Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
The company, with gold and silver projects in Mexico, reports in its second quarter release earnings of %15 million ($0.17 per share) and has increased its annual gold production guidance to 120,000 gold equivalent ounces.
“”Primero achieved its strongest quarter to date,” said Joseph Conway, president and CEO. “San Dimas delivered record gold and silver production, record profit margins and record operating cash flow for Primero.”
The company’s press release highlights a record cash flow, with working capital of $35.8 million and record production numbers 23,280 ounces of gold and 1.36 million ounces of silver.
Read the full Q2 report here >>
