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Stock Market & Financial Investment News

News Breaks
September 6, 2012
08:35 EDTBRDBrigus Gold provides Q3 production update
Brigus Gold provided a production update for Q3. Brigus Gold has revised and optimized production and development priorities at the Black Fox Mine. Gold production continues to increase, but the company is making adjustments to mining and development plans in order to develop new ore zones which will enable growth and higher production levels for the long term. While development of this zone is progressing, mining in other areas will be marginally reduced. Production will commence on schedule during Q4. To compensate for reduced tonnage from underground in the short term, the company is processing lower grade stockpiled material from the open pit. As a result, gold production in Q3 will be incrementally higher than Q2 but will be less than previous estimates. Diamond drilling on the eastern side of the underground is producing encouraging results. Brigus is on track to meet its annual gold production guidance for 2012.
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May 22, 2013
08:23 EDTBRDBrigus Gold temporarily suspends milling operations at Black Fox Mill
Brigus Gold 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. 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.
May 8, 2013
16:40 EDTBRDBrigus Gold drills deepest high grade intersection to date at Grey Fox
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