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Last C$3.39 CAD
Change Today +0.11 / 3.35%
Volume 695.8K
P On Other Exchanges
Symbol
Exchange
Toronto
New York
As of 4:00 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

primero mining corp (P) Snapshot

Open
C$3.36
Previous Close
C$3.28
Day High
C$3.42
Day Low
C$3.33
52 Week High
08/6/14 - C$8.70
52 Week Low
11/6/14 - C$3.25
Market Cap
550.7M
Average Volume 10 Days
1.1M
EPS TTM
C$-0.07
Shares Outstanding
162.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PRIMERO MINING CORP (P)

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primero mining corp (P) Details

Primero Mining Corp., a precious metals producer, engages in the acquisition, exploration, development, and operation of mineral resource properties in Canada and Mexico. The company primarily explores for gold and silver. It owns interest in the San Dimas Mine, which is located in San Dimas district, Mexico; and the Black Fox Complex that is located in the Timmins Mining District in Ontario, Canada. The company also holds interest in the Ventanas Property located in Durango state, Mexico; and the Cerro del Gallo Project located in Guanajuato state, Mexico. The company was formerly known as Mala Noche Resources Corp. and changed its name to Primero Mining Corp. in August 2010. Primero Mining Corp. is headquartered in Toronto, Canada.

primero mining corp (P) Top Compensated Officers

Chief Executive Officer, Director, Member of ...
Total Annual Compensation: C$650.0K
Chief Financial Officer and Member of Disclos...
Total Annual Compensation: C$95.6K
Chief General Counsel, Vice President, Corpor...
Total Annual Compensation: C$315.0K
Vice President of Corporate Development
Total Annual Compensation: C$280.0K
Vice President of Corporate Responsibility
Total Annual Compensation: C$272.3K
Compensation as of Fiscal Year 2014.

primero mining corp (P) Key Developments

Primero Mining Corp. Provides Update on its Recent Exploration Activities at the Black Fox Complex in Timmins, Ontario, Canada, and at the San Dimas Mine in Durango, Mexico; Provides Production Guidance for the Full Year 2015

Primero Mining Corp. provided an update on its recent exploration activities at the Black Fox Complex, located near Timmins, Ontario, Canada, and at the San Dimas mine located in Durango, Mexico. The company announced drilling results through the end of May 2015 from the Black Fox mine. These results indicate that the company has expanded the high-grade mineralization in the Deep Central Zone between the 600 metre level and the 800 metre level. This area remains open along strike and down dip and is expected to continue to expand with the results of additional drilling. The company has also materially in-filled the gap between the current mining level, at 560 metres, and the top of the Deep Central Zone at the 600 metre level. Drilling is focused on delineating the necessary tonnes per level to maximize returns for the ramp construction to this higher grade, more continuous Deep Central Zone, currently estimated at approximately 8.5 g/t. The company's Ventanas property is located in the southern part of the San Dimas district, 32 kilometres south of the productive San Dimas mine, along the western flank of the Sierra Madre Occidental mountain range in Durango State, Mexico. The Ventanas concessions cover approximately 3,470 hectares and contain 17 old mine workings. Primero continued its exploration program at Ventanas during the first half of 2015, including ramp and tunnel rehabilitation and channel sampling of the Mala Noche vein. The results continue to demonstrate significant exploration potential and the company has initiated an internal scoping study to determine the economic viability of Ventanas becoming 500 to 1,000 tonnes per day of ore feed for the San Dimas mill. The project economics will be driven by optimizing hauling costs and crushing ore at the Ventanas site. The Ventanas property is not subject to the silver purchase agreement, so all precious metals produced from Ventanas will be sold into the spot markets. The company currently estimates it could be processing Ventanas ore at the San Dimas mill within the next three years. The company is focused on rehabilitating the old workings located in the Mala Noche vein (Mala Noche and San Pedro ore shoots). Channel sampling during the first half of 2015 from the Mala Noche ore shoot (Level 10) returned an average of 2.8 g/t gold and 270 g/t silver, resulting in 6.8 g/t gold equivalent (using USD 1,200 per ounce of gold and USD 18 per ounce of silver) along 112 metres of open workings. Channel sampling from the San Pedro ore shoot returned an average of 2.3 g/t gold and 274 g/t silver, resulting in 6.4 g/t gold equivalent (using USD 1,200 per ounce of gold and USD 18 per ounce of silver) along 140 metres of open workings. Additionally, the company has approved USD 6.1 million in capital expenditures to advance a ramp to access the Deep Central Zone at Black Fox. Based on the success of its exploration activities to date, the company expects to replace its estimated full-year production with the results of exploration drilling from the first half of 2015.

Primero Mining Corp. Presents at CIBC Mining Conference, Jun-23-2015 09:00 AM

Primero Mining Corp. Presents at CIBC Mining Conference, Jun-23-2015 09:00 AM. Venue: CIBC Office, 199 Bay Street, 56th Floor, Toronto, Ontario, Canada.

Primero Mining Corp. Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015; ;Provides Production and Capital Expenditure Guidance for the Year 2015

Primero Mining Corp. reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2015. For the period, the company's revenue was $73,310,000 against $48,269,000 a year ago. Earnings from mine operations were $11,470,000 against $9,481,000 a year ago. Earnings from operations were $3,336,000 against loss of $3,871,000 a year ago. Earnings before income taxes were $8,066,000 against loss of $12,504,000 a year ago. Net income for the period was $3,584,000 or $0.02 diluted per share against loss of $8,253,000 or $0.06 diluted per share a year ago. Cash provided by operating activities was $15,264,000 against cash used in operating activities of $7,434,000 a year ago. For the period, the company's gold produced was 54,365 ounces against 32,278 ounces a year ago. Gold equivalent ounces of silver produced was 6,708 ounces against 7,480 ounces a year ago. Gold equivalent ounces produced was 61,073 ounces against 39,758 ounces a year ago. The company expects to maintain its production estimate to be between 250,000 and 270,000 gold equivalent ounces, up to 20% higher than 2014, due to increased production from San Dimas and a full year contribution from Black Fox. Total capital expenditures during 2015 are expected to be approximately $66.7 million excluding capitalized exploration costs of $18.6 million.

 

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