Brigus Gold Corp. Hits 2012 gold production targ
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Brigus Gold Corp. Hits 2012 gold production target
Halifax, Nova Scotia; January 7, 2013
(NYSE MKT: BRD; TSX: BRD) – Brigus Gold Corp. ("Brigus" or the "Company") is pleased to announce record production levels of 22,672 gold ounces in the fourth quarter of 2012. The Company finished the year within the guidance set on February 21, 2012 of 77,000 – 85,000 ounces with a total of 77,374 ounces.
"We finished the year in a very strong position and are well poised for growth heading into the new year," said Wade Dawe, Brigus’ Chairman and Chief Executive Officer. "Gold production increased each quarter in 2012, a trend that will continue into 2013 as we reach annual steady state production levels." The Black Fox mill processed 185,727 tonnes of ore at an average grade of 4.04 grams of gold per tonne and an average recovery of 94 percent in the quarter. Throughput averaged 2,019 tonnes per day. The Company will release complete fourth quarter and year-end financial and operational results on March 28, 2013.
2013 OUTLOOK In 2013, Brigus will fund Black Fox and Grey Fox operations with internally generated cash flows. Mining operations will continue to be profitable and cash flow positive as gold production increases. Brigus’ production guidance for 2013 is 90,000 to 100,000 ounces and cash costs are anticipated to stabilize in the range of $700 - $750 per ounce. Capital costs for 2013 are forecasted as follows; $16 million (M) for underground development, $13M for open pit capital stripping and overburden removal, $20M for property plant, equipment and other capital items, and $10.5M for Grey Fox and Black Fox underground exploration. Capital costs for the development of the Grey Fox mine will be outlined in the feasibility study scheduled to be released during the second half of 2013. The Company remains focused on increasing gold resources at Grey Fox and at the Black Fox underground mine through targeted exploration drilling which will continue throughout the year. http://www.snl.com/IRWebLinkX/file.aspx?IID=4...1500045697 Brigus Gold Intersects High Grades at 147 Zone Halifax, Nova Scotia; January 9 , 2013 Brigus Gold Corp. ("Brigus" or the "Company") (NYSE Amex: BRD; TSX: BRD) reports that results from its ongoing drilling program at the 147 Zone on its Grey Fox property in the Gold District of Timmins, Ontario, Canada, include high grade intercepts of 14 grams per tonne over 35 metres and 4.7 grams over 29 metres. Brigus Senior Vice President Exploration Howard Bird said, "These impressive drill hole intercepts are among the best returned from the 147 Zone. These results extend the ore body to a true vertical depth of 300 metres below surface and most importantly the zone remains open for further expansion." Highlights from the 147 Zone drill holes reported today (all assays capped at 100 gpt gold, average gold grades over core length widths) include: Hole Number From (m) To (m) Core Length (m) Gold Assay (gpt) Grams X Width GF12-485 186.50 190.30 3.80 5.00 19 226.00 261.00 35.00 3.79 133 including 249.30 261.00 11.70 6.98 82 GF12-491 196.00 244.00 48.00 3.37 162 GF12-506 186.00 224.00 38.00 2.40 91 including 189.80 195.00 5.20 6.83 36 GF12-587 246.00 267.00 21.00 6.00 126 including 258.00 265.00 7.00 11.62 81 GF12-626 203.00 270.20 67.20 3.40 228 300.90 320.00 19.10 1.26 24 328.00 357.40 29.40 4.68 138 including 330.00 332.00 2.00 13.73 27 including 350.00 357.40 7.40 11.31 84 GF12-646 201.40 204.40 3.00 7.89 24 343.00 378.00 35.00 13.97 489 including 367.00 375.00 8.00 47.28 378 384.00 404.80 20.80 1.58 33 including 402.00 404.80 2.80 6.66 19 http://www.snl.com/IRWebLinkX/file.aspx?IID=4...1500045743 Winter 2013 Presentation http://www.snl.com/IRWebLinkX/file.aspx?IID=4...1500045727 Kevin Michael Grace http://resourceswire.com/2013/01/brigus-gets-embiggened/
Brigus Gets Embiggened CEO Wade Dawe Discusses High Grade and Mine Expansion
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