Last $6.61 USD
Change Today +0.03 / 0.46%
Volume 167.8K
PPP On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

primero mining corp (PPP) Snapshot

Open
$6.77
Previous Close
$6.58
Day High
$6.77
Day Low
$6.53
52 Week High
07/10/14 - $8.47
52 Week Low
12/23/13 - $4.27
Market Cap
1.1B
Average Volume 10 Days
348.9K
EPS TTM
--
Shares Outstanding
159.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PRIMERO MINING CORP (PPP)

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primero mining corp (PPP) Details

Primero Mining Corp., a precious metals producer, is engaged in the acquisition, exploration, development, and production of precious metal properties in Canada and Mexico. The company explores for gold and silver. It owns interest in the San Dimas Mine, which is located in Mexico’s San Dimas district; and the Black Fox Complex that is located in the Timmins Mining District in Ontario, Canada. The company also holds interest in the Ventanas Property located in Durango state, Mexico; and the Cerro del Gallo Project located in Guanajuato state, Mexico. The company was formerly known as Mala Noche Resources Corp. and changed its name to Primero Mining Corp. in August 2010. Primero Mining Corp. is headquartered in Vancouver, Canada.

primero mining corp (PPP) Top Compensated Officers

Chief Executive Officer, Director, Member of ...
Total Annual Compensation: C$650.0K
President and Chief Operating Officer
Total Annual Compensation: C$430.0K
Chief Financial Officer and Chairman of Discl...
Total Annual Compensation: C$350.0K
Chief General Counsel, Vice President, Corpor...
Total Annual Compensation: C$315.0K
Vice President of Project Development and Con...
Total Annual Compensation: C$108.3K
Compensation as of Fiscal Year 2013.

primero mining corp (PPP) Key Developments

Primero Mining Corp. Approves the Second Phase Expansion of San Dimas Gold-Silver Mine in Mexico

Primero Mining Corp. announced it has approved the second phase expansion of its San Dimas gold-silver mine in Mexico. The company previously elected a staged approach to the full expansion and after successfully completing the first phase of the expansion has now approved the required capital to expand the San Dimas mine and mill to 3,000 tonnes per day (TPD) or approximately 210,000 to 220,000 gold equivalent ounces per year 1,2,3. Construction of the mill expansion is expected to begin during the first quarter of 2015, with an estimated completion during the second quarter of 2016.

Primero Mining Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Operating Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capital Expenditure Guidance for the Year 2014

Primero Mining Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of USD 79,669,000 compared to USD 52,475,000 for the same period a year ago. Earnings from mine operations were USD 19,676,000 compared to USD 23,593,000 last year. Net income was USD 572,000 compared to USD 4,241,000 last year. Adjusted net income was USD 1,052,000 or USD 0.01 per basic and diluted share compared to USD 17,039,000 or USD 0.16 per basic and diluted share last year. Operating cash flows before working capital changes was USD 26,431,000 compared to USD 16,932,000 last year. Earnings from operations were USD 9,152,000 compared to USD 21,686,000 last year. Earnings before income taxes were USD 4,893,000 compared to USD 16,207,000 last year. Cash provided by operating activities was USD 13,068,000 compared to USD 10,382,000 last year. Expenditures on mining interests were USD 31,159,000 compared to USD 16,037,000 last year. For the six months, the company reported revenues of USD 127,938,000 compared to USD 98,796,000 for the same period a year ago. Earnings from mine operations were USD 27,941,000 compared to USD 39,299,000 last year. Net loss was USD 8,513,000 or USD 0.06 per basic and diluted share compared to net income of USD 21,565,000 or USD 0.21 per basic and diluted share last year. Adjusted net loss was USD 1,828,000 or USD 0.01 per share compared to adjusted net income of USD 26,140,000 or USD 0.26 per share last year. Operating cash flows before working capital changes was USD 32,344,000 compared to USD 36,443,000 last year. Earnings from operations were USD 4,064,000 compared to USD 29,596,000 last year. Loss before income taxes were USD 8,826,000 compared to earnings before income taxes of USD 22,031,000 last year. Cash provided by operating activities was USD 4,428,000 compared to USD 28,275,000 last year. Expenditures on mining interests were USD 51,159,000 compared to USD 24,772,000 last year. The company reported operating earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported production of 63,414 gold equivalent ounces, compared to 39,089 gold equivalent ounces in the same period in 2013. Gold production was 50,061 ounces compared to 26,904 ounces last year. Silver production was 1.49 million ounce compared to 1.46 million ounces last year. For the six months, the company reported production of 103,172 gold equivalent ounces, compared to 66,745 gold equivalent ounces in the same period in 2013. Gold production was 82,339 ounces compared to 51,095 ounces last year. Silver production was 3.00 million ounce compared to 2.83 million ounces last year. In 2014, capital expenditures are expected to total approximately USD 80.0 million excluding capitalized exploration expenses of USD 35.0 million. The company maintains its 2014 production guidance of between 225,000 and 245,000 gold equivalent ounces, an increase of up to 70% over 2013.

Primero Mining Corp. Announces Expansion of San Dimas Mine to 3,000 TPD

Primero Mining Corp. announced it has approved the second phase expansion of its San Dimas gold-silver mine in Mexico. The company previously elected a staged approach to the full expansion and after successfully completing the first phase of the expansion has now approved the required capital to expand the San Dimas mine and mill to 3,000 tonnes per day or approximately 210,000 to 220,000 gold equivalent ounces per year. Construction of the mill expansion is expected to begin during the first quarter of 2015, with an estimated completion during the second quarter of 2016.

 

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Valuation PPP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.5x
Price/Book 1.1x
Price/Cash Flow 58.5x
TEV/Sales 3.9x
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