Primero hits lowered 2016 guidance, concern over cash position grows

Precious metals producer Primero Mining has met its revised lower guidance of 170 000 gold-equivalent ounces (GEOs) to 190 000 GEOs for 2016, producing 176 139 GEOs in the 12-month period. Industry-benchmark comparable all-in sustaining costs (AISC) came in at $1 326/oz, beating the revised guidance for AISC of $1 350/oz to $1 400/oz.