News

Primero Mining posts loss of $13.2 million in 1st quarter

VANCOUVER – VANCOUVER, British Columbia (AP) _ Primero Mining Corp. (PPP) on Wednesday reported a first-quarter loss of $13.2 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 8 cents. Losses, adjusted for non-recurring costs, came to 5 cents per share.

The precious metals producer posted revenue of $50.5 million in the period.

The company’s shares closed at $1.88. A year ago, they were trading at $3.67.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PPP at http://www.zacks.com/ap/PPP

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Keywords: Primero Mining, Earnings Report