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United States

Primero Mining Corp (PPP.N)

PPP.N on New York Stock Exchange

0.93USD
2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

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

Primero Mining Corp reaffirms production guidance
Wednesday, 6 May 2015 07:00am EDT 

Primero Mining Corp:Expects FY 2015 production to between 250,000 and 270,000 gold equivalent ounces.  Full Article

Primero Mining Corp reaffirms FY 2015 production guidance
Thursday, 12 Feb 2015 07:00am EST 

Primero Mining Corp:Expects FY 2015 production to between 250,000 and 270,000 gold equivalent ounces.Expects FY 2015 gold production in the range of 220,000-240,000 ounces.Expects FY 2015 silver production in the range of 6.5-7.5 mln ounces.  Full Article

Primero announces closing of offering of $75 mln 5.75 pct convertible unsecured subordinated debentures
Monday, 9 Feb 2015 08:46am EST 

Primero Mining Corp:Says closing of its offering of $75 mln aggregate principal amount of 5.75 pct convertible unsecured subordinated debentures maturing on Feb. 28, 2020, as previously announced on Jan. 20.Primero has granted the syndicate of underwriters, led by RBC Capital Markets an option to purchase additional Debentures in an amount equal to up to 15 pct of the Offering, on the same terms and conditions, exercisable in whole or in part at any time up to 30 days following today's closing.Intends to use net proceeds of offering and the Option (if exercised) to fund underground development and mill expansion plans at its San Dimas mine.Also to fund development and capital expenditures at the Black Fox complex and to repay the indebtedness outstanding under its $75.0 mln revolving credit facility, with the balance to be used for general corporate purposes.  Full Article

Primero appoints Ernest Mast as President and Chief Operating Officer
Monday, 2 Feb 2015 07:00am EST 

Primero Mining Corp:Appoints Ernest (Ernie) Mast as President and Chief Operating Officer, effective from Feb. 02.  Full Article

Primero Mining Corp announces $75 mln bought-deal offering of 5.75 pct convertible unsecured subordinated debentures
Tuesday, 20 Jan 2015 04:11pm EST 

Primero Mining Corp:Entered into an agreement with a syndicate of underwriters led by RBC Capital Markets.Pursuant to which the underwriters have agreed to purchase $75 million aggregate principal amount of 5.75 pct convertible unsecured subordinated debentures on a bought-deal basis.Granted the underwriters an option to purchase up to an additional 15% of the Offering, on the same terms and conditions, exercisable in whole or in part at any time up to 30 days following the closing of the Offering.Offering is expected to close on or about Feb. 9.Intends to use the net proceeds of the offering and the Option (if exercised) for general corporate purposes.  Full Article

BRIEF-Sage Gold signs mill processing pact

* Sage gold - signed toll milling agreement with Primero Mining's black fox-stock mill in timmins to process up to 200,000 tonnes per year