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Primero’s shares fall on announcement of drop in contained reserves

By:  
Creamer Media Deputy Editor: North America
 
PRECIOUS METALS
The TSX-listed stock of Canadian precious metals producer Primero Mining on Wednesday took a 10% knock after the company announced a 24% year-over-year decrease in gold reserves. The Vancouver-based company, which operates mines in Canada and Mexico, also reported a 20% year-on-year decrease in silver reserves. The declines in reserves of metals were attributed to depletion and modified modelling parameters.
 
 
 
 
 

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