1. PRIMERO MINING CORP. (TSX:P, NYSE:PPP, ASX:PPM) is an exciting precious
metals growth story; a Canadian-based gold and silver producer with established
operations in Mexico. The Company has intentions to become an intermediate
producerbybuildingaportfolioofhighquality,preciousmetalsassetsintheAmericas.
Primero offers exposure to un-hedged gold production with a substantial resource
base in a politically stable jurisdiction. The Company is ideally positioned to deliver
on its aggressive growth plans and create superior shareholder value.
COMMON SHARES TSX:P, NYSE:PPP, ASX:PPM
WARRANTS TSX:P.WT
(Conversion price C$8.00, expire July 20, 2015)
Shares outstanding: 115 million
Fully Diluted1
: 145 million
52 Week Range: $2.43 - $7.89
Market Cap: ~640 million
1. Fully diluted shares include 20.8 million warrants with an exercise price of
CDN$8 per share, expiring on July 20, 2015; and 8.4 million options with an
average exercise price of CDN$5.85.
SOLID PRODUCTION BASE WITH GROWTH
San Dimas – Primero’s producing Gold/Silver
mine, is located in one of the world’s most prolific
gold and silver producing regions, having
historically produced over 11M oz of gold and
590M oz of silver.
Cerro del Gallo1
– Primero’s exciting new Gold/
Silver project in the development stage, is also
located in Mexico, and doubles the Company’s
reserves, and triples its resources.
CASHFLOWANDCAPITALTOFUNDGROWTH
Primero maintains a strong balance sheet which
allowsfinancialflexibility.With$141millionincash,
strongannualcashflowandaprudentlevelofdebt,
Primero is capable of expanding San Dimas and
funding the Cerro del Gallo project internally.
SIGNIFICANT EXPLORATION POTENTIAL
TheSanDimasdistrictremainshighlyprospective
andhasalonghistoryofreservegrowth.Thereare
over120knownveins,withonlyasmallproportion
having been fully explored. The 2013 $15 million
explorationprogramatSanDimaswillagaintarget
replacingdepletionby100%.TheCompanyisalso
optimistic about the exploration upside around
Cerro del Gallo.
PROVEN MANAGEMENT AND BOARD
Primero is led by an experienced management
teamandboard.Theteamhasanimpressivetrack
record of leading some of the most recognizable
growth stories in today’s precious metals sector.
1. 30.8% of Cerro del Gallo project is currently held by a Goldcorp Inc. subsidiary.
Investor Fact Sheet Q2 | 2013
2013 PRODUCTION GUIDANCE 2013E
Gold equivalent production (gold equivalent ounces) 120,000 - 130,000
Gold production (ounces) 90,000 - 100,000
Silver production (million ounces) 6.0 - 6.5
Cash cost - gold equivalent ($ per gold equivalent ounce) $620 - $640
Cash cost - by - product ($ per gold ounce) $280 - $300
2013 forecasts assume an average gold price of $1,700 per ounce; and an average silver price of $8.52 per ounce.*
0.7 Moz 4.5
Gold Reserves grams per
tonne grade
0.8 Moz 3.9
Inferred Gold Resources grams per
tonne grade
GOLD SILVER*
39 Moz 267
Silver Reserves grams per
tonne grade
65 Moz 327
Inferred Silver Resources grams per
tonne grade
* Silver production is subject to a silver purchase agreement, see overleaf for details.
Reserves & Inferred Resources (Dec. 31, 2012) Reserves & Inferred Resources (Dec. 31, 2012)
SAN DIMAS RESERVES & RESOURCES
3.2 Moz 0.48
Gold Measured and Indicated grams/tonne
GOLD SILVER*
70.3 Moz 11.0
Silver Measured & Indicated grams/tonne
CERRO DEL GALLO RESOURCES
Primero Value

2. Gold Gold Gold Equivalent Gold Equivalent
0
100
200
EstimatedProductionProfile
(000 AuEq ounces)
2011 2012 2013E 2014E 2015E
2,500 TPD
3,000 TPD
2,500 TPD
3,000 TPD
2,300 TPD
2,050 TPD
Ventanas
Exploration Property
DURANGO MEXICO
CerroDelGalloProject1
Gold-Silver-Copper Development Project
GUANAJUATO, MEXICO
San Dimas
Gold-Silver Mine
DURANGO MEXICO
SierraMadreTrend
Durango
Mazatlan
Guanajuato
MINE OVERVIEW SAN DIMAS (MEXICO) In August 2010, Primero acquired 100% of
the San Dimas Mine in Durango Mexico. San Dimas is a high-grade, low-cost, gold-silver
underground mine with an estimated mine life of approximately 15 years1
.
DEVELOPMENT CERRO DEL GALLO (MEXICO) In May 2013, Primero acquired 69%2
of
the Cerro del Gallo Gold/Silver project providing shareholders immediate improved
leverage to gold with a significantly larger reserve and resource base, production and cash
flow profile. Primero has the operational and financial strength to advance the project on a
timely basis.
EXPLORATION Primero is currently focused on the exploration and development of Sinaloa
Graben, a high-grade block close to the current production area. The Sinaloa Graben, more
than seven kilometres long by almost two kilometres wide, is within the known Favourable
Zone (boiling zone containing the epithermal silver and gold mineralization). Management
believe there is significant exploration potential within the Sinaloa Graben. Primero is currently
focused on proving this potential and expanding the known mineralized system.
OPTIMIZING SAN DIMAS Primero is committed to maximizing throughput at San Dimas
by ensuring daily throughput is at mill capacity. Plans to control costs by reducing costs per
tonne and improving productivity per man shift are currently in place, and 3D mine planning
is being implemented in order to optimize grade. Primero has also been focused on increasing
the number of active mining faces at San Dimas.
EXPANDING SAN DIMAS In October 2012, Primero announced a mine and mill expansion
of its San Dimas gold-silver mine. The Company has elected a staged approach to the full
expansion and has approved the expenditure of a total $16.5 million to expand the San Dimas
mine and mill to 912,500 tonnes per year or 2,500 tonnes per day. Construction of the mine
and mill expansion began in the fourth quarter of 2012, with an estimated completion during
the first quarter of 2014.
Q2 | 2013
1. 30.8% of Cerro del Gallo project is currently held by a Goldcorp Inc. subsidiary
2. As part of the San Dimas aquistion Primero inherited a silver purchase agreement that requires the first 3.5 million ounces and 50% of the excess of annual silver are sold at $4.12 per ounce (1% annual inflation) and the
balance is sold at spot, which is assumed to be $30 per ounce in 2013.
Forward Looking Statement: This document may contain “forward-looking” statements within the meaning of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. 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. Risks and uncertainties are disclosed under the heading “Risk
Factors” in the Company’s Annual Information Form (AIF) filed with the securities regulatory authorities in all provinces of Canada and available at www.sedar.com.
TRANSFER AGENT
Computershare Trust Company of Canada
100 University Avenue, 9th Floor
Toronto, Ontario, M5J 2N1
Toll Free: 1 800 564 6253
service@computershare.com
CORPORATE OFFICE
20 Queen Street West, Suite 2301
Toronto, Ontario M5H 3R3
Tel: 416 814 3160 Fax: 416 814 3170
www.primeromining.com
INVESTOR INQUIRIES
Tania Shaw, Manager, Investor Relations
info@primeromining.com
Tel: 416 814 3179 Toll Free: 1 877 619 3160
STRONG GROWTH PROFILE1
1. “Gold equivalent ounces” include silver production converted to a gold equivalent
based on estimated average realized commodity prices. 2013: $1,700 per ounce of
gold and $8.52 per ounce of silver ($30 per ounce for ounces sold at spot and ~$4
per ounce for contract ounces), 2013 onwards uses consensus metal prices and
accounts for silver purchase agreement.
SENIOR MANAGEMENT
Joseph F. Conway, President & C.E.O.
Renaud Adams, C.O.O.
David Blaiklock, C.F.O.
Tamara Brown, VP, Investor Relations
H. Maura Lendon, VP, Chief General Counsel
& Corporate Secretary
David Sandison, VP, Corporate Development
Gabriel Voicu, VP, Geology & Exploration