The Globe and Mail reports in its Wednesday edition that Desjardins Securities analyst Michael Parkin says the potential for Primero Mining's ($4.86) San Dimas mine in Mexico is currently being overshadowed by concerns about its Black Fox mine in Timmins, Ont. The Globe's David Leeder writes in the Eye On Equities column that Mr. Parkin says the San Dimas mine is performing well, with good levels of production at relatively low costs. He says: "Structural changes may bring further upside to this asset, but we feel the progress of this mine is being greatly overshadowed by the slow turnaround at Black Fox. We expect it will take a couple of good quarters to prove to the market that the asset has good potential." The analyst raised his estimates for San Dimas based on its "strong operational performance." He says that forecast will help to offset the negative revisions he made for Black Fox in the second quarter. He says Primero will likely aim to find a secondary source for ore as the open pit at Black Fox will become fully depleted by the third quarter and its underground mine rate is less than half of the facility's capacity. He lowered his price target to $5.75 from $6 and maintained his "hold" rating.