Referenced Stocks

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

By Midnight Trader,  October 05, 2012, 10:45:11 AM EDT

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.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: PPP



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