Brigus Gold Corp. (BRD)

[gharma]

Maybe. The net loss mostly seems hidden in note 5 of the financials, which is not explained much at all with details the "Impairment of assets held for sale" item. Not sure, but it appears 0.7 million of this relates to the revamp of the agreement on the sale of the Huizopa property (note 16)

Anyway, these are one time things and/or adjustments to market which one might hope will some day reverse.

It is also worth, imo, keeping in mind the the all-in sustaining cost number is calculated using ounces sold, not produced, and in Q3 there was 1,170 more ounces sold than produced. If one adjusted that $992 cost to ounces produced one get 1,035. Still very respectable imo showing room for the increased expense announced for drilling to explore the new deep high-grade zone at Black Fox.