S&P/TSX Composite Index is down 1.68%, and the TSX Venture Exchange has lost 2.65%. Spot gold fell from yesterday’s close of $1,715.10 and is currently trading at $1,707/oz.

Gold majors Newmont Mining declined 2.06% and Barrick Gold slid 2.16%.

Prime Minister George Papandreou announced a surprise referendum on the euro zone deal that was reached last week.

Lawmakers have been rebelling against the deal and plan to launch a no-confidence vote on Friday. Without clear government leadership in Greece, the deal looks like it lacks necessary support and Greece could default and leave the euro zone sooner.
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Miners whipsawed by Greek news

The Vancouver Sun reports that the coin, which dates back to the Qing Dynasty (1662 to 1722), was discovered by archeologists near the proposed Casino mine being developed by Western Copper and Gold Corp. (TSE:WRN).

The discovery could be evidence that historic trade links existed between Canadian First Nations, Chinese merchants and Russian fur traders.

It is the third Chinese coin to be discovered in the Yukon; others have been recovered from archelological sites on the Alaska coast, The Sun reports.

Photo of the Eastern Qing Tombs, where the 5 emperors of the Qing Dynasty were buried, is by Shutterstock. 
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Ancient Chinese coin found near Yukon gold dig

The net proceeds from the Common Shares sold under the Offering will be used to fund Premier’s exploration and development activities and for general corporate purposes, including working capital. The proceeds from the Flow-Through Shares sold under the Offering will be used by the Company to incur Canadian exploration expenses (“CEE”) prior to December 31, 2012 on Premier’s Canadian properties. The Company will renounce the CEE to subscribers of the Flow-Through Shares for the year ended December 31, 2011.

About Premier

Premier Gold Mines Limited is one of North America’s leading exploration companies with a high-quality pipeline of projects focused in proven, safe and accessible mining jurisdictions in Canada and the United States. The Company’s portfolio includes significant assets in world class gold mining districts such as Red Lake, Musselwhite and Geraldton in Ontario and the Carlin Trend in Nevada.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain information that may constitute “forward-looking information” under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about the use of proceeds from the Offering, strategic plans, spending commitments, future operations, future work programs and objectives. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in Premier’s annual information form under the heading “Risk Factors”. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

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Premier Gold announces completion of $33.4 million bought deal public offering of common shares and flow-through common shares