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News Breaks | | | | January 23, 2013 | | 07:15 EDT |  | PPP | Primero Mining guides 2013 production up 17%
In 2013, Primero expects to increase production to between 120,000 and 130,000 gold equivalent ounces, up to 17% higher than 2012, based on higher throughput at slightly higher grades. Production is expected to ramp-up at the end of the first quarter when the current maximum milling capacity of 2,150 TPD is achieved. Cash costs for 2013 are expected to be in the range of $620 to $640 per gold equivalent ounce or between $280 and $300 per gold ounce on a by-product basis, similar to or below 2012 cash costs. | |
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| May 21, 2013 | | 07:14 EDT | | PPP | Primero Mining announces exploration results at San Dimas mine
Primero Mining announced results of recent drilling at its San Dimas mine in Mexico. Results indicate that the Victoria vein, discovered in 2012, extends into an adjacent ore block and that the Alexa vein, also discovered in 2012, continues west. These discoveries support the company's belief that this region has become a new nucleus of high-grade gold and silver mineralization capable of supporting future mining at the San Dimas mine. The company is systematically targeting mineralization located in close proximity to existing infrastructure along the prolific central corridor. The company's planned $15M 2013 exploration program includes 74,000 metres of diamond drilling, broken into 34,000 metres of exploration drilling and 40,000 metres of delineation drilling. In addition, the company is undertaking 3,800 metres of exploration drifting. | | | May 15, 2013 | | 12:00 EDT |  | PPP | Primero Mining falls 7.5%
Primero Mining is down 7.5%, or 41c, to $5.07 | | | May 8, 2013 | | 08:00 EDT | | PPP | Primero Mining announces merger approved by Federal Court of Australia
Primero Mining announced that the Federal Court of Australia has today made orders approving the acquisition of Cerro Resources NL by Primero. Approval includes the spinout of Cerro's non-Cerro del Gallo assets of which Primero will own 19.99%. The transaction is expected to close at the end of May as previously announced. | | | 07:06 EDT |  | PPP | Primero Mining reports Q1 adjusted EPS 10c, consensus 7c
Reports Q1 revenue $46.3M vs. $44M last year. | |
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