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Brigus Gold Reports Annual Production of 98,710 Ounces of Gold

Brigus Gold Corp. is pleased to report annual production of 98,710 ounces of gold from its Black Fox mine, including fourth quarter production of 21,916 ounces of gold.

Brigus Gold Corp.  is pleased to report annual production of 98,710 ounces of gold from its Black Fox mine, including fourth quarter production of  21,916 ounces of gold.

Production Highlights:

  • Produced 98,710 ounces of gold in the year, including 21,916 ounces of gold in Q4 2013,
  • Sold 99,235 ounces of gold in the year, including 20,582 in Q4 2013
  • Average grade of 4.34 gpt and average recovery of 93.9% for the year, including average grade of 3.53 gpt and average recovery of 93.5% in Q4 2013
  • Throughput of 2,063 tonnes per day milled, 752,959 tonnes milled for the year, including throughput of 2,249 tonnes per day milled and 206,914 tonnes milled in Q4 2013
  • Average realized gold price of $1,413 for the year, including $1,271 in Q4 2013 (Excludes the impact of sales under the Goldstream agreement)
As previously announced Brigus and Primero Mining Corp. (“Primero”) have entered into an arrangement whereby Primero will acquire all outstanding common shares of Brigus pursuant to a plan of arrangement to create a diversified, Americas based mid-tier gold producer.  This agreement represents a 45% premium to the closing price as at December 13, 2013 on the Toronto Stock Exchange. Brigus shareholders will own approximately 27% of the issued common shares of Primero on a proforma basis.