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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:

SmallCapPower.com (2/27/15)
"Primero Mining Corp.'s CEO, Joseph Conway, was the former boss of IAMGOLD Corp., taking it from a $50M joint venture company to a $6B gold producer. . .the company's production is expected to increase by up to 20% in 2015 to between 250 and 270 Koz gold equivalent with all-in sustaining costs estimated at $1,000–1,100."

Jeff Killeen, CIBC World Markets (2/24/15)
"Primero Mining Corp. has reported results from its 2014 drill program at the Black Fox mine and Grey Fox project. . .for delineation results, we calculate a weighted average grade of 12.7 g/t gold over an average drilled width of 4.75m (versus current Black Fox reserve grade of ~4.5 g/t). We anticipate a modest boost in reserves when the company releases an updated resource/reserve estimate for the project next month."

Ovais Habib, Scotia Capital (2/23/15)
"Underground development at Primero Mining Corp.'s Black Fox is progressing on schedule to support the ramp-up of underground mining to 1 Ktpd by mid-2015. the company has added 5 new long-hole stopes to the mine's inventory and remains on target to increase stope inventory to approximately 12 months ahead of mining, including 15 long-hole and conventional stopes. . .we rate Primero Sector Outperform."

Dan Rollins, RBC Capital Markets (2/23/15)
"We expect Primero Mining Corp.'s shares to outperform peers when markets open this morning given the positive exploration update at Black Fox, including the expansion of near-infrastructure mineralization, discovery of new near-surface targets and further indications of longer-term upside at depth. . .we expect the company's flexibility in the underground to improve over the coming quarters as it targets underground throughput of 1 Ktpd by mid-2015."

Mike Parkin, Desjardins Securities (2/23/15)
"Before market open, Primero Mining Corp. provided, in our opinion, a positive update on its exploration activities at the Black Fox complex, which included 132,100m of drilling (55,700m at Black Fox and 76,400m at Grey Fox). . .our overall takeaway from the results is that the company is finding higher grades over wider intercepts at depth, which could support a more profitable mining operation with potentially higher production in the medium term."

Joseph Fazzini, ZZ-OLD Dundee Capital Markets (2/23/15)
"On Feb. 23, Primero Mining Corp. provided an exploration update for its Black Fox complex (including the Black Fox mine and Grey Fox property); overall, we view the results as encouraging as they continue to demonstrate resource growth potential while also establishing continuity of the high-grade corridor at depth. More importantly, the company continues to make solid progress in expanding its underground stope inventory at Black Fox."

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