Brigus Gold Corp. (BRD)

[gharma]

We are close, and I was being generous when I posted cutbacks at 1400 and believe my prior more detailed examination was something like 1325 or 1350 iirc.
It is too bad that the way the numbers are reported working from the net profit figure that they report is the most certain (and to me the only clearly valid and accessible) way to get at the full costs.
The bottomline take-away for me is that with full suspension of development and exploration BRD does appear able to continue, marginally profitably, for extended periods with gold below even Goldman's most recent forecast.
So IMO BRD does appear to be a survivor, whereas a number of newer, smaller producers are not in that position if gold stays suppressed. With luck cost reductions, access to some of the higher grades that have been found near the current operations, etc., will allow BRD to keep some of the growth cap ex and exploration ongoing, but worse case it does look to remain cash positive if forced to curtail these (assuming gold does not dive beyond what is currently imagined as possible, and/or inflation does not drive up costs wildly).