Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Primero Mining Corp. (“Primero Mining” or the “Company”) (NYSE: PPP) securities between October 5, 2012 and February 3, 2016, inclusive (the “Class Period”). Investors who have suffered losses on their investment in Primero Mining securities are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action.

On February 3, 2016, Primero Mining disclosed that its subsidiary, Primero Empresa Minera, S.A. de C.V., had received a legal claim from the Mexican tax authorities that sought to nullify the Advance Pricing Agreement issued in 2012. Upon this news, shares of Primero Mining dropped nearly 27% during intraday trading on February 4, 2016.

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, prospects and performance. Specifically, during the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) PEM was inappropriately recording revenues and taxes from sales under its silver purchase agreement between Primero Mining and Silver Wheaton; and (2) as a result of the foregoing, the Company’s public statements were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you purchased shares of Primero during the Class Period you may move the Court no later than April 15, 2016 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by e-mail to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

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