HALIFAX, July 9, 2013 /CNW/ - Brigus Gold Corp. ("Brigus" or the
"Company") (NYSE MKT: BRD; TSX: BRD) reports Q2 2013 production results
from the Company's Black Fox Mine.
Second Quarter 2013
Year to Date 2013
Tonnes per day
Average recovery (%)
Average grade (gpt)
Gold production (ounces)
Gold sold (ounces)
Gold price (US$/ounce)(1)
(1) Excludes the impact of sales under the Goldstream agreement
"The second quarter production of 23,304 ounces of gold is a positive
accomplishment for the Company," Said Daniel Racine, Brigus Gold's
President and Chief Operating Officer. "Despite the temporary
suspension of milling activities during this quarter the Company is on
track to meet its original guidance of 90,000 to 100,000 ounces of gold
Production during the quarter was impacted due to a temporary suspension
of milling activities at the Black Fox Mill. As previously reported,
milling operations were suspended for 20 days due to higher than normal
water levels in the holding and water management facilities.
Underground and open pit mining operations were not affected by the
temporary mill suspension and the Company stockpiled ore which was
processed once milling operations resumed.
The Company plans to release its second quarter 2013 financial results
before the start of trading on Monday, August 12, 2013. Senior
management will host a conference call at noon Atlantic Time (11:00
a.m. Eastern Time) on that day to discuss the second quarter results.
Analysts and other interested parties wanting to participate in the call
should dial 1-877-407-8133 (international 201-689-8040) at least 10
minutes prior to the start of the call. No pass code is required. The
teleconference will be recorded. If you are unable to join the
teleconference live, you can dial for playback, toll-free at
1-877-660-6853 (international 201-612-7415), please use conference ID
417707. The event will be archived and available for replay until
midnight on August 26, 2013. The teleconference will also be
accompanied by a presentation made available on the Company's website
About Brigus Gold
Brigus is a growing gold producer committed to maximizing shareholder
value through a strategy of efficient production, targeted exploration
and select acquisitions. The Company operates the wholly owned Black
Fox Mine and Mill in the Timmins Gold District of Ontario, Canada. The
Black Fox Complex encompasses the Black Fox Mine and adjoining
properties in the Township of Black River‐Matheson, Ontario, Canada.
Brigus also owns the Goldfields Project located near Uranium City,
Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In
the Dominican Republic, Brigus has signed an agreement to sell its
remaining interests in three mineral exploration projects. In Mexico,
Brigus owns the Ixhuatan Project located in the state of Chiapas.
Cautionary and Forward‐Looking Statements
Statements contained in this news release, which are not historical
facts, are forward‐looking statements that involve risk, uncertainties
and other factors that could cause actual results to differ materially
from those expressed or implied by such forward‐looking statements. All
statements regarding the ability of the Company to achieve its
production, total cash costs, steady state annual production and mining
rate estimates; estimated average gold grades for the open pit and
underground operations; increase in gold production; increase in
profitability; exploration drill results and resource additions, are
forward‐looking statements and estimates that involve various risks and
uncertainties. This forward‐ looking statements include, or may be
based upon, estimates, forecasts, and statements as to management's
expectations with respect to, among other things, the outcome of legal
proceedings, the issue of permits, the size and quality of the
Company's mineral resources, progress in development of mineral
properties, future production and sales volumes, capital and mine
production costs, demand and market outlook for metals, future metal
prices and treatment and refining charges, and the financial results of
Important factors that could cause actual results to differ materially
from these forward‐looking statements include environmental risks and
other factors disclosed under the heading "Risk Factors" in Brigus'
most recent Annual Information Form and Management Discussion and
Analysis filed under the Company's name at www.sedar.com and annual report on Form 40F filed with the United States Securities
and Exchange Commission at www.sec.gov as well as elsewhere in Brigus' documents filed from time to time with
the Toronto Stock Exchange, the NYSE Amex Equities, the United States
Securities and Exchange Commission and other regulatory authorities.
All forward‐looking statements included in this news release are based
on information available to the Company on the date hereof. The Company
assumes no obligation to update any forward-looking statements, except
as required by applicable securities laws.
SOURCE: Brigus Gold Corp.
For further information:
Director of Investor Relations