Primero Mining +5.6% after topping 2013 guidance, sees more gains in '14

|About: Primero Mining Corp. New Or... (PPP)|By:, SA News Editor

Primero Mining (PPP +5.6%) powers higher after saying it exceeded its 2013 production and cost guidance, and it expects a further 15% output increase in 2014.

Q4 production of 34.3K gold equiv. oz. resulted in record annual 2013 production of 143.1K gold equiv. oz., 29% higher than 2012.

Estimated annual 2013 cash costs fell 6% Y/Yr 2012, with all-in sustaining costs estimated at $1,072/oz.

Production at San Dimas is expected to increase again in 2014 by up to 15% to 155K-165K gold equiv. oz.