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Picassa

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Picassa

Re: None

Tuesday, 02/21/2012 8:33:29 AM

Tuesday, February 21, 2012 8:33:29 AM

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The Black Fox Mine produced 14,457 ounces at an average grade of 2.66 gpt in Q4 and 55,756 ounces at an average grade of 2.54 gpt for the full year. Quarterly production met Brigus' revised guidance but was lower than originally anticipated due to a slower ramp up of underground production and higher than expected dilution in the underground. Mgmt remains focused on increasing gold production at its Black Fox mine targeting steady state output of 25,000 ounces per quarter by year-end

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