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Primero Mining Corp. New Ordinary Shares (PPP)

  • Wed, Aug. 5, 7:42 AM
    • Primero Mining (NYSE:PPP): EPS of -$0.04 misses by $0.01.
    • Revenue of $67.37M (-15.4% Y/Y) misses by $2.52M.
    • Press Release
    | Comment!
  • Wed, May 6, 7:03 AM
    • Primero Mining (NYSE:PPP): Q1 EPS of -$0.01 beats by $0.02.
    • Revenue of $73.31M (+51.9% Y/Y)
    • Press Release
    | 1 Comment
  • Wed, Apr. 8, 5:46 PM
    • McEwen Mining (NYSE:MUX) fell 5.6% in today's trade after yesterday's news that 900 kg of gold-bearing concentrate containing 7K oz. of gold - ~$8.4M in potential revenue - was stolen from its refinery in Mexico's Sinaloa state.
    • Armed robberies of significant quantities of gold are not common, but operators in northern Mexico have been targeted in the past as the region is associated with cartels and gangs.
    • The robbery raises concerns about other companies with exposure in northern Mexico, which include AGI, AUQ, CDE, PPP and TGD; among those with operations nearby are GG, PAAS, GPL, OTCPK:FNLPF and OTCQX:SMNPF.
  • Thu, Apr. 2, 10:59 AM
    • Primero Mining (PPP -2.8%) CEO Joe Conway says a fix is within reach for the company's troublesome Black Fox gold mine in Ontario, and expects to show signs of improved performance at the mine this year.
    • Once Black Fox is running smoothly, PPP will be eyeing potential acquisitions, Conway says.
    • "Black Fox really drives the bus” in terms of expectations for the share price, says a Dundee Capital analyst, who adds, “It looks like the worst has passed."
    • PPP forecasts gold production at Black Fox will rise to ~80K gold equiv. oz/year in 2015 from 73K last year; its San Dimas mine in Mexico should produce 180K oz. in 2015, although Conway says Black Fox has the potential to become "another San Dimas” as the company explores deeper.
    | Comment!
  • Thu, Feb. 12, 7:09 AM
    • Primero Mining (NYSE:PPP): Q4 EPS of -$0.03 beats by $0.02.
    • Revenue of $71.17M (+49.1% Y/Y)
    • Press Release
    | Comment!
  • Mon, Feb. 2, 7:39 AM
    • Primero Mining (NYSE:PPP) appoints Ernest Mast as President and COO, effective immediately.
    • Mast previously held leadership positions at Copper Mountain Mining and New Gold, and was President/CEO of Minera Panama, a subsidiary of Inmet Mining (now First Quantum).
    | Comment!
  • Nov. 6, 2014, 7:09 AM
    • Primero Mining (NYSE:PPP): Q3 EPS of $0 in-line.
    • Revenue of $75.5M (+40.4% Y/Y) misses by $13.57M.
    • Press Release
    | Comment!
  • Nov. 5, 2014, 11:38 AM
    • Spot gold skids to its lowest since April 2010 at $1,137/oz., below production costs for seven of 19 mining companies tracked by Bloomberg, including Harmony Gold (HMY -1.8%) and Primero Mining (PPP -2%).
    • Harmony Gold said in its Q3 earnings report that all-in sustaining costs were $1,245/oz., while Primero reported all-in sustaining costs of $1,228; the most recent data from DRDGold (DRD -6.3%), AuRico Gold (AUQ +0.6%), Golden Star Resources (GSS +0.1%) and Alamos Gold (AGI -0.5%) also show costs higher than current prices.
    • Maison Placements Canada brokerage's John Ing says a "two-tier type of market" is developing, where one tier of companies having solid assets and lower costs and another group saddled with high-cost operations and stretched balance sheets.
  • Oct. 17, 2014, 9:17 AM
    • Richmont Mines (NYSEMKT:RIC) appoints Renaud Adams as its President and CEO effective Nov. 15, replacing interim President/CEO Elaine Ellingham.
    • Adams brings 20 years of mining experience to RIC, and most recently served as President and COO at Primero Mining (NYSE:PPP), where his resignation was announced late yesterday.
    | Comment!
  • Sep. 15, 2014, 12:48 PM
    | Comment!
  • Sep. 15, 2014, 10:44 AM
    • Primero Mining (PPP +5%) says it expects to produce 220K-240K gold equiv. oz. at cash costs of $675-$725/oz. in 2014, a modest decrease in production and a modest increase in costs compared to previous estimates.
    • PPP slightly lowers production guidance for its recently acquired Black Fox complex in Ontario to 65K-75K oz. from a previous outlook for 70K-80K, at unchanged cash costs of $850-$900/oz., with all-in sustaining costs increasing to $1,400-$1,450/oz.
    • PPP also says new high-grade drilling results further expand the known mineralization at depth at Black Fox and provide additional confidence in the Grey Fox project.
    | Comment!
  • Aug. 7, 2014, 7:06 AM
    • Primero Mining (NYSE:PPP): Q2 EPS of $0.01 misses by $0.04.
    • Revenue of $79.7M (+51.9% Y/Y) misses by $8.78M.
    • Press Release
    | Comment!
  • Mar. 13, 2014, 12:36 PM
    • Primero Mining (PPP +9.2%) says it has successfully produced its annual threshold of 3.5M oz. of silver from the San Dimas mine, and will now begin selling an estimated 1.25M-1.5M oz. of silver, 50% of the silver produced at San Dimas, at spot prices for its own account until Aug. 5.
    • PPP assumed the silver purchase agreement when it acquired San Dimas in 2010, which was renegotiated for PPP to participate in the silver produced above the annual threshold amount.
  • Mar. 5, 2014, 4:54 PM
    • Primero Mining (PPP) announces a secondary offering of ~31.15M shares by Goldcorp (GG), which represent 19.8% of PPP's issued and outstanding common shares (following PPP's acquisition of Brigus Gold, completed earlier today).
    • GG will not own any PPP common shares after the offering; PPP will receive no proceeds from the offering.
    • PPP halted.
  • Mar. 3, 2014, 9:55 AM
  • Feb. 21, 2014, 10:19 AM
    • Gold miners already have recouped YTD more than a third of what they lost last year, and basic materials investor Malcolm Gissen thinks the rally may have a lot more room to run.
    • The co-manager of the Encompass Fund says it’s a great time to invest in gold miners; there’s a jump in merger activities in the sector as well as hostile takeover attempts, which be a sign that higher gold prices are ahead.
    • Adam Koos of Libertas Wealth Management prefers to wait to see a base creation and then breakout above bearish resistance lines and moving averages; when that happens, he likes AuRico Gold (AUQ) and Franco-Nevada (FNV).
    • Gissen suggests investors dip a toe in the water by buying some of the growing intermediate producers such as Primero Mining (PPP); among the larger producers, Goldcorp (GG) looks most attractive because of the projects it has and the cash flow it will generate this year.
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Company Description
Primero Mining Corp is a Canadian based precious metals producer with mining operations in Mexico and Canada.Its properties include San Dimas gold-silver mine and Black Fox gold mine.
Industry: Gold
Country: United States