Everything Mining Industry Country Focus How to Guide
Intelligence on industry and mining

Primero craters as Q2 output, cash flow fall

Creamer Media Deputy Editor: North America
Half the value of Canadian precious metals producer Primero Mining’s NYSE-listed stock has been wiped out on Thursday, after the company reported disappointing second quarter results indicating significant declines in output and cash flows. The dual-listed company, with its flagship San Dimas mine, located in Mexico, reported a narrower headline loss of $2.9-million, or $0.02 a share, which was in line with market forecasts, and an improvement over the adjusted net loss of $3.5-million, or $0.02 a share in the comparable period a year earlier.

Latest content...

Register for daily alerts on news as it breaks in various key economic sectors - Click here to register