The hydrogenation decrepitation process was employed to produce sintered magnets using a mixture of two alloys. The effect of niobium and boron content on the magnetic properties of Pr14FebalCo16BxNby-type sintered magnets was studied. Niobium and boron have a significant effect on the magnetic behavior of these permanent magnets. The optimum amount of boron was 6 at% and niobium should be kept below to 0.50 at%. The squareness factor (0.90) has been improved considerably and good overall magnetic properties (Br=1320 mT, iHc=700 kAm-1 and (BH)max=315 kJm-3) have been achieved for the sintered magnets prepared from the Pr14Fe63.85Co16B6Nb0.15 alloy.