SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : KITCO - Gold discussion
GLD 368.18-0.5%Oct 31 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Sherloch6/9/2016 3:07:22 PM
  Read Replies (1) of 989
 
3 Small-Cap Stocks to Buy in June Sean Williams: It's been an absolutely miserable year for Primero Mining ( NYSE:PPP)shareholders, with shares of the stock down 19% year-to-date. It's even more miserable when you realize that practically every other gold and silver mining stock is up at least 50% year-to-date. Yet, I'd suggest investors take Primero's recent woes as all the more reason to consider a position in this small-cap stock.Here's why our team of Foolish contributors think that these shares are unjustly undervalued, making them buys right now.Primero Mining suffered through two setbacks earlier this year; however, both appear temporary. First, it shut down access to certain areas of its flagship San Dimas underground mine in Mexico in order to make safety improvements. Doing so caused a big production plunge for Primero and a huge spike in mining costs. Again, this is temporary.

The second issue ties in with Mexican authorities trying to invalidate the advanced pricing agreement of Primero's Mexican subsidiary, Primero Empresa Minera. This APA governs what portion of profits are subject to taxation, creating a temporary overhang for Primero and its shareholders. For what it's worth, Primero is fighting the decision by Mexican regulators.

siliconinvestor.com

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News