Primero Appoints Vice President of Geology and Exploration
November 27 2012 - 7:00AM
Marketwired
Primero Mining Corp. ("Primero" or the "Company") (TSX:P)(NYSE:PPP)
is pleased to announce the appointment of Mr. Gabriel Voicu as Vice
President, Geology and Exploration.
Mr. Voicu is a Professional Geologist with over 25 years of
mineral deposit exploration and mining experience including holding
senior technical and exploration positions with a number of
intermediate gold producers. Much of his experience was gained in
the Americas in such countries as Suriname, Guyana and Canada and
he also worked for 9 years in Romania. Mr. Voicu holds a PhD in
Mineral Resources from the Universite du Quebec a Montreal, and a
BSc from the University of Bucharest, Romania. Mr. Voicu is also an
Adjunct Professor of Economic Geology with the Universite du Quebec
a Montreal.
Mr. Voicu will oversee all aspects of Primero's geology and
exploration program, including its ongoing exploration and resource
expansion program at San Dimas and help source new opportunities
for growth and expansion.
Mr. Joaquin Merino-Marquez has resigned his position as Vice
President, Exploration to pursue other opportunities.
"The addition of Gabriel to our technical team reflects the
Company's focus on both optimizing and expanding San Dimas while
continuing to assess opportunities to diversify and grow the
Company," commented Joseph F. Conway, President & Chief
Executive Officer. "I would like to thank Joaquin for his
contribution to Primero over the past year and a half and welcome
Gabriel to Primero's executive management team. Gabriel's wide
range of experience with projects in various stages of development
is a great asset to the Company as we continue on our path of
building a leading Americas focused intermediate precious metals
producer."
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 is focused on delivering superior, sustainable
value for all stakeholders with low-risk exposure to precious
metals. The Company has intentions to become an intermediate
producer by building a portfolio of high quality, low cost precious
metals assets in the Americas.
Primero's website is www.primeromining.com.
CAUTIONARY NOTE ON FORWARD-LOOKING INFORMATION
This news release contains "forward-looking statements", within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 and applicable Canadian securities legislation,
concerning the business and operations of Primero. All statements,
other than statements of historical fact, are forward-looking
statements. Generally, forward-looking statements can be identified
by the use of forward-looking terminology such as "plans",
"potential", "expects", "is expected", "promising", "budget",
"scheduled", "targeted", "is targeting", "estimates", "forecasts",
"intends", "anticipates", "believes", "if realized", "in the near
future" or variations of such words and phrases or statements that
certain actions, events or results "may", "could", "would", "might"
or "will continue", "will allow", "occur" or "be achieved" or the
negative connotation thereof.
Forward-looking statements in this news release include, but are
not limited to reference to the Company's resource expansion
program and new opportunities for growth and expansion, as well as
management's belief regarding the Company's intentions to become an
intermediate gold producer.
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
assumptions set forth herein and in the management's discussion and
analysis and the Company's annual report on Form 40-F for the year
ended December 31, 2011, as amended, 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 as well as the expectations and beliefs of
management and that there are no significant disruptions affecting
operations; that development and expansion at San Dimas proceeds on
a basis consistent with current expectations and the Company does
not change its development and exploration plans; that the
Company's exploration plans will lead to an increase in the
Company's reserves; that the exchange rate between the Canadian
dollar, Mexican peso and the United States dollar remain consistent
with current levels or as set out in this news release; that prices
for gold and silver remain consistent with the Company's
expectations; that production meets expectations and is consistent
with estimations; that there are no material variations in the
current tax and regulatory environment or the tax positions taken
by the Company; that the Company can access financing, appropriate
equipment and sufficient labour; and that the political environment
within Mexico will continue to support the development of
environmentally safe mining projects.
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 risks that the Company
may not be able to achieve planned production levels; the Company
may not be able to expand production at San Dimas; the Company may
be required to change or may experience delay in its development
and exploration plans with a negative impact on production; the
Company may not discover mineralization in minable quantities; the
exchange rate between the Canadian dollar, the Mexican peso and the
United States dollar may change with an adverse impact on the
Company's financial results; the Company may not be able to become
an intermediate gold producer by building a portfolio of high
quality, low cost precious metals assets in the Americas. Certain
of these factors are discussed in greater detail in Primero's
annual report on Form 40-F for the year ended December 31, 2011, as
amended, on file with the U.S. Securities and Exchange Commission,
and its most recent Annual Information Form and management's
discussion and analysis, as amended, 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.
Contacts: Primero Mining Corp. Tamara Brown VP, Investor
Relations (416) 814 3168tbrown@primeromining.com
www.primeromining.com