HALIFAX, Oct. 8, 2013 /PRNewswire/ - Brigus Gold Corp.
("Brigus" or the "Company") (NYSE MKT: BRD; TSX: BRD) reports Q3
2013 production results from the Company's Black Fox Mine.
Q3 Production Highlights:
- Record quarterly production of 27,174 ounces of gold, 76,799
ounces of gold year to date
- Sold 28,344 ounces of gold, 78,652 ounces of gold year to
date
- Average grade of 4.34 gpt and average recovery of 94%
- Record throughput of 2,256 tonnes per day milled, 207,559
tonnes milled for the quarter
- Average realized gold price of $1,330 (Excludes the impact of sales under the
Goldstream agreement)
"Our year-to-date results leave us
well-positioned to deliver on our 2013 production guidance target."
said Daniel Racine, Brigus Gold's
President & Chief Operating Officer. "During the third quarter,
our Black Fox mine achieved record production of 27,174 ounces of
gold, further highlighting the potential of the Black Fox
operation. We remain focused on disciplined capital spending
and maintaining our excellent safety record."
The Company plans to release its third quarter
2013 financial results after market hours on Tuesday, November 12, 2013. Senior
management will host a conference call at noon Atlantic Time
(11:00 a.m. Eastern Time) on
Wednesday, November 13th
to discuss the third 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 100499. The event will be archived and
available for replay until midnight on November 27, 2013. The teleconference will also
be accompanied by a presentation made available on the Company's
website at www.brigusgold.com.
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 the Company.
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.