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Stock Market & Financial Investment News

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January 13, 2014
07:11 EDTPPPPrimero Mining reports Q4 production of 34,371 gold equivalent ounces
Primero produced 34,371 gold equivalent ounces during Q4, or 29,097 ounces of gold and 1.60M ounces of silver. This resulted in record production of 143,114 gold equivalent ounces in 2013, or 111,983 ounces of gold and 6.05M ounces of silver, a 29% increase over 2012 production, exceeding the company's increased guidance range of 135,000 to 140,000 gold equivalent ounces. The company said it reduced total cash costs for 2013 to an expected $599 per gold equivalent ounce. This is 6% lower than 2012 and below the latest cost guidance range of $620 to $640 per gold equivalent ounce. Cash costs on a by-product bases were $389 per gold ounce, 6% higher than 2012 due to lower realized silver prices. Q4 cash costs are expected to be $660 per gold equivalent ounce, or $550 per gold ounce on a by-product basis. Full year all-in sustaining costs in 2013 are expected to be approximately $1,072 per ounce.
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March 18, 2015
07:21 EDTPPPPrimero Mining reports discovery of high-grade vein at San Dimas mine
Primero Mining reported the discovery of a new high-grade vein intersected by existing infrastructure at its San Dimas mine located in Durango, Mexico. The vein's channel samples average 10.4 g/t gold and 1,606 g/t silver over 1.4 metres along 98 metres of exposed vein. Drilling has further defined the Victoria vein as two narrower veins, recent intercepts include 49.7 g/t gold and 270 g/t silver over 1.1 metres. The new discoveries at the mine have resulted in a steady increase in its gold reserves and also its average gold reserve grade, by 62% and 27%, respectively, since 2011. The location of the Jessica vein is also important as it is connected to existing infrastructure.
07:18 EDTPPPPrimero Mining expects 2015 production increasing to 175K-185K Aug eq oz
07:17 EDTPPPPrimero Mining reports 2014 year-end gold Mineral Reserves down 9%
Primero Mining announced 2014 year-end gold Mineral Reserves declined by 9% from 2013 to 1.9M ounces of gold, mainly as a result of higher cut-off grades applied at Black Fox and San Dimas, combined with the impact of previously disclosed decline in ounces in the Black Fox open-pit. Gold Mineral Reserve grade at its platform San Dimas mine in Mexico was up 4% to 5.7 g/t, while underground gold Mineral Reserve grade was up 19% in to 7.5 g/t at its Black Fox mine near Timmins, Ontario. Primero has increased 2014 year-end gold and silver Measured and Indicated Mineral Resources by 1% and 4%, respectively, over 2013 year-end to include 3.2M ounces of gold and 82.5M ounces of silver. The company's 2015 $19M exploration program is focused on delineation in the first half of the year. Assuming success, the company may approve additional exploration expenditures for 2H15. The 2015 exploration program currently comprises 130,000 metres of drilling and 1,350 metres of exploration drifting.

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