Referenced Stocks

Brigus Gold Updates on Q3 Gold Production, Goldstream Repurchase; Shares Hike 3%

By MT Newswires,  October 10, 2012, 11:40:34 AM EDT

Brigus Gold Corp. ( BRD ) is up 3% after issuing a Q3 production and goldstream repurchase statement.

BRD reports that it produced 19,526 gold ounces in Q3 2012; an increase of 7% over Q2 production of 18,254 ounces.

BRD also said that it has secured $30 million in debt financing, $26.4 million of which will be used to repurchase 4% of the existing 12% goldstream with Sandstorm Gold Ltd.

The company continues to forecast full year gold production of 77,000 to 85,000 ounces for 2012.

BRD is up 3.1% at $1.05, trading in a 52-week range of $0.69 - $1.52. Shares have fallen 12% in the last 12 months.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: BRD



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