TICKER: PPP:NYSE; P:TSX
Primero Mining Corp. is a Canadian-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.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Jordan Roy-Byrne, The Daily Gold
"Primero Mining Corp. is one of my favorites. . .it has held above its 2012 lows, unlike other favored producers and most companies. . .the company is going to be the next Argonaut Gold Inc., and if it can successfully develop Cerro del Gallo in 2015, it will have over 100% production growth within the next three years."
Shawn Campbell, Macquarie Capital Markets
"Primero Mining Corp. exceeded our expectations with adjusted EPS of $0.10 ($0.07 estimate) and on cash flow of $0.20/sh vs. our estimate of $0.14/sh. . .its balance sheet is strong and our analysis of the company indicates it remains fully funded for both the San Dimas expansion and the Cerro del Gallo development project at $1,200 Au and $24 Ag. . .we reiterate our Outperform recommendation. . .Primero is one of out top picks."
"Primero Mining Corp. released its Q1/13 results and announced that the Cerro Resources acquisition has been approved. . .the company's Q1/13 adjusted earnings per share of $0.10 came in above consensus estimate of $0.07. . .Q1/13 production of 27,656 oz Au eq at total cash costs of $719/oz Au eq was also above the estimate of 26,400 oz. At $721/oz Au eq. . .the beat was due to better gold grade (4.2 g/t vs. 3.9 g/t) and recoveries."
Chitimukulu Musonda, CIBC World Markets
"Primero Mining Corp.'s San Dimas mine, operationally posted a solid quarter with production matching our estimate of 24 Koz Au and 1.4 Moz Ag. . .cash costs of $710/oz were ~6% lower than our estimate. . .throughput expansion plans at San Dimas appear to be progressing well. . .the stage is set for expansion to 2,500 tpd by Q1/14. . .the company's shares currently trade at very attractive multiples and we maintain our Sector Outperform rating."
Barry Allan, Mackie Research Capital
"Primero Mining Corp. had a solid operating result in Q1/13. . .the company has had one of the best performing share prices in the sector, not being crushed along with senior gold producers. We continue to like Primero's prospects for improving operating performance."
Primero Mining Corp. Content
Back to Top