Brigus Gold Corp. (BRD)

[gharma]

Annual 2013 costs dropped . . . with all-in sustaining costs4 of $1,077 per ounce

add about $90 to that just for the new taxes in Mexico

The Company recorded a net loss of $35.9 million ($0.31 per share) for the fourth quarter of 2013 compared with net income of $1.2 million ($0.01 per share) for the fourth quarter of 2012, mainly due to a non-cash deferred tax expense of $35.9 million in the fourth quarter of 2013 related to the recently introduced mining royalty tax in Mexico.

The Company recorded a net loss of $4.3 million ($0.04 per share) in 2013 compared with net income of $49.6 million ($0.54 per share) in 2012 due mainly to recording a deferred tax expense of $35.9 million related to the new Mexican mining royalty tax in the fourth quarter of 2013.