Thursday, September 10, 2015

Primero Mining Corp - P.t

Primero Mining Corp - P.t is a Canadian-based gold mining company with operating mines in Canada and Mexico, and a strong portfolio of development-stage and exploration projects.

On August 5, 2015 the company released Numbers

"Primero Mining Corp. ("Primero" or the "Company") (TSX: P) (NYSE: PPP) today reported operational and financial results for the second quarter ended June 30, 2015. During the second quarter the Company reported strong production of 62,490 gold equivalent ounces1, revenue of $67.4 million, adjusted net income2 of $1.1 million ($0.01 per share) and operating cash flow before changes in working capital3 of $22.6 million ($0.14 per share).

Second Quarter Highlights:
•Strong Operating Results: Total production of 62,490 gold equivalent ounces, comprised of 36,500 ounces of gold and a record 2.15 million ounces of silver from San Dimas, and 18,362 ounces of gold from Black Fox, compared to 63,414 gold equivalent ounces in the same period of 2014.
•Solid Financial Results Despite Delayed Silver Sales: Revenue of $67.4 million, with adjusted net income2 of $1.1 million ($0.01 per share), and operating cash flow before working capital changes3 of $22.6 million ($0.14 per share).
•San Dimas Expansion Ahead of Schedule and Lower Cost: The San Dimas mine and mill expansion to 3,000 tonnes per day ("TPD") is ahead of the original schedule and is now expected to be completed for $8.7 million less than originally anticipated.
•Black Fox Deep Central Zone Provides Promising Future: Exploration results from the Black Fox Deep Central Zone encouraged the Company to advance the ramp to access the higher-grade, wider mineralization by the end of 2015.
•Exploration Continues to Add Value: Exploration results from the first half of 2015 are expected to replace Primero's estimated full-year production, encouraging the Company to extend its exploration program into the second half of the year.
•Mexican Import and Export Permits Anticipated: The Company has received verbal assurances from the Mexican authorities that its export and import permits will be reinstated at the beginning of August.