Primero: Through the Mill with Solid Production

TONY LESIAK, Macquarie Capital Markets (01/17/2011)
"Primero announced 4Q10 gold equivalent production of 24.7koz, in line with previous guidance. Mill throughput increased steadily throughout the quarter and finished the year (December) at 1,950tpd, approximately 5% above target levels. The company guided to 110–120k gold equivalent ounces in 2011. . .The longer-term production growth plan remains intact with the mine/mill expansion to 2,500tpd (by 2013) expected to increase gold production 30%–40% and silver production over 60%."

 PRINT THIS PAGE   EMAIL THIS PAGE

Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.

Related Quotes: