Primero Mining Shares Hit Year High, Up 34% on Tax Ruling

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Primero Mining Corp.'s ( PPP ) shares soared to a new year high of $7.92, but are now trading off that level at $7.21, up 33.5%, after the company announced that its Mexican subsidiary has received a positive ruling from the Mexican tax authorities on its Advance Pricing Agreement filing made in October 2011. The ruling confirms that the subsidiary appropriately records revenue and taxes from sales under the silver purchase agreement.

PPP shares have traded in a day range of $7.14 - $7.92, and a year range of $2.28 - $7.92.



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This article appears in: Investing , Commodities

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