07:24 AM EDT, 04/02/2020 (MT Newswires) -- Premier Gold Mines (PG.TO) said overnight Wednesday that the Mercedes mine is finalizing steps to place the mine into care and maintenance as part of COVID-19 action and as a result of the Mexican federal government mandate to suspend operations of non-essential businesses until April 30.

Amid the uncertainty surrounding the pandemic, the company has withdraw production guidance for 2020. But, mining activities at South Arturo are continuing without interruption to date.

Premier will continue to monitor the situation and adjust operations, according to a statement.

Further, the gold producer has no known or suspected cases of COVID-19 infection among mine personnel to date.

Shares on Wednesday edged up 4.2% to $1.24 apiece in a 52-week range of $0.85 - 2.55.