Gold Mines Ltd has raised $37M in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $24M on 2010-06-15.
Most recent recorded round closed around 2020-03-04.
Valuation (modeled)modeled
Provath models Premier Gold Mines Ltd at approximately $11M (range $5.3M–$41M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Historic cadence: a new round about every 30 months.
Last raise 6.3 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.8× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 95% of Mining & Resources peers (701 compared).
Modeled value ranks above 79% of those peers.
Closest niche peers: Blockware Mining, LLC, Universe Exploration Co, Metal Oxide Technologies LLC, GS Mining Co LLC, Hunter Douglas Metals LLC.
Peoplefiled
24 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.