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Mining Stock Primero Mining (TSX:P) Makes TSX Top Trader List: Stock Gains over 30% On Tax Ruling
Category: Investment, Gold, Mining
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Visit this company: Primero Mining Corp.
New York, New York - October 5, 2012 (Investorideas.com Mining stocks newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector for independent investors issues a trading alert for the top trader on the TSX for Friday morning . Primero Mining Corp (TSX: P) (NYSE:PPP) makes the top trader list , currently at $6.91, up $1.61 or 30.38% as of 12:15PM EDT on over 4 Million shares.
The stock moved on news 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.
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