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Primero Mining Corp.

09:45 AM EST - Primero Mining Corp. : Announced an update on recent activities at its operating mines, the San Dimas gold-silver mine located in Durango, Mexico and the Black Fox gold mine located near Timmins, Ontario. The Company is also providing an update on recent corporate activities. While the San Dimas mine has experienced a recent improvement in operations, it has not seen the full step increase in productivity that underpinned the 2017 restart plan. Primero continues to work with McEwen Mining to facilitate the closing of the Black Fox Complex transaction, which is expected to be completed in the first week of October. In its production guidance, Primero expects consolidated 2017 production of between 125,000 and 135,000 gold equivalent ounces at total cash costs of between $800 and $900 per gold equivalent ounce with AISC of between $1,200 and $1,300 per gold ounce. Primero Mining Corp. shares T.P are trading down $0.005 at $0.09.