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United States

Primero Mining Corp (PPP.N)

PPP.N on New York Stock Exchange

0.35USD
23 Jun 2017
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Latest Key Developments (Source: Significant Developments)

Primero says remains on-track to achieve 2017 production guidance
Friday, 2 Jun 2017 06:50am EDT 

June 2 (Reuters) - Primero Mining Corp :Primero provides an operations update; remains on-track to achieve 2017 production guidance.On-Track to achieve its 2017 production guidance of between 140,000 to 170,000 ounces of gold equivalent.Primero Mining Corp says advancing restart of san dimas mine following resumption of operations on april 17, 2017.Primero Mining Corp says working to gain re-compliance with new york stock exchange's continued listing standards.Primero Mining Corp - remains confident in san dimas' ability to achieve 2017 production guidance of 90,000 to 110,000 gold equivalent ounces.Primero Mining - ‍san dimas' unionized workers "have been responding well" to new shift structure, implementation of realigned bonus structure underway​.Black fox expects to achieve 2017 production guidance of 50,000 to 60,000 gold ounces.Primero Mining Corp - ‍dialogue remains ongoing with san dimas' unionized workers with regard to annual bonus payout relating to 2016​.Primero Mining Corp - notes that nyse will initiate delisting action if curative measure for re-compliance is not implemented by september 30, 2017.Primero Mining Corp - black fox produced approximately 8,200 ounces of gold in may 2017.  Full Article

Primero Mining to resume operations at San Dimas
Thursday, 13 Apr 2017 05:15pm EDT 

Primero Mining Corp : Primero to resume operations at San Dimas . Primero Mining Corp - operations are expected to resume at Primero's San Dimas mine in Mexico on Tuesday, April 18, 2017 . Primero Mining Corp - successfully resolved work stoppage of unionized employees that began on february 15, 2017 . Primero Mining Corp - has a new collective bargaining agreement with national union of mine, metal, steel and allied workers of Mexican Republic . Primero Mining Corp - agreement provides a formal structure for regulating all aspects of relationship between company and its unionized employees . Primero Mining Corp says company will continue to explore opportunities to make further reductions to workforce . Primero Mining Corp - new CBA includes adjustments to base salaries and short-term production bonuses to benefit of both primero and all unionized employees . Primero Mining - unionized employees will receive an increase in their base salaries of 7.5 pct in Mexican pesos . Primero Mining Corp - does not expect to see reduction in individual worker compensation .Primero Mining Corp - workers could see increases to individual pay provided that plans are achieved or exceeded and company performance improves.  Full Article

Primero Q4 adjusted loss per share $0.01
Wednesday, 15 Mar 2017 06:50am EDT 

Primero Mining Corp : Primero reports fourth quarter and full-year 2016 results . Q4 adjusted loss per share $0.01 . Q4 loss per share $1.01 . Q4 earnings per share view $-0.03 -- Thomson Reuters I/B/E/S . Q4 revenue $52.2 million versus $71.4 million . Primero Mining -on February 15, 2017, company announced that unionized employees at its san dimas mine in mexico had initiated a strike action . Primero Mining Corp- Primero produced 45,794 gold equivalent ounces during q4 of 2016 . Primero Mining -continues negotiations with national union of mine, metal, steel and allied workers of mexican republic sections 21 and 22 . Primero Mining -not seeking reduction in individual worker compensation, although total workforce at san dimas including contractors is being reduced .Primero Mining Corp says has identified these as critical changes required to return San Dimas operation to profitability.  Full Article

Primero Mining Corp says Joseph F. Conway will be appointed interim president and CEO
Thursday, 23 Feb 2017 05:00pm EST 

Primero Mining Corp : Primero Mining Corp says Joseph F. Conway will be appointed interim president and chief executive officer . Primero Mining Corp says mast will continue to assist company in facilitating a smooth transition in leadership .Primero Mining says Ernest Mast and co reached mutual decision that Mast will depart Primero to pursue other opportunities effective no later than March 6, 2017.  Full Article

Primero achieves 2016 revised production and cost guidance
Wednesday, 18 Jan 2017 06:50am EST 

Primero Mining Corp : Primero achieves 2016 revised production and cost guidance . Primero Mining Corp - anticipates 2017 production levels will be in-line with 2016 but at reduced unit costs . Primero Mining Corp - total capital expenditures are also expected be reduced on an overall basis for 2017 .Q4 production of 45,794 gold equivalent ounces.  Full Article

Primero receives NYSE notice
Tuesday, 27 Dec 2016 06:50am EST 

Primero Mining Corp : Primero receives nyse notice .Primero mining - nyse notice does not affect business operations or listing of common shares, which will continue to trade on nyse under symbol "ppp".  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

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BRIEF-Primero reports voting results from annual general and special meeting of shareholders

* Primero Mining Corp - notes that advisory vote on executive compensation was not approved by shareholders