In this article I'll have a closer look at Primero Mining (PPP), a gold producer with operations in Mexico where the company acquired an asset from Goldcorp (GG) llo project in Mexico, Goldcorp holding the remaining balance. Cerro Del Gallo holds a resource of 2.3 million gold-equivalent ounces (including 1 million ounces in the reserve category) and should be Primero's next step to grow towards the midtier producer status. Primero seems to be very well placed to expand its current production profile through internally generated cash flow.
I'll first give a general overview of the company and discuss the company's expansion plans. Thereafter I'll move over the balance sheet and some cash flow simulations...
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