Brigus Gold Corp. (BRD)

[MoneyJames]

Brigus Gold Reports Temporary Suspension of Milling Operations

BusinessWire · May 22, 2013 | Last Updated: May 22, 2013 8:22 AM ET

Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE MKT: BRD; TSX: BRD) reports that due to abnormally heavy rainfall and melting of the remaining snowpack, water levels in the holding facility and water management facilities at the Black Fox Mill are higher than recommended. As a precautionary measure the Company has temporarily suspended milling operations at the Black Fox Mill. This suspension occurred on May 12th, 2013, and since then the Company has been actively treating and reducing water levels in the holding facility and water management facilities. Milling operations will resume when water levels have been normalized. Underground and open pit mining operations at the Black Fox Mine are not affected and the Company is stockpiling ore to be processed once milling operations are resumed.

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This is unfortunate, but as long as the actual mining is unaffected, I don't think Q2 results will take a hit. They can process the stockpiled ore once water levels drop.
If Q2 results are affected, they will still get it processed before the end of 2013 atleast, so we will still meet targets.