Primero’s fall from grace accelerates on San Dimas ramp-up delay

September 21, 2017

Responsive image

Precious metals producer Primero Mining’s proverbial fall from grace is near complete with the company once more trading in penny stock territory since early September – a level last seen in 2009 and a far cry from its peak at C$8.89 a share in July 2014.
The Toronto-based company’s NYSE- and TSX-listed equities have been on a steady downward spiral for several years, dogged by operational challenges at San Dimas, in Mexico, a tax dispute with Mexican authorities and concerns regarding the company’s liquidity position.

Category: General