Primero Reports Third Quarter 2011 Results; Record Revenue, Earnings & Cash Flow
Primero Mining Corp. (“Primero” or the “Company”) today reported financial and operational results for the third quarter ended September 30, 2011. The Company produced 27,450 gold equivalent ounces(1)at a total cash cost(2)of $641 per gold equivalent ounce leading to record net earnings of $35.1 million ($0.40 per share) and operating cash flows before working capital changes(3)of $50.5 million ($0.57 per share).