Primero Mining Corp.

Primero Mining Corp. is a Canada-based precious metals producer with operations in Mexico and intentions to become a leading intermediate gold producer. The company offers exposure to unhedged, low cash cost gold production with a substantial resource base in a low political risk jurisdiction.

Expert Comments:

Ryan Walker, Euro Pacific Canada (8/10/15)
"Primero Mining Corp. has been reinstated to the Mexican import and export registries, and resumed normal imports and exports at its San Dimas mine in Durango State, Mexico. The company has also begun selling all inventoried silver, comprising 1.2 Moz to be delivered to Silver Wheaton and 0.8 Moz to be sold into the spot market."

Ovais Habib, Scotia Capital (8/6/15)
"Primero Mining Corp. reported that the Mexican import/export permit has now been received, and silver sales will commence immediately. . .while the receipt was expected in the near term (as indicated in yesterday's Q2/15 results), this should help alleviate any lingering concerns on this issue. . .we maintain our Sector Outperform rating."

Joseph Fazzini, Dundee Capital Markets (8/6/15)
"Primero Mining Corp. announced Q2/15 operational and financial results. . .consolidated production of 62.5 Koz Au eq beat both consensus of 61 Koz Au eq and our estimate of 59 Koz Au eq, due to stronger than expected production from Black Fox. On the cost side, the company reported total cash costs of $654/oz, beating both our estimate of $687/oz and consensus of $666/oz. The better than expected operating results led to adjusted earnings per share of $0.01, which beat our consensus-matching estimate of -$0.03, and cash flow per share of $0.14, which handily beat our estimate of $0.09 and consensus of $0.11."

Jeff Killeen, CIBC World Markets (8/6/15)
"Primero Mining Corp. has reported Q2/15 results with adjusted EPS listed at $0.01, ahead of our estimate for a loss of $0.01, and CFPS of $0.14, bang on our estimate. Our main takeaways from the quarter are that the San Dimas mine continues to operate as expected, and the Black Fox mine has shown improvements quarter over quarter as it appears to be turning toward higher production levels in H2/15."

Mike Parkin, Desjardins Securities (8/6/15)
"This morning before market open, Primero Mining Corp. announced that it has had its import/export license reinstated at its San Dimas operation. . .overall, we view this as a positive as it will allow the company to bolster the balance sheet sooner with those sales and be better prepared to pay the $48.1M convertible debenture payment in Q1/16 as it would have built up its treasury more with the spot silver sales."

Rob Chang, Cantor Fitzgerald (8/6/15)
"Primero Mining Corp. yesterday announced Q2/15 financial results, which were highlighted by near record production from San Dimas and cost reductions at Black Fox. . .we maintain our Buy rating and are raising our target to $7.05/share."

More Expert Comments

Experts Commenting on This Company

Barry Allan, Vice Chair of Mining Group, and Senior Mining Analyst – Mackie Research Capital
Rob Chang, Senior Analyst and Head of Metals & Mining – Cantor Fitzgerald
Joseph Fazzini, Vice President, Senior Analyst – Dundee Capital Markets
Michael Gray, Analyst – Macquarie Capital Markets
Ovais Habib, Analyst – Scotia Capital
Andrew Kaip, Analyst – BMO Capital Markets
Jeff Killeen, Analyst – CIBC World Markets
Mike Parkin – Desjardins Securities
Dan Rollins, Analyst – RBC Capital Markets
Matthew Sheppard, Equity Research Analyst – Jacob Securities
Brian Szeto, Analyst – PI Financial
Jay Taylor, Author Gold, Energy & Tech Stocks
Ryan Walker, Analyst – Euro Pacific Canada
Josh Wolfson, VP, Senior Analyst Gold & Precious Metals – Dundee Capital Markets

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Primero Mining Corp. Content