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Primero’s fall from grace accelerates on San Dimas ramp-up delay

By:  
Creamer Media Deputy Editor: North America
 
PRECIOUS METALS
Precious metals producer Primero Mining’s proverbial fall from grace is near complete with the company once more trading in penny stock territory since early September – a level last seen in 2009 and a far cry from its peak at C$8.89 a share in July 2014. The Toronto-based company’s NYSE- and TSX-listed equities have been on a steady downward spiral for several years, dogged by operational challenges at San Dimas, in Mexico, a tax dispute with Mexican authorities and concerns regarding the company's liquidity position.
 
 
 
 
 

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