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Gold
Primero Mining Corp. (PPP) is a Canada-based mining company that engages in the exploration, development, and production of mineral resources, primarily gold and silver. The company operates through its subsidiary, Primero Silver Inc., and its main asset is the San Telmo Mine in Mexico.
As of the most recent financial statements, Primero Mining Corp has reported a net loss for the last few years, but there has been a positive trend in the company's earnings over the past year. The company's revenue for the most recent quarter was $53.4 million, which represents an increase of 23.5% compared to the same quarter in the previous year.
The company's net loss for the most recent quarter was $1.9 million, compared to a net loss of $18.9 million in the same quarter of the previous year. This improvement in net income is a positive sign, but it is still not profitable.
In terms of growth, Primero Mining Corp has been focusing on expanding its production and reserves at the San Telmo Mine. The company has reported an increase in proven and probable mineral reserves, as well as measured and indicated resources. This growth in reserves and resources is a positive sign for the company's long-term prospects.
It's important to note that the stock price of PPP has been highly volatile and has been affected by the overall market conditions and the performance of the company. As with any investment, it's important to conduct your own research and consider seeking advice from a financial advisor.
I strongly recommend you to check the most recent and official financial statements and press releases in Primero Mining Corp investor relations website or in the Securities and Exchange Commision (SEC) EDGAR database to have the most accurate and up-to-date information.
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