P - Primero, Q1 zahlen kommen am 4.5.2016 - sehe hier weiterhin gutes Aufholpotential, spätestens wenn die Streiterei mit Behörden durch ist gibt es einen ordentlichen Satz
[url=http://peketec.de/trading/viewtopic.php?p=1666553#1666553 schrieb:greenhorn schrieb am 24.02.2016, 12:56 Uhr[/url]"]P - Primero, gerstern nun den ersten nennenswerten Rebound; GAP bei 3,60/3,70 CAD lockt natürich alle GAPtologen
[url=http://peketec.de/trading/viewtopic.php?p=1665244#1665244 schrieb:greenhorn schrieb am 18.02.2016, 14:42 Uhr[/url]"]P - Primero, bin gespannt ob es hier demnächst eine Erholung gibt
Primero Mining loses $106.91-million (U.S.) in 2015
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:P-2347102&symbol=P®ion=C
2016-02-18 07:05 ET - News Release
Mr. Ernest Mast reports
PRIMERO REPORTS FOURTH QUARTER AND FULL-YEAR 2015 RESULTS; RECORD REVENUES DRIVE INCREASED CASH FLOWS
Primero Mining Corp. has released its financial results for the fourth quarter and full year ended Dec. 31, 2015 (all amounts are in U.S. dollars). On January 25, 2016 the Company reported strong operating results, including the fifth consecutive year of increased production, that drove record revenue of $291.3 million, strong operating cash flow before changes in working capital 1 of $83.2 million ($0.51 per share) and adjusted net income 2 of $6.6 million ($0.04 per share).
Highlights:
-Record Revenues Drive Increased Cash Flows: Primero generated record annual revenues of $291.3 million in 2015, 6% higher than in 2014 and despite the drop in metals prices, due to increased production and sales from the San Dimas and Black Fox mines. This resulted in 2015 operating cash flow before changes in working capital increasing by 13% over 2014, to $83.2 million ($0.51 per share). -Costs Controlled: All-in sustaining costs 3 of $972 per ounce decreased by 20% from 2014 and were well below the Company's 2015 guidance range of $1,030 to $1,060 per ounce. All-in sustaining costs are expected to drop a further 10% in 2016, to between $850 to $900 per gold ounce. -Convertible Debentures to be Repaid in Cash: Primero ended 2015 with $120.6 million of total liquidity, which included $45.6 million in cash and $75.0 million available in an undrawn line of credit, significantly increased from the December 31, 2014 total liquidity position of $62.4 million. The Company announced on February 10, 2016 4 its intention to repay in cash the outstanding $48.1 million of its 6.5% convertible debentures plus $1.6 million of associated interest on their maturity date of March 31, 2016. -Earnings Impacted by Impairment: The Company incurred a net loss of $106.9 million ($0.66 per share) including $104.0 million in impairment charges in 2015, compared to a net loss of $224.4 million ($1.48 per share) including $209.0 million in impairment charges in 2014. Adjusted net income was $6.6 million ($0.04 per share) for 2015, compared to adjusted net income of $5.4 million ($0.04 per share) for 2014. -Fifth Consecutive Year of Record Production: Fourth quarter production of 68,155 gold equivalent ounces 5 resulted in annual 2015 production of 259,474 gold equivalent ounces, 15% higher than 2014 and within the Company's 2015 production guidance range of 250,000 to 270,000 ounces. Gold equivalent production in 2016 is expected to increase by up to 8% over 2015 to between 260,000 and 280,000 ounces. -Capital Expenditures Reduced But Not Restrictive in 2016: Primero has narrowed its 2016 focus to core capital expenditures related to advancing the existing underground mining operations at San Dimas and Black Fox, and as a result the Company expects capital expenditures in 2016 of $82.3 million including capitalized exploration costs of $18.4 million. -Legal Claim From Mexican Tax Authority: Primero's San Dimas mine in Mexico continues to operate uninterrupted despite a legal claim by the Mexican tax authority seeking to nullify the Advance Pricing Agreement ("APA"). The APA confirmed the Company's basis for paying taxes on the price it realized from silver sales under its silver purchase agreement with Silver Wheaton for the fiscal years ending 2010 to 2014, inclusive 6 . Primero intends to vigorously defend its position and believes that it has filed its tax returns for 2010 to 2014 on a basis compliant with applicable laws.
"Primero's strong focus on reducing costs, while continuing to invest in profitable operations is evident in our 2015 results," stated Ernest Mast, President and Chief Executive Officer. "We achieved industry low all-in sustaining costs of $680 per ounce at our platform San Dimas mine while significantly reducing the all-in sustaining costs at the Black Fox mine by 19% from 2014, to $1,163 per ounce. We were also successful at reducing our corporate G&A expense with the closure of two satellite offices. Though Primero has had a volatile start to 2016 in the equity markets, our mines in Mexico and Canada continue to operate uninterrupted with anticipated further efficiency gains anticipated in 2016. We are aggressively defending the claim initiated by the Mexican tax authority seeking to nullify the APA. We look forward to demonstrating strong returns for our shareholders in 2016 by delivering production increases and maintaining a low cost structure with a focus on disciplined capital allocation and generating strong cash flow."
Low Cost Gold Production in Mexico and Canada
Primero produced 68,155 gold equivalent ounces during the fourth quarter of 2015, at total cash costs 7 of $613 per gold equivalent ounce and all-in sustaining costs ("AISC") of $1,009 per ounce. This resulted in record annual production of 259,474 gold equivalent ounces at total cash costs of $637 per gold equivalent ounce and AISC of $972 per ounce, representing a 15% increase in production and contributing to 20% lower AISC versus 2014.
San Dimas produced 50,370 gold equivalent ounces (41,371 ounces of gold and 2.32 million ounces of silver) during the fourth quarter at total cash costs of $535 per gold equivalent ounce and AISC of $753 per ounce. This resulted in full-year 2015 production of 189,769 gold equivalent ounces (151,355 ounces of gold and 8.30 million ounces of silver) from San Dimas at cash costs of $559 per gold equivalent ounce and AISC of $680 per ounce. Strong performance at San Dimas was due to a number of factors including higher throughput related to the ongoing expansion of the mill to 3,000 tonnes per day ("TPD"), increased gold and silver recoveries, increased long-hole mining production, and increased availability of the high-grade Jessica vein. Average throughput in 2015 increased by 10% to a record 2,721 TPD (based on 365 day availability).
Black Fox produced 17,785 ounces of gold during the fourth quarter at total cash costs of $834 per ounce and AISC of $1,104 per ounce. This resulted in 2015 production of 69,705 ounces of gold at cash costs of $850 per ounce and AISC of $1,163 per ounce. The 19% reduction in AISC in 2015 versus 2014 was largely attributable to significantly less development capital spent and less equipment replacements required in 2015. The weaker Canadian dollar relative to the U.S. dollar also had a positive impact on costs at Black Fox during 2015. Average mill throughput increased by 4% in 2015 averaging a record 2,400 TPD (based on 365 day availability).
[url=http://peketec.de/trading/viewtopic.php?p=1661020#1661020 schrieb:Kostolanys Erbe schrieb am 04.02.2016, 22:22 Uhr[/url]"]
Primero receives Mexican tax claim to void pricing deal
2016-02-04 01:17 ET - News Release
Ms. Tamara Brown reports
PRIMERO RECEIVES LEGAL CLAIM FILED BY MEXICAN TAX AUTHORITIES
Primero Mining Corp.'s Mexican subsidiary, Primero Empresa Minera SA de CV (PEM), has received a legal claim from the Mexican tax authorities, Servicio de Administracion Tributaria (SAT), seeking to nullify the advance pricing agreement (APA) issued by SAT in 2012. The APA confirmed the company's basis for paying taxes on realized silver prices for the years 2010 to 2014 and represented SAT's agreement to accept that basis for those years. The legal claim initiated does not identify any different basis for paying taxes. The company believes this legal claim is without merit, and it intends to vigorously defend the validity of its APA. The company's operations continue as usual.
PEM and its legal counsel are in the process of completing a detailed review of the legal claim, which is in excess of 200 pages. The company's Mexican legal and financial advisers have informed the company that SAT's judicial challenge to the validity of an APA is without precedent. The company's advisers maintain that seeking to nullify an APA undermines the function of an APA, which is to assure a taxpayer of certainty. The Mexican Supreme Court of Justice recently concluded that where a tax ruling is challenged by the tax authorities through a legal claim, there can be no retroactive consequences or payments levied against a taxpayer that obtained the ruling in good faith within applicable legal principles. The company, and its Mexican legal and financial advisers, continues to believe that the company has filed its tax returns, and paid all applicable taxes, in compliance with Mexican tax laws.
http://www.stockwatch.com/Quote/Detail.aspx?symbol=P®ion=C
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