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News Breaks | | | | February 21, 2013 | | 07:24 EDT |  | PPP | Primero Mining sees FY13 production up 17% to 120K-130K gold equivalent ounces
Production is expected to ramp-up at the end of Q1 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-$640 per gold equivalent ounce or between $280-$300 per gold ounce on a by-product basis, similar to or below 2012 cash costs. Capital expenditures during 2013 are expected to be approximately $42M excluding capitalized exploration costs. Underground development capital and sustaining capital remain at similar levels to 2012. Underground development in 2013 will again be focused in the main mining, Central Block and Sinaloa Graben, blocks. In 2013 the majority of the ore is anticipated to come from the Central Block with approximately 30% from the higher-grade Sinaloa Graben block. | |
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News For PPP From The Last 14 Days Check below for free stories on PPP the last two weeks. |
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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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