Cube Psytech Holdings Inc. T.P

News Out - Q1 2017 Marks a Turning Point for Primero

[stanley]

Lurk & Learns:

See details in today's NR. CC set for 11AM EDST

"The first quarter of 2017 marked a turning point for Primero," said Mr. Joseph F. Conway, Interim President and Chief Executive Officer.

"We continue to pursue our strategy of reducing the complexity, and the associated costs, of our operations.

We remained steadfast in achieving these goals throughout the union negotiations during the quarter, and we were able to achieve our objectives which we believe will allow for significant cost reductions at the San Dimas mine.

We were also successful in extending our revolving credit facility allowing more time to term-out our debt to better match our asset's cash profiles.

Our next focus is resetting the San Dimas operation and bringing the mine back to profitability so it can once again deliver on its world-class potential.

We have renewed our commitment to exploration at both of our mines in order to continue growing their reserve and resource base and fully realize on their significant mineral endowments."

GLTAL - GLAP

Caveat Emptor - Look at refocus of historical operation on LH, grades, 2 yr CBA and especially the return of the interim JC to navigate Primero on a course to potential sustained profitability. Lurk & Lurns should tune in to the CC and make their OWN assessments.

FWIW

Cheers
Stanley