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Primero Mining Corp (P.TO)

P.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Primero announces sale of cerro del gallo project
Tuesday, 14 Nov 2017 07:00am EST 

Nov 14 (Reuters) - Argonaut Gold Inc :Primero announces sale of Cerro Del Gallo project.Primero Mining Corp - ‍Argonaut will acquire all of issued and outstanding shares of San Anton Resource Corporation​.Primero Mining Corp - ‍Primero will receive consideration of $15 million in cash​.Primero Mining Corp - ‍Primero expects to use proceeds from transaction to reduce company's total outstanding debt position​.  Full Article

Primero Q3 adjusted earnings per share $0.01
Tuesday, 14 Nov 2017 06:50am EST 

Nov 14 (Reuters) - Primero Mining Corp ::Primero reports third quarter 2017 results.Q3 adjusted earnings per share $0.01.Q3 earnings per share view $-0.02 -- Thomson Reuters I/B/E/S.Primero Mining Corp - produced total of 36,602 gold equivalent ounces in q3 2017, compared to 44,684 gold equivalent ounces produced in q3 2016​.Primero Mining Corp - qtrly ‍revenues $23.6 million versus $36.6 million​.Primero Mining Corp - qtrly loss per share from continuing operations $0.06​.Primero Mining Corp - ‍all-in sustaining costs of $1,099 per ounce in q3 2017 were 15 pct lower than $1,286 per ounce in q3 of 2016​.Primero Mining Corp- ‍there is no certainty that co will have sufficient funds to repay full outstanding obligation under rcf on nov 23, 2017​.Primero Mining- ‍considering available alternatives to "protect value and sustain operations" while enabling co to restructure affairs​.  Full Article

Primero Mining ‍lowers 2017 San Dimas production guidance
Thursday, 21 Sep 2017 06:50am EDT 

Sept 21 (Reuters) - Primero Mining Corp :Primero provides an operations and corporate update.Lowered its 2017 San Dimas production guidance to between 75,000 and 85,000 gold equivalent ounces​.2017 production guidance been reduced to reflect more gradual restart of San Dimas operations and pending sale of Black Fox complex​.Expects consolidated 2017 production of between 125,000 and 135,000 gold equivalent ounces.Continues with negotiations on potential sale of San Dimas or potential renegotiation of its silver stream​.AISC is expected to be between $1,200 and $1,300 per gold ounce for 2017.  Full Article

Primero Mining says ‍Ryan Snyder has been promoted to CFO
Thursday, 7 Sep 2017 05:00pm EDT 

Sept 8 (Reuters) - Primero Mining Corp :Primero announces management changes.Primero Mining Corp - ‍Ryan Snyder has been promoted to role of chief financial officer, effective September 15​.Primero Mining Corp - ‍Kevin Jennings has resigned​.Primero Mining Corp - ‍Jennings will continue to advise company until October 31, 2017 to ensure an effective transition of duties.​.  Full Article

McEwen Mining and Primero sign definitive agreement
Tuesday, 29 Aug 2017 06:00am EDT 

Aug 29 (Reuters) - Mcewen Mining Inc :McEwen Mining and Primero sign definitive agreement.Agreed purchase price is $35 million, subject to closing adjustments.Signed binding agreement with Primero Mining for purchase of Black Fox Complex in Timmins, Canada.  Full Article

NYSE to suspend trading in Primero Mining common stock
Monday, 14 Aug 2017 10:42am EDT 

Aug 14 (Reuters) - New York Stock Exchange::NYSE to suspend trading immediately in Primero Mining Corp. (PPP) and commence delisting proceedings.Says trading in Primero Mining's common stock will be suspended immediately​.  Full Article

Primero reports Q2 adjusted loss per share $0.02
Thursday, 10 Aug 2017 06:50am EDT 

Aug 10 (Reuters) - Primero Mining Corp ::Primero reports second quarter 2017 results.Q2 adjusted loss per share $0.02.Q2 earnings per share view $-0.02 -- Thomson Reuters I/B/E/S.Remains on track to achieve 2017 production guidance of between 50,000 and 60,000 ounces of gold from Black Fox.San Dimas capital plan for 2017 has been re-evaluated and scaled back by $17.7 million to $33.4 million.Qtrly ‍total production of 35,965 gold equivalent ounces, 27% lower than 49,499 gold equivalent ounces produced in Q2 2016​.Will continue to advance discussions with financiers to extend or refinance $75 million rcf due in november 2017​.Consolidated Q2 2017 total cash costs were $852 per gold equivalent ounce, with consolidated aisc of $1,262 per gold ounce​.Primero mining corp qtrly ‍revenues $16.2 million versus $42.6 million.Net loss incurred in q2 2017 includes a $285.0 million impairment of company's assets​.Reduction in 2017 planned exploration, development spending may affect co's ability to achieve expected production levels from san dimas ​operations in future yrs.All-in sustaining costs are now expected to be between $900 and $1,050 per ounce in 2017 from san dimas ​operations.May not be able to fully repay debt obligations under rcf without obtaining an extension, or additional source of debt/equity financing​.Reduction in 2017 planned exploration & development spending may "affect" ability to achieve expected production levels from san dimas operations in future yrs​.  Full Article

‍Primero announces sale of Black Fox Mine and Complex​
Thursday, 10 Aug 2017 06:45am EDT 

Aug 10 (Reuters) - Mcewen Mining Inc :Primero Mining Corp - ‍Primero will receive consideration of $35 million​.Primero Mining Corp - ‍Primero announces sale of Black Fox Mine and Complex​.Primero Mining Corp - ‍Primero expects to use proceeds from transaction to reduce company's total debt position​.Primero Mining Corp - ‍Entered into an agreement with Mcewen Mining Inc​.  Full Article

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

BRIEF-Primero announces sale of cerro del gallo project

* Primero Mining Corp - ‍Argonaut will acquire all of issued and outstanding shares of San Anton Resource Corporation​