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Stock Market & Financial Investment News

News Breaks
January 23, 2013
07:14 EDTPPPPrimero Mining produces 26,300 gold equivalent ounces in Q4
Primero Mining said it produced 26,300 gold equivalent ounces during Q4. This resulted in annual 2012 production of 111,130 gold equivalent ounces, within the company's increased guidance range of 110,000 to 120,000 gold equivalent ounces. The company produced 23,140 ounces of gold and 1.31 million ounces of silver in Q4, 15% and 10% higher, respectively, than the Q4 of 2011, due mainly to higher throughput. This resulted in the company producing 87,899 ounces of gold and 5.13M ounces of silver in full year 2012, 10% and 12% higher than 2011 respectively.
News For PPP From The Last 14 Days
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July 28, 2015
17:02 EDTPPPPrimero Mining reports fatal accident at San Dimas mine
Primero Mining regrets to report a fatal accident involving a Primero employee that occurred at its San Dimas mine in Mexico Monday. The accident took place while assisting with underground support rehabilitation, and was an isolated incident. The company is working with the local authorities, which have commenced an investigation while normal operations at the mine continue.
July 20, 2015
07:11 EDTPPPPrimero expects to replace FY15 production with drilling from 1H15
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. 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. Additionally, the company has approved $6.1M in capital expenditures to advance a ramp to access the Deep Central Zone at Black Fox. "Our 2015 exploration program has been very successful so far," commented Joseph F. Conway, CEO. "Exploration drilling during the first half of 2015 is expected to have already replaced our estimated full-year production at both Black Fox and San Dimas. Drilling at the Black Fox mine has expanded the mineralization in the Deep Central Zone and importantly indicates that mineralization is continuous between the current production level and at least 800 metres below surface. Exploration has been focused on delineating mineralization between the current 560 metre production level, which has an average grade of approximately 6.0 grams per tonne, and the Deep Central Zone with higher-grade mineralization extending to 800 metres, currently with an average grade of approximately 8.5 grams per tonne. As we continue to drill deeper at Black Fox we are encountering higher average grades and wider continuity, which is very promising for the future of the mine. In addition, drilling at San Dimas continues to expand the recently discovered Jessica vein and also delineate other high-grade veins such as Victoria and Perez."

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