Brigus Gold Corp. (BRD)

[MoneyJames]

Brigus Gold’s revenue jumps


May 14, 2013 - 7:08pm By The Chronicle Herald

Brigus Gold Corp. of Halifax said Tuesday that it produced a record 26,316 ounces of gold in the quarter ended March 31.

Revenue from gold sales in the quarter was $43.8 million, up from $25.8 million in the same period last year.

The mid-tier mining company said cash operating costs of $630 per ounce, 27 per cent lower than in the first quarter of 2012, contributed to a material increase in cash flow from operations.

“We are pleased with the financial results for the quarter,” said company chairman and CEO Wade Dawe in a news release.

“Our strong cash flow generation is a result of record gold production combined with effective cost management throughout the organization.”

Brigus has mining projects in Ontario and Saskatchewan.

The company said its Black Fox gold mine near Timmins, Ont., is on track to reach production levels of 90,000-100,000 gold ounces in 2013.


Source:http://thechronicleherald.ca/business/1129471-brigus-gold-s-revenue-jumps