HALIFAX, Nova Scotia (Business Wire) -- Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE MKT: BRD)(TSX: BRD) is pleased to announce that Daniel Racine will join the company as Chief Operating Officer (COO) effective August 21st. Mr. Racine is a mining executive with over 25 years of industry experience.
Prior to his appointment at Brigus, Mr. Racine was Senior Vice-President Mining of Agnico-Eagle Mines Limited (“Agnico” or the “Company”) where he oversaw Agnico's global mining operations. Mr. Racine joined Agnico as a junior Mining Engineer in 1988 and took on progressively more responsibility during his career with them. His roles included LaRonde Mine Manager; Vice-President, Operations Manager; and Senior Vice-President Operations. During his 24 years with Agnico, the Company grew from a market capitalization of $300 million with two small operating mines to a global mining leader with a market capitalization of $6.4 billion with five large mines in three countries.
“We are very pleased that Daniel has joined Brigus,” said Wade Dawe, President and CEO of Brigus. “His operational and managerial expertise in underground mining and capital development will be a major asset to Brigus as we continue to grow the company.”
Mr. Racine will be based in the Company's Toronto technical office but will spend a significant amount of time at the Black Fox Mine located in Matheson, Ontario and at the Company's head office in Halifax, Nova Scotia.
“I am looking forward to this new opportunity with a growing Canadian gold producer,” said Daniel Racine. “It is an exciting time for Brigus as the Black Fox Mine continues to ramp up, development of the Grey Fox Mine begins, and other growth opportunities emerge.”
Mr. Racine holds a BSC Mine Engineering degree from Laval University and he is a member of the Ordre des Ingenieurs du Quebec (OIQ) and Professional Engineers of Ontario (PEO).
About Brigus Gold
Brigus is a growing gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company operates the wholly owned Black Fox Mine and Mill in the Timmins Gold District of Ontario, Canada. The Black Fox Complex encompasses the Black Fox Mine and adjoining properties in the Township of Black River-Matheson, Ontario, Canada. Brigus is also advancing the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus has granted Cangold Limited the option to acquire a 75% interest in the Company's Ixhuatan Project located in the state of Chiapas. In the Dominican Republic, Brigus has signed an agreement to sell its remaining interests in three mineral exploration projects.
Cautionary and Forward-Looking Statements
Statements contained in this news release, which are not historical facts, are forward-looking statements that involve risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All statements regarding the ability of the Company to achieve its production, total cash costs, steady state annual production and mining rate estimates; estimated average gold grades for the open pit and underground operations; increase in gold production; increase in profitability; exploration drill results and resource additions, are forward-looking statements and estimates that involve various risks and uncertainties.
Brigus Gold Corp.
Jennifer Nicholson, CA, 902-442-7186
Executive Vice President
jnicholson@brigusgold.com
or
Katherine Burgess, 902-442-7184
Manager, Stakeholder Relations
kburgess@brigusgold.com
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