Today's Big News
Primero Mining shares soared today after news of a favorable tax ruling by Mexican authorities on their silver purchase agreement:
"Primero Mining Corp. ("Primero" or the "Company") (TSX:P)(NYSE:PPP) announced today that the Company's Mexican subsidiary has received a positive ruling from the Mexican tax authorities (Servicio de Administración Tributaria) on its Advance Pricing Agreement ("APA") filing made in October 2011. The ruling confirms that the Company's Mexican subsidiary appropriately records revenue and taxes from sales under the silver purchase agreement1 at realized prices rather than spot prices effective from August 6, 2010."
I sold all my shares at a big profit. No need to be greedy IMO. With the proceeds I bought some Cardero, Claude and Corvus Gold.
Congrats to all those long Primero!