Primero Reports First Quarter 2017 Results and Provides 2017 Operating Guidance

Primero Mining Corp. (“Primero” or the “Company”) (TSX: P) (NYSE: PPP) today reported operating and financial results for the first quarter ended March 31, 2017, and provided 2017 operating guidance.
As quoted in the press release:

“The first quarter of 2017 marked a turning point for Primero,” said Mr. Joseph F. Conway, Interim President and Chief Executive Officer. “We continue to pursue our strategy of reducing the complexity, and the associated costs, of our operations. We remained steadfast in achieving these goals throughout the union negotiations during the quarter, and we were able to achieve our objectives which we believe will allow for significant cost reductions at the San Dimas mine. We were also successful in extending our revolving credit facility allowing more time to term-out our debt to better match our asset’s cash profiles. Our next focus is resetting the San Dimas operation and bringing the mine back to profitability so it can once again deliver on its world-class potential. We have renewed our commitment to exploration at both of our mines in order to continue growing their reserve and resource base and fully realize on their significant mineral endowments.”

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