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Brigus Gold Reports Q3 Production and Goldstream R

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Post# of 37
Posted On: 10/10/2012 8:35:07 AM
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Posted By: jimlago

Brigus Gold Reports Q3 Production and Goldstream Repurchase


- Businesswire

Brigus Gold Corp. ("Brigus" or the "Company") produced 19,526 gold ounces in the third quarter of 2012 - an increase of 7 percent over second quarter production of 18,254 ounces. The Company is also pleased to announce that it has secured $30 million in debt financing. $26.4 million of the debt proceeds will be used to repurchase 4 percent of the existing 12 percent goldstream with Sandstorm Gold Ltd. ("Sandstorm"). The debt financing was arranged by Casimir Capital and a finance structure fee is payable in exchange for Casimir's services.


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