Brigus Gold BRD.v Looks like they are getting things in order on the production and exploration side. Up 20% since last post
Today Zone 147 Brigus Gold Reports 5.95 Grams Per Tonne Gold over 56.7 Metres from the 147 Zone on the Black Fox Complex
Last week Zone 147 Brigus Reports 26.83 Grams Per Tonne Gold over 15.50 Metres at the Contact Zone on the Black Fox Complex
Zone 147 + 2nd mine potential right down the road from their plant with excess capacity
Large insider buying 1.86 million ounces M & I at Black Fox and Goldfields Grade Open pit = 2.5 - 3.0 g/t Underground = 6.0 g/t Mill capacity 2,000 tpd Recovery rate 92 – 94% Cash Costs per ounce LOM = $650-750
2012 guidance: 77,000 – 85,000 oz Cash costs aroun 800/oz guiding to 700/oz Q4 Market cap about 185mil
2011 Cash flow from operations was $19.1 million and $9.2 million for Q4-11. 2012 Should be much better as capital expendatures should be down and tatal ounces up.
Additional for the future is their GoldFields Saskatchewan open pit project with 1mil oz Reserves
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