Primero Extends Revolving Credit Facility to Facilitate

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
545
Primero Extends Revolving Credit Facility to Facilitate Negotiations

TORONTO, ON --(Marketwired - November 22, 2017) -

(Please note that all dollar amounts in this news release are expressed in U.S. dollars unless otherwise indicated.)

Primero Mining Corp. ("Primero" or the "Company") ( TSX : P ) today announced that the Company has agreed in principle with its lenders to an extension of its revolving credit facility ("RCF") and guarantee provided by Wheaton Precious Metals Corp., previously maturing on November 23, 2017. The maturity of the RCF will be extended to December 1, 2017, providing the Company with the ability to continue negotiations surrounding its previously announced strategic review process and the possible divestiture of its San Dimas mine in Mexico. There can be no certainty that these discussions will result in a resolution acceptable to all stakeholders.

About Primero

Primero Mining Corp. is a Canadian-based precious metals producer that owns 100% of the San Dimas gold-silver mine in Mexico.

Primero's website is www.primeromining.com .

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

This news release contains "forward-looking statements", within the meaning of applicable United States and Canadian securities legislation, concerning the business and operations of Primero Mining Corp. and its consolidated subsidiaries (collectively, "Primero" or the "Company"). All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release include statements regarding the expected extension of the Company's revolving credit facility, the Company's ability to continue negotiations surrounding its previously announced strategic review process and the possible divestiture of its San Dimas mine. The assumptions made by the Company in preparing the forward-looking information contained in this news release, which may prove to be incorrect, include, but are not limited to: the expectations and beliefs of management; the specific assumptions set forth above in this news release; that the documentation necessary to effect the extension of the revolving credit facility will be timely completed, that Wheaton Precious Metals will continue to guarantee the facility, that negotiations will continue regarding the Company's strategic review process, or that negotiations will result in any resolution acceptable to all Primero stakeholders.

Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, performance or achievements of Primero to be materially different from those expressed or implied by such forward-looking statements, including: the exchange rate between the Canadian dollar and the United States dollar may change; the Company may not be able draw down, re-finance or extend its line of credit facility; the documentation to extend the credit facility may not be timely completed; negotiations in connection with the strategic process may be interrupted or may break down and may not result in a resolution that is acceptable to all Primero stakeholders. Certain of these factors are discussed in greater detail in Primero's registration statement on Form 40-F on file with the U.S. Securities and Exchange Commission, and its most recent Annual Information Form on file with the Canadian provincial securities regulatory authorities and available at www.sedar.com . Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. In addition, although Primero has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Forward-looking statements are made as of the date hereof and accordingly are subject to change after such date. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our operating environment. Primero does not undertake to update any forward-looking statements that are included in this document, except in accordance with applicable securities laws.

Attachment Available: http://www.marketwire.com/library/MwGo/2017/1...60aa18.pdf

For further information, please contact: Investor Relations Tel: (416) 814-3160 info@primeromining.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

QORAI CORP's Q4 Nexus: A New AI Frontier

Updated Category News Views 51

Breakthrough in AI: Enter Q4 Nexus It's not every day you see a tech player emerge with something genuinely fresh—QORAI CORP is shaking up the scene with its Q4 Nexus platform. This isn't just another AI model upgrade. We're talking about a rethink of the very architecture we rely on to power these systems. Founder Robby Joshi's brainchild, Q4 Nexus, jazzes up the AI...

Continue Reading
EPG's New Malaysian Factory: A US$120M Commitment

Updated Category News Views 129

In the hustle and bustle of manufacturing, EPG Modular Data Center has hit a landmark moment. They're not just slapping up another building—they're carving out a piece of future tech infrastructure with their fresh Malaysia FIZ Factory. Investing in Regional Strength When you pump US$120 million into a project, you're doing more than sinking cash into concrete—you're...

Continue Reading
Teneo Expands Financial Advisory in Canada, Eyes Talent

Updated Category News Views 90

Turning the Maple Leaf Over: Teneo's Move Alright, here's the scoop: Teneo is muscling its way north, into Canada, to flex its Financial Advisory chops. With a lineup of 60 professionals already setting the pace across Toronto, Montreal, and Calgary, this move isn’t just smoke—it’s a full-fledged expansion. They're under the hood, tinkering away to beef up...

Continue Reading
Equinix Launches SG6: A Boost for Singapore’s AI Economy

Updated Category News Views 163

Singapore's Strategic Role in Digital Evolution How do you blend cutting-edge tech with sustainability? Equinix has a recipe, and it’s dishing it out now in Singapore with the launch of SG6, their sixth International Business Exchange™ data center. We’re talking a near $290 million tab here—serious money for serious infrastructure, all right smack dab in one of...

Continue Reading
CoffeeBarista.com Launches Amid High U.S. Coffee Craze

Updated Category News Views 54

Fresh Grounds: CoffeeBarista.com Enters the Brewing Scene Alright, folks, let's cut to the chase. Digital Information Resources, the tech whiz that's been accumulating niche online properties like they're baseball cards, decided it's time to dive headfirst into the caffeinated waters with CoffeeBarista.com. Fancy name for a platform dedicated to everything bean juice,...

Continue Reading
Kestrel Group Faces Financial Hit Despite Revenue Growth

Updated Category News Views 97

Kestrel's Financial Rollercoaster Continues Here's the deal with Kestrel Group, folks. They just dropped their Q3 2026 financials, and it's a mixed bag. The top line's looking solid with total revenues hitting $4.8 million, riding high on a 203% jump in Program Services fee income. But dig a little deeper, and there's a $16.4 million net loss staring us in the face....

Continue Reading
Luxury Dog Resort Opens in Dallas on November 14th

Updated Category News Views 93

Dallas Pooches Get Star Treatment It's about time our furry pals in Dallas got a piece of high society. This ain't your run-of-the-mill doggie daycare opening a new outlet. The Wags Club, with its roots deep in Los Angeles luxury, is setting up shop near Love Field, giving Texan pups a taste of the good life. Visitors on November 14 better dress their best, and that's not...

Continue Reading
Pen Needles Market to Hit $3.37B by 2031: Growth Ahead

Updated Category News Views 110

Big Numbers in the Needle Game When you're staring down the numbers popping out of this pen needles market projection, it's hard to ignore—shooting from a respectable $2.16 billion in 2026 to a hefty $3.37 billion by 2031. We're talking a 9.3% CAGR that'll have investors pulling out their calculators or maybe rubbing their hands in downright glee, depending on their...

Continue Reading
Investor Bidding on Off-Market Homes Surges 35% Higher

Updated Category News Views 109

Investor Frenzy in Off-Market Real Estate Looking at the real estate puzzle today, one might spot an unexpected surge in enthusiasm for off-market residential properties. We've got iFinder Offers, a real estate platform that's made it its business to connect the dots between homeowners and a gaggle of over 325 hungry investors. And according to their magic spreadsheets,...

Continue Reading
Maritime Injury Law: Neidzwski Talks Sea Changes

Updated Category News Views 54

Legal waters are as choppy as the seas themselves, especially in the maritime injury law arena. Nicholas J. Neidzwski, a maritime injury attorney and partner at BoatLaw, LLP, recently waded into these turbulent waters at the 2026 Pacific Admiralty Seminar. This isn’t just any gathering; it’s the West Coast’s legal beacon on all things maritime, drawing in industry...

Continue Reading

Top 5 Most Recently Viewed Articles

Celebrate Father’s Day with Unique Gifts from Hydro Gizmos

Updated Category News Views 181

Hydro Gizmos Launches Father's Day Gifting Event In a delightful initiative to offer more meaningful gifts for men, Hydro Gizmos has unveiled its very first Father’s Day Gifting Event, showcasing an enticing 30% off its best-selling whiskey decanter sets. Designed to appeal to gift-givers who seek thoughtful presents, this exclusive event is a wonderful chance to honor...

Continue Reading
Tenable Achieves Leadership in Exposure Assessment Platforms

Updated Category News Views 175

Tenable Recognized for Outstanding Leadership in Cybersecurity Tenable (NASDAQ: TENB), a leading exposure management company based in Columbia, has made headlines by being recognized as a Leader in the 2025 Gartner Magic Quadrant for Exposure Assessment Platforms. This prestigious acknowledgment showcases Tenable's exceptional capabilities in understanding and mitigating...

Continue Reading
Aurora Mobile Projects Enhanced Revenue Growth for Early 2025

Updated Category News Views 287

Aurora Mobile Projects Enhanced Revenue Growth for Early 2025 Aurora Mobile Limited (NASDAQ: JG), a prominent player in customer engagement and marketing technology services based in China, has announced expectations for significant revenue growth in the early months of 2025. The company estimates its total revenues for the first quarter will be between RMB87.0 million...

Continue Reading
Element Fleet Management Reports Strong Results in Q2 2025

Updated Category News Views 182

Your Financial Overview of Element Fleet Management's Q2 2025 Results In recent financial disclosures, Element Fleet Management Corp. (TSX: EFN) underscored the robustness of its business operations in the face of ongoing economic challenges. The results for Q2 2025 revealed a commendable increase in net revenues, which rose by 6% year-over-year, amounting to $290...

Continue Reading
Kurv Launches Versatile Merchant App for Seamless Payments

Updated Category News Views 260

Kurv Introduces the New All-in-One Merchant App Kurv, formerly known as Electronic Merchant Systems, has unveiled its all-in-one Merchant App that is set to revolutionize payment solutions for businesses. This innovative tool comes with a standout feature called Tap to Pay on Android, enabling merchants to streamline their payment processes and improve customer...

Continue Reading