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TheStreet Open House

Brigus Gold Meets Q2 Production Target

(NYSE MKT: BRD; TSX: BRD) – Brigus Gold Corp. (“Brigus” or the “Company”) is pleased to announce that it has met its production guidance for a second consecutive quarter. During the second quarter of 2012, the Company produced 18,254 ounces of gold at an average grade of 3.30 grams per tonne (gpt) and a projected cash cost of between $800 and $825 per ounce. Production at the Company’s Black Fox Mine continues to increase as development progresses towards larger ore zones at depth.

             
          Ounces Produced           Average Grade  
Q1         16,922           3.04  
Q2         18,254           3.30  
Total         35,176           3.17  
                   

The Q2 production target was achieved despite operating challenges. Severe forest fires in the region resulted in the shutdown of the Company’s Black Fox Mill for four days as well as intermittent suspension of mining operations due to smoke and power supply issues. There was no damage to the Company’s assets or the key safety components of the mill due to the fires.

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