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Primero Mining Corp (P.TO)

P.TO on Toronto Stock Exchange

0.61CAD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Primero Mining says unionized employees at San Dimas mine in Mexico initiated strike action
Wednesday, 15 Feb 2017 05:30pm EST 

Primero Mining Corp : Primero mining says unionized employees at co's san dimas mine in mexico initiated strike action,resulting in complete stoppage of mining and milling activities at site (adds dropped words) . Primero announces work stoppage at san dimas . Primero mining corp - depending on its duration, strike could have a negative impact on company's 2017 production . Primero is not seeking a reduction in individual worker compensation . Primero mining corp - negotiations with san dimas union have "not sufficiently addressed these critical issues" . Says depending on its duration, strike could have a negative impact on company's 2017 production . Primero mining - total workforce at san dimas including contractors will be reduced, a process that has already commenced outside of cba negotiations . Primero mining corp - as result co has decided to postpone release of its formal 2017 production and cost guidance until resolution has been achieved .Primero mining corp - primero asked union to agree to an extension of negotiation period, which was refused.  Full Article

Primero Mining appoints Kevin Jennings as CFO
Thursday, 1 Sep 2016 10:33pm EDT 

Primero Mining Corp : Primero announces appointment of kevin jennings as c.f.o. .Kevin jennings will replace wendy kaufman who is leaving company effective september 6, 2016.  Full Article

Primero Mining Corp to redeem $48.1 mln 6.5% senior unsecured convertible debentures
Wednesday, 10 Feb 2016 06:50am EST 

Primero Mining Corp:Will be redeeming with cash its currently outstanding $48.1 million 6.5% senior unsecured convertible debentures due March 31, 2016.Says has drawn $50 million on its previously undrawn $75 million line of credit.  Full Article

Primero Mining Corp Receives Legal Claim Filed by Mexican Tax Authorities
Wednesday, 3 Feb 2016 11:54pm EST 

Primero Mining Corp:Primero Mining says its Mexican subsidiary, Primero Empresa Minera, S.A. de C.V., has received a legal claim from the Mexican tax authorities, Servicio de Administración Tributaria (SAT), seeking to nullify the Advance Pricing Agreement (APA) issued by SAT in 2012.The APA confirmed the Company's basis for paying taxes on realized silver prices for the years 2010 to 2014 and represented SAT's agreement to accept that basis for those years.The legal claim initiated does not identify any different basis for paying taxes.The Company believes this legal claim is without merit and it intends to vigorously defend the validity of its APA. The Company's operations continue as usual.  Full Article

Primero Mining Corp gives FY 2016 production guidance
Monday, 25 Jan 2016 06:50am EST 

Primero Mining Corp:Says that it is guiding to between 260,000 and 280,000 gold equivalent ounces in FY 2016, which includes gold production of 215,000 to 235,000 ounces and 8.5 to 9.5 million ounces of silver.  Full Article

Primero Mining Corp says Ernest Mast succeeds as President and CEO
Wednesday, 11 Nov 2015 06:50am EST 

Primero Mining Corp:Announces planned succession of ernest mast to president and C.E.O. and joseph Conway to executive vice chairman.Says in mid-2016 Conway will transition to vice chairman and director of the board.Is in advanced stages of hiring a replacement for mast's operational responsibilities.  Full Article

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BRIEF-Primero receives extension to revolving credit facility

* Primero mining corp - agreed in principle with its lenders to an extension of its $75 million revolving credit facility previously maturing in May 2017