Primero Mining Corp.
About the Company
PRIMERO MINING CORP. is a Canadian-based precious metals producer with operations in Mexico and Canada. The Company is focused on building a portfolio of high quality, low cost precious metals assets in the Americas through acquiring, exploring, developing and operating mineral resource properties. Primero owns 100% of the San Dimas gold-silver mine and the Cerro del Gallo gold-silver-copper development project in Mexico and 100% of the Black Fox property and adjoining properties in the Township of Black River‐Matheson near Timmins, Ontario, Canada.
With the recent addition of Black Fox Complex and the Cerro del Gallo development project, Primero is well positioned as an emerging mid-tier gold producer. Primero is focused on optimizing production, exploration and if appropriate, making further acquisitions of precious metal properties in low risk regions of the Americas.
In 2013, Primero delivered on every commitment — and more.
We delivered record gold production that exceeded guidance. Despite a drop in the gold price that challenged the entire industry, we maintained a strong cash balance and robust cash flow. We substantially completed the San Dimas mill expansion, increasing its capacity by 16%. Exploration more than replaced our depleted reserves — in fact, we increased reserves by 32%. And our recent acquisition has transformed Primero into a mid-tier producer with two operating mines and a pipeline of projects at various stages of development.
