Matheson’s Black Fox Mine is being sold.
Primero Mining Corp. says it will be selling the mine and complex interests to McEwen Mining Inc. for $35-million US. Primero says the company will use this money to reduce its total debt.
President and Chief Executive Officer Joseph Conway says the company will work closely with the site staff to ensure a smooth transition.
The final sale documents are expected to be complete by the end of this month and the sale will close in this year’s third quarter.