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Primero craters as Q2 output, cash flow fall

By:  
Creamer Media Deputy Editor: North America
 
PRECIOUS METALS
Half the value of Canadian precious metals producer Primero Mining’s NYSE-listed stock has been wiped out on Thursday, after the company reported disappointing second quarter results indicating significant declines in output and cash flows. The dual-listed company, with its flagship San Dimas mine, located in Mexico, reported a narrower headline loss of $2.9-million, or $0.02 a share, which was in line with market forecasts, and an improvement over the adjusted net loss of $3.5-million, or $0.02 a share in the comparable period a year earlier.
 
 
 
 
 

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