Primero Mining CEO Sees Black Fox Fix Clearing Way for Expansion

Primero Mining Corp. says a fix of its troublesome Black Fox gold mine in Canada is within reach, restoring the miner’s credibility for investors while clearing the way for future expansion through acquisitions.

The Toronto-based company, which has fallen 45 percent in the past year, expects to show signs of improved performance at the northern Ontario mine this year, Chief Executive Officer Joe Conway said. In July, the company cut its gold-reserve estimate at Black Fox, which it acquired in a takeover last year to add to output from its flagship San Dimas gold and silver mine in Mexico.