Primero Mining Corp
Latest Primero Mining Corp News and Updates

Goldcorp’s cost reduction compared to its peers
Goldcorp’s (GG) all-in sustaining costs (or AISC) are falling. In 2013, its AISC was $1,031 per ounce. It expects the AISC to be in the range of $950–$1,000 for 2014.

How the Surging US Dollar Has Kept Precious Metals in Its Grip
Gold prices once again retreated on Friday, November 25, by $10.3 to close at $1,179 an ounce—the lowest level that gold has seen since February.

Gold Prices Decline as the US 10-Year Treasury Yield Strengthens
COMEX-traded gold futures for June delivery fell marginally by 0.24% and closed at $1,190.30 per ounce on Wednesday, May 6, 2015. Gold prices were down.

Gold Prices Are Expected to Trade in a Narrow Range
The Fed rate hike expectation has been one of the biggest factors driving gold prices for some time. Interest rates have been near zero since 2008.

Gold Prices Trade Flat: Sluggish Demand and Improving US Economy
COMEX-traded June gold futures fell marginally by 0.50% and closed at $1,183 per ounce on May 11. Gold prices traded almost flat—led by weak Asian demand.

Gold Prices Drop Again: Led by the Strong Dollar
Lower gold prices impact gold mining stocks. The US Dollar Index appreciated against the major currencies and increased by 0.06% on May 7, 2015.

Gold Prices Are near $1,200 per Ounce: Led by Depreciating Dollar
Gold June futures contracts trading in COMEX rose by 0.54% and settled at $1,193.20 per ounce on May 5. Prices gained as the US Dollar Index depreciated.

Gold Prices Edge toward $1,200 per Ounce on Inflation Concerns
June gold futures trading in COMEX settled at $1,192.40 per ounce on May 12, 2015. The increase in gold prices was supported by the depreciating dollar.

What Rising Physical Gold Demand Could Mean for Prices
After falling 18% in 1Q17, physical demand for gold seems to have picked up in 2Q17.

The Outlook for Asian Gold Demand in 2017
Physical gold demand India and China constitute ~50% of the global demand for physical gold. These markets are price sensitive, so when gold prices fall, physical gold-buying in these markets provides support for gold. In this article, we’ll see if demand from India and China could accelerate in 2017. Indian gold demand India’s demand for gold […]

Gold Prices Are Steady around $1,180 per Ounce
June gold futures contracts increased marginally by 0.19% and closed at $1,188.80 per ounce on May 28, 2015. Gold prices increased marginally.

What Are Miners’ Correlation Trends?
Gold is the most dominant among the four precious metals. It’s important that investors analyze how miners are moving compared to precious metals.

What the Miners’ Correlation Figures Indicate
If we look at the one-year correlation of miners, Barrick Gold has the lowest correlation with gold, while Eldorado Gold has the highest.

Mining Stocks: Understanding Correlation
When you look at mining stocks’ performance, it’s important to analyze their correlation with gold. These stocks typically take their directional cues from gold, which is the most dominant among precious metals.

Directional Trend in Correlation of Miners: An Analysis
A study of the correlation of mining shares to gold is important since it gives investors an idea of the directional move of miners compared to gold.

Which Elements Impact Precious Metals?
Gold fell for the third consecutive day on October 18, 2017, as the US dollar regained strength. However, October 19 was an up day for gold and silver.

Reading the Directions: How Mining Stocks Are Correlating with Gold
The Sprott Gold Miners (SGDM) and the iShares MSCI Global Gold Min (RING) have risen 10.6% apiece on a YTD (year-to-date) basis.

A Correlation Analysis of Some Important Miners
Among the miners that we’re looking at in this part of the series, Sibanye Gold has the lowest correlation to gold on a YTD basis, while Gold Fields has the highest correlation to gold.

How Miners Correlate to Gold
Mining funds that have a strong relationship to precious metals are the Global X Silver Miners (SIL) and the VanEck Vectors Gold Miners (GDX).

How Miners’ Correlations with Gold in the Past Year Have Trended
On a YTD basis, First Majestic has the lowest correlation to gold, while Primero Mining has the highest correlation to gold.

Reading the Correlation of Mining Shares
Monday, September 25, 2017, was a day of revival for mining shares as tensions in North Korea resurfaced.

How Miners’ Correlation Is Moving in 2017
In this part of our series, we’ll look at the relationships that some miners have with the precious metals they mine.

How the Equity Markets Tracked Gold and Silver This Week
The miners that experienced the greatest losses during the past five trading days were IamGold (IAG), Silver Wheaton (SLW), Goldcorp (GG), and Primero Mining (PPP). These miners fell 7.5%, 6.0%, 6.2%, and 57.5%, respectively.

How Gold, Silver, and Mining Companies Performed on September 18
On September 18, gold fell 1.1% and closed at $1,306.90 per ounce. Of the precious metals, silver fell 3.1% and closed at $17.10 per ounce.

A Correlation Study of Mining Stocks in September 2017
Among the four miners we’re looking at, Gold Fields has the highest correlation to gold on a YTD basis, while Sibanye Gold has the lowest correlation to gold.

The Correlation Analysis of Miners through August 2017
Silver Wheaton has a three-year correlation of ~0.70 with gold and a year-to-date correlation of ~0.80.

Reading the Correlation Trend of the Mining Stocks
Primero and Goldcorp have seen the highest correlation with gold, while Goldcorp has the lowest correlation.

Miners: Correlation Trends in August 2017
Silver Wheaton has the highest correlation with gold, while Franco-Nevada has the lowest correlation.

Analyzing the Gold-Palladium Ratio in August 2017
Palladium is the precious metal with the highest returns on a YTD basis. It has risen 28.6% YTD. The other three precious metals have been slower.

How Precious Metals Have Moved Away from the Dollar
Precious metals once again saw a down day on Thursday, August 3, 2017, except for platinum, which rose 1.1%.

How Precious Metals Remained Glued to the Fed
Gold prices fell once again on Wednesday, July 26, 2017. Gold futures for August expiration were 0.22% lower for the day, settling at $1,249.4 per ounce.

The Fed’s Implications on Gold
Another element that was crucial in determining the directional movement of precious metals was the two-day Federal Reserve meeting.

Behind Gold’s 4-Week High
Gold hit a four-week high on July 24, 2017. Gold futures for August expiration touched a high of $1,259 per ounce on the day, ending up at $1,254 per ounce.

Analyzing the Revivals in Precious Metals Miners
In this part of the series, we’ll look at the technicals of mining stocks such as New Gold (NGD), Newmont Mining (NEM), Gold Fields (GFI), and Primero Mining (PPP).

Unpacking the Technical Indicators for Mining Stocks
Mining stocks have bounced back from the choppy markets we’ve seen over the past month. On July 20, most mining stocks saw upward movements in their prices.

Draghi’s Comments and Precious Metals’ Movements
Precious metals saw an up-day on July 20, 2017, after Mario Draghi said that policymakers would discuss potential changes in the bond-buying program in autumn.

How the UK Elections Played on Precious Metals
Gold fell again on Friday, June 9, 2017, for the third consecutive day. It touched a low of $1,264.80 per ounce and then settled at $1,269.50.

What Led to the Slump in Precious Metals?
Gold retreated on June 8, 2017, by almost 1% to $1277.50 an ounce. Silver and platinum followed, falling 1.2% and 1%, respectively.

Why RSI levels of Mining Shares Are Rising
On June 6, the implied volatilities of Alamos Gold, Primero Mining, Silver Wheaton, and Franco-Nevada were 51.1%, 90.6%, 30.8%, and 24.5%, respectively.

What’s the Correlation between the Dollar and Gold in Last 5 Days?
One of the critical elements that plays on precious metals besides the overall market sentiment is the US dollar.

Platinum Is the Worst Performer So Far—Reading Its Spread
The gold-platinum spread was ~1.3 on April 26, 2017. The gold-platinum spread RSI on that day was 59.

Understanding Mining Stock Volatility in March
Now that mining companies have begun witnessing revivals from their losses earlier this year, it becomes crucial to examine the volatility figures and RSI.

How a Revival in the Dollar Could Affect the Mining Sector
Besides the Fed’s stance, another crucial factor that is playing on precious metals is the US dollar.

Understanding Mining Companies’ Latest Correlation Movements
Amid the recent turbulence in markets, precious metals have begun to rise, but we’ve only seen the slightest positive impact on mining shares.

Understanding the Stake of Fed Sentiment in Gold
Aside from the Trump trauma that gripped markets last week, another specific focus on Friday, March 24, was the Fed.

Examining Miners’ Correlation Trends
For those investors interested in parking their money in mining shares, it’s crucial to understand which stocks are closely tied to precious metals and which aren’t.

Inside Mining Companies’ Correlation Trends
The buoyancy of precious metals could be challenged even more by future interest rate hikes, as the Fed indicated by its latest hike on March 15.

Analyzing the Correlation Trends of Mining Stocks
The uncertainty of the markets not only closely impacts precious metals, but also precious metal mining stocks.

Mining Stocks: An Upward or Downward Correlation to Gold?
Agnico-Eagle Mines has the highest correlation to gold year-to-date. Primero Mining is the least correlated to gold.

Mining Stocks and Gold Prices: Reading the Correlation
It’s important to understand which mining stocks have overperformed and underperformed precious metals.

Analyzing the Correlations of Precious Metals Mining Stocks
Mining companies that have high correlations with gold include B2Gold (BTG), Royal Gold (RGLD), Agnico Eagle Mines (AEM), and Primero Mining (PPP).

Inside Gold’s Upward and Downward Correlation Trends
Precious metal prices have risen due to uncertainty since Donald Trump won the US presidential election.

Analyzing Upward-Downward Correlations of Precious Metal Miners
Mining companies with high correlations to gold include Agnico-Eagle Mines (AEM), Primero Mining (PPP), Silver Wheaton (SLW), and Franco-Nevada (FNV).

Reading the Correlation of Mining Stocks in 2017
Sibanye Gold is the most correlated with gold on a YTD (year-to-date) basis among the four stocks in our review.

How Are Mining Stocks Reacting in 2017?
The rate hike phenomenon in December 2016 played negatively for precious metals.

How Did Precious Metals React to GDP Numbers?
Many of the changes in precious metals are determined by the overall health of the economy.

Analyzing the Correlation of Mining Stocks to Precious Metals
Sibanye Gold is the most correlated with gold on a YTD basis among the four stocks in this review.

Why the Volatility among Mining Stocks?
It’s important to monitor the implied volatilities of large mining stocks as well as their RSI levels—especially after the carnage in precious metal prices.

Mining Stock Volatility and What It Means
The SPDR S&P Metals and Mining ETF and the Vaneck Vectors Junior Gold Miners Fund have seen YTD gains of 6.9% and 14.8%, respectively, as of January 11.

What Was Miners’ Volatility in 2016?
The volatilities of Gold Fields, Agnico-Eagle, Primiero, and Randgold were 25.9%, 20.8%, 33.4%, and 15.2%, respectively, on December 5, 2016.

How Closely Does the US Dollar Track Gold?
Fluctuations in the dollar are a major determinant of changes in the prices of precious metals. Gold and the US dollar mostly have an inverse relationship.

Inside the Volatility and RSI of Mining Stocks
While many investors are watching the Fed’s interest rate stance, others are looking at the fundamentals of South African precious metal mining companies.

What Does Goldman Sachs Forecast for Fund Flows?
After Donald Trump won the US presidential election on November 8, gold initially climbed above $1,300 per ounce. Shortly after that, it was back its original trading range and fell even lower after that.

Is the Correlation of Mining Stocks Moving Up or Down?
Precious metals saw some good news at the beginning of 2016. However, lately, precious metals prices have been falling slowly. As a result, mining stocks have also fallen.

Will Gold Keep a Close Watch on Inflation Numbers?
Donald Trump’s recent victory is shining a light on the possibility of a rise in inflation and how such a rise could work for gold.

How Precious Metals Tumbled after Trump’s Win
On November 14, 2016, Dallas’s Federal Reserve president, Robert Kaplan, said that the US central bank is on track to raise rates soon.

Which Miners Have a Strong Correlation to Gold?
Mining companies that have high correlations with gold include Primero Mining (PPP), Silver Wheaton (SLW), Franco-Nevada (FNV), and RandGold Resources (GOLD). These companies have risen significantly year-to-date.

Reading the Correlations of Mining Companies
The precious metals market has risen in 2016. Despite this trend, it’s important to know which mining stocks are overperforming and which are underperforming precious metals.

Correlation Trends Show These Miners May Be Unstable
The precious metal market has risen in 2016. Despite this trend, it’s important to know which mining stocks are overperforming and underperforming precious metals.

How Strongly Are Miners Correlated to Gold?
The precious metals market has skyrocketed in 2016. Despite this trend, it’s important to know which mining stocks are overperforming and which ones are underperforming precious metals.

Inside the Correlation of Mining Companies to Gold
The precious metals market has skyrocketed in 2016. But it’s important to know which mining stocks are overperforming and underperforming precious metals.
How Has the US Dollar Affected Platinum Prices?
The current weakness in the rand made it fall to all-time lows against the US dollar in early 2016 but has helped mining companies.

Analyzing the Performance of Precious Metal Funds
The amount of money flowing to gold fell. Funds like the SPDR Gold Shares (GLD) and the iShares Silver Trust (SLV) suffered.

What You Can Learn by Reading Gold and Silver Technicals
Gold’s price rally on September 6, 2016, was the biggest increase in the precious metal since June. July and August were disappointing for precious metals.

Analyzing Miners’ Correlation amid Falling Metals
The precious metals market rose in 2016. Gold’s correlation with Agnico-Eagle has risen from a 0.59 three-year correlation to a 0.64 one-year correlation.

How the US Dollar Impacted Precious Metals
Plummeting precious metals on Wednesday, August 17, 2016, were also a result of the comparative strength of the US dollar.

Miners’ Mixed Performance on Tuesday
Mining shares had a mixed reaction on Tuesday, August 16, despite the rise in precious metals. Sibanye Gold (SBGL) and Agnico Eagle Mines (AEM) rose by 0.74% and 0.06%, respectively.

How Are the Correlation Figures Playing on Gold?
Miners that have high correlations to gold include Silver Wheaton (SLW), Cia de Minas Buenaventura (BVN), and AngloGold Ashanti (AU).

Understanding Mining Companies’ Performances in Relation to Precious Metals
Most mining companies reversed 2015 losses in 2016 and have posted substantial gains. The correlation between mining stocks and precious metals is high.

How Do Canadian Miners Correlate to the Price of Gold?
Miners that have strong correlations to gold include Agnico Eagle Mines (AEM), Silver Wheaton (SLW), and Franco-Nevada (FNV).

How Closely Are Miners Correlated to Gold?
Precious metal mining shares that have a high correlation with gold include Sibanye Gold (SBGL), Gold Fields (GFI), and Agnico Eagle Mines (AEM).

Performance of Companies in Metals and Mining Sector on July 18
On Monday, July 18, the stocks related to base metals and precious metals traded with mixed sentiment amid moderate strength in metals.

How Do US Dollar Gains Reduce the Appeal of Precious Metals?
The US dollar is a crucial currency to consider when analyzing the precious metals, as they are priced in the US dollar.

How Are Funds Flowing to Silver?
Demands for gold and silver have risen this year due to the haven bids that followed the global unrest.

Do Gold and the US Dollar Want to Walk Hand-in-Hand?
Usually, the US dollar and precious metals follow opposite paths. However, over the past month, the US dollar and gold have been moving together, both rising.

Analyzing Why the US Dollar Remains Closely Associated to Gold
Most of the time, precious metals and the US dollar are inversely related. A fall in the US dollar is a stimulus for these precious metals.

What Do Mining Companies’ Technicals Indicate?
Miners followed gold Most mining companies reversed their 2015 losses during the first few months of 2016, posting substantial gains. The correlation between mining stocks and gold remains high, and most companies surged following gains in gold. June 24, 2016, remained of considerable importance as gold rose to a two-year high due to additional haven bids on the […]

Why Gold and Silver Posted Another Gain
Gold futures for August expiration rose 0.83% to close at $1,272.70 per ounce on Thursday, June 9, 2016.

The US Dollar Emerges Strong, Precious Metals Fall
The strength of the US dollar impacts precious metals significantly.

What’s Driving Gold and the US Dollar?
DXY surged by 0.74% on a 30-day trailing basis. During the same time frame, precious metals continued to have a downward sentiment.

Why Are Precious Metals Impacted by Changes in the US Dollar?
The US Dollar Index, denoted by the DXY Currency Index, fell 0.18% on Monday, May 16. It accumulated losses close to 0.31% on a 30-day trailing basis.

What’s Next for Gold Investors?
Gold gave steady returns to investors for the first two months of 2016 as unrest and instability continued in the markets. However, March started with some ups as well as downs for gold.

Did Sales Growth in Europe Help Platinum and Palladium?
Palladium has been the best performer during the past 30 days. It earned about 18%—significantly higher than the gains in the other three precious metals.

Why the Fed’s Rate Hike Hesitation Is Helping Gold
The rise in gold also helped funds like the VanEck Vectors Junior Gold Miners ETF (GDXJ) and the leveraged Direxion Daily Gold Miners ETF (NUGT).

Physical Gold Demand Remains Buoyant, Supporting Gold Prices
The World Gold Council’s latest reports for fourth quarter demand show that the demand for gold bars and gold coins has been strong.

Flashback to 2015: Goldman Sachs Was Bearish on Gold
Goldman Sachs expected gold prices to end 2015 at $1,190 per ounce and to fall to $1,000 per ounce in 2016.

Platinum and Palladium Prices Try to Recover
The slump in the Chinese market added to the losses for platinum and palladium. Platinum recovered from its losses. It gained ~1.7% on a year-to-date basis.

Bullish Gold Contracts Rise in 2016
Monday, February 1, 2016, witnessed a massive purchase of 12,196 tons into the SPDR Gold Shares ETF (GLD).

High Gold Prices Drive Inventories on COMEX Down
The soaring demand for gold drove gold inventories down as of February 1. Active movement in the registered category showed a ~73% decline in inventory.

Silver Lining: Worries and Weak Data Keep Driving Precious Metals
Gold prices scored the biggest monthly gain in January of all precious metals, marking the biggest leap for gold in more than a year.