Brigus Gold Announces Lower Costs, Higher Production in Q1 Results

Brigus Gold Corp.(NYSE:BRD, TSX:BRD) today announced their financial results for Q1, including the highest quarterly production ever.

As quoted in the press release:

First Quarter 2013 Financial Highlights

Sold 27,818 ounces of gold, a 38% increase over Q4 2012 and a 74% increase over Q1 2012
Cash costs of $630 per ounce decreased 27% versus Q1 2012
Cash position of $31.3 million as of March 31, 2013 increased by $1.5 million

Brigus’s Chairman and CEO, Wade Dawe, said:

We are pleased with the financial results for the quarter. Our strong cash flow generation is a result of record gold production combined with effective cost management throughout the organization. We are confident that the Black Fox mine will continue to perform well throughout the year and the company is well positioned for success in this gold price environment. I would also like to acknowledge and thank our operations and mining team for their excellent work.

To view the whole press release, click here.