Brigus Gold is on a roll into 2015

If you are looking for a growing, junior gold miner, that makes profit, is growing it's margin, and resource base, while reducing overall costs of production, look no further than Brigus Gold.

In Q3 Brigus produced a record 22,000 oz and is on track to exceed 100,000 oz producion per year for the forseeable future.  Resource base has grown to over 2 million oz. In October drilling at the Black Fox Mine site hit a whopper of a result at 18.09 grams per ton over 39.60 metres, including 39.45 g/t over 10.35 metres. This, in an industry where 3g/t is considered mineable. That result occured only 2 weeks after hitting a previous whopper of  40.71 gpt Gold Over 26.75 Both if these occured at Brigus's producing Black Fox Mine.  At the same time they began hitting great results at thier Grey Fox property as well. Although headquartered in Halifax Nova Scotia, Brigus mines are situated in the Timmons Ontario gold district which has been one of the most prolific gold producing regions of the world for decades.  Brigus is an anomaly in the junior gold space. Why? Because it has a working gold mine, it produces gold, is profitable and it is growing.

Brigus Gold Corp  Today - .70c per share

Market Cap	$167.8M	Beta	0.98
Revenue (TTM)	$144.1M	EPS	$0.10
Shares Out.	232.1M	Book Value	$1.05
Dividend Yield	0.00%	P/E	7.4x
Annual Dividend Rate	$0.00	Price/Sales (TTM)	1.2
Ex-Div Date	1/1/01	P/Cash Flow (TTM)	2.7x
Pay Date	1/1/01	Operating Margin	14.79%

If you are in the market for a junior gold miner, you should consider Brigus Gold, before the share price catches fire, because I believe it surely will.

Hope you have great results with your Retirefunds.

HP

Brigus reports 49% increase in Gold production output and 40% reduction in "all in" costs of production

Brigus Gold Reports Third Quarter Financial Results 

Brigus Gold Corp. ("Brigus" or the "Company") (NYSE MKT: BRD) (TSX: BRD)
 today reported financial results for the third quarter ended September 30, 2013.

"Brigus delivered strong operating and financial results during quarter three. The Black Fox mine achieved record gold production while costs on a per ounce basis were at an all-time low, and lower than guidance.Moving forward, our top priorities continue to be safe production, cost management, and disciplined capital allocation," commented Wade Dawe, Brigus' Chairman and Chief Executive Officer. "I am proud of our team's operational performance and the fact that our workforce has worked over 1,400 days without a lost time incident."

Third Quarter 2013 Financial Highlights
-- Sold 28,344 ounces of gold, a 49% increase over Q3 2012
-- Cash costs of $617 and All in Sustaining Costs (AISC) of $992 per ounce of gold sold (40% reduction)
-- Made long-term debt repayments of $4.9 million
-- Revenue of $36.9 million, a 22% increase over Q3 2012
-- Adjusted cash flow from operations of $15.5 million, a 38% increase over Q3 2012
Third Quarter 2013 Operational Highlights
-- Produced 27,174 ounces of gold, a 39% increase over Q3 2012
-- Processed 207,559 tonnes of ore (2,256 tonnes per day) at 4.34 grams per tonne and a 94% recovery
-- Averaged 811 tonnes per day from underground at an average grade of 5.69 grams per tonne


During the third quarter of 2013, income from mining operations was $5.9 million. AISC per ounce for the third quarter was $992 per ounce, compared to $1,649 in the third quarter of 2012, a decline of $657 or 40%. Cash costs per ounce decreased by 15% from $728 per ounce in Q3 2012 to $617 per ounce in Q3 2013.
During the quarter the Company's cash balance increased to $21.1 million, compared to $20.9 million at the end of the previous quarter, while the balance sheet was strengthened as long term debt was reduced. Income from mining operations on a year-to-date basis totalled $18.8 million, an increase of $4.7 million compared to the same period in 2012.The increase relates to the 47% increase in ounces sold and an 11% decrease in cash costs, offset by a 10% decrease in the average realized gold price and 58% increase in depreciation and amortization expense. 

Total liabilities decreased by $23.7 million, from $188.7 million as of December 31, 2012, to $165.0 million as of September 30, 2013, and shareholders' equity increased from $232.6 million to $243.8 million year to date.
Cost management continues to be a key focus for the Company.The Company expects capital spending for mine development and other sustaining capital to total $38.5 million in 2013, down from the original estimate of $41.5 million in Q1 2013. The Company reviewed its long-term capital requirements and is forecasting total capital spending on mine development and sustaining capital of $20 - $25 million in 2014.
During the quarter, the Company announced an updated independent NI 43-101 resource estimate for the 147, Contact, and Grey Fox South zones. The resource estimate included a constraining pit shell which had not been included in the previous resource estimates.Highlights include a total of 507,400 indicated ounces (255,000 relating to the underground and 252,400 relating to the open pit) and 228,600 inferred ounces (184,800 relating to the underground and 43,800 relating to the open pit). The underground and open pit cut-off grades were set at 2.84 grams per tonne and 0.72 grams per tonne, respectively. The 147, Contact and Grey Fox South zones remain open for future expansion and drilling continues.
At Grey Fox, Brigus completed an additional 21,458 metres (46 drill holes) of drilling since the June 30th cut-off date and initiated additional metallurgical studies to increase gold recoveries from the 83 percent threshold, as previously reported. Initial results from the ongoing test work have been favourable. The Company is now planning to release a Preliminary Economic Assessment for Grey Fox during the second quarter of 2014.
Exploration Subsequent to quarter end, the Company released two high grade gold intersections from underground drilling at Black Fox. Hole 645-34-W assayed 18.09 grams per tonne gold over 37.80 metres, including 39.45 grams per tonne gold over 10.35 metres. This 37.80 metre mineralized intercept is from a drill interval of 316.9 to 354.7 metres, and remains open as the last sample at 354.7 metres graded 15.34 grams per tonne gold. Therefore, the full thickness of this high grade intercept is unknown at this time. Hole 645-34-W intersected high grade mineralization 30 metres to the west of hole 645-01-W, which assayed 40.71 grams per tonne gold over 26.75 metres, including 103.20 grams per tonne gold over 8.35 metres.In light of these positive exploration results, we have recommenced underground exploration drilling at Black Fox. 12 to 15 holes are planned and will target this new high grade zone.
Third Quarter Webcast and Conference Call A webcast and conference call will be held on Wednesday, November 13th at noon Atlantic Time (11:00 a.m. Eastern Time).
Analysts and other interested parties wanting to participate in the call should dial 1-877-407-8133 (international 201-689-8040) at least 10 minutes prior to the start of the call. No pass code is required. The teleconference will be recorded. If you are unable to join the teleconference live, you can dial for playback, toll-free at 1-877-660-6853 (international 201-612-7415), please use conference ID 100499. The event will be archived and available for replay until midnight on November 27, 2013. The teleconference will also be accompanied by a presentation made available on the Company's website at www.brigusgold.com.
This release should be read in conjunction with Brigus' 2013 third quarter Financial Statements and Management's Discussion and Analysis report at www.brigusgold.com. Brigus' unaudited 2013 third quarter Financial Statements and Management's Discussion and Analysis have been filed with Canadian securities regulators (available at www.sedar.com) and with the U.S Securities and Exchange Commission (available at www.sec.gov). Brigus shareholders may obtain a copy of the financial documents free of charge upon request to the Company.
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 also owns the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In the Dominican Republic, Brigus has signed an agreement to sell its remaining interests in three mineral exploration projects. In Mexico, Brigus owns the Ixhuatan Project located in the state of Chiapas.
Cautionary Note to U.S. Investors Concerning Estimates of Mineral Resources This news release uses the term mineral "resources". The Company advises U.S. investors that while these terms are defined in and required by Canadian regulations, these terms are not defined terms under the U.S. Securities and Exchange Commission ("SEC") Industry Guide 7 and are generally not permitted to be used in reports and registration statements filed with the SEC. The SEC generally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in‐place tonnage and grade without reference to unit measures. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves.
Cautionary and Forward‐Looking Statements Statements contained in this news release, which are not historical facts, are forward‐looking statements that involve risks, 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. This forward‐ looking statements include, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, the outcome of legal proceedings, the issue of permits, the size and quality of the Company's mineral resources, progress in development of mineral properties, future production and sales volumes, capital and mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, and the financial results of the Company.
Important factors that could cause actual results to differ materially from these forward‐looking statements include environmental risks and other factors disclosed under the heading "Risk Factors" in Brigus' most recent Annual Information Form and Management Discussion and Analysis filed under the Company's name at www.sedar.com and annual report on Form 40F filed with the United States Securities and Exchange Commission at www.sec.gov as well as elsewhere in Brigus' documents filed from time to time with the Toronto Stock Exchange, the NYSE Amex Equities, the United States Securities and Exchange Commission and other regulatory authorities. All forward‐looking statements included in this news release are based on information available to the Company on the date hereof. The Company assumes no obligation to update any forward‐looking statements, except as required by applicable securities laws.
SOURCE Brigus Gold Corp.

San Gold Announces High Grade Drill Results at Depth, Nov 4th 2013

San Gold Corporation

TSX : SGR
OTCQX : SGRCF

November 04, 2013 08:00 ET

WINNIPEG, MANITOBA--(Marketwired - Nov. 4, 2013) - San Gold Corporation (TSX:SGR)(OTCQX:SGRCF) today provided updated drilling results from its underground drilling program on 26 Level of the Rice Lake Mine.

Initial results, obtained from the newly established 6140 drill station located approximately 1,170 metres below surface at the eastern extent of the 710 zone, demonstrate robust grades and widths that are accessible from new 26 level development. These zones are located immediately to the hanging wall of the 710 zone and appear to be part of the 007 system at depth. Highlights of this drilling include drill hole 614-13-010 which returned 45.3 g/tonne over 6.1 metres and drill hole 614-13-009 which returned 14.7 g/tonne over 4.1 metres.

The 6140 drill station was established earlier this year in closer proximity to the 710 HW region to follow up on drill hole 613-13-039 which returned 22.5 g/tonne over 4.2 metres and 15.7 g/tonne over 4.1 metres (reported April 24, 2013) and drill hole 607-12-048 which returned 15.1 g/tonne over 11.1 metres (reported November 26, 2012). The Company is planning additional drilling this year to follow up on these results.
"The high-grade region identified in the 710 vein hanging wall represents another important zone discovered as a result of ongoing exploration of the Shoreline Basalt Unit at depth. These results have been obtained within 100 metres of existing infrastructure and can be developed rapidly and with minimal capital expenditure," said Ian Berzins, San Gold's President, CEO and Chief Operating Officer.
Highlights of the preliminary drilling from the 6140 drill station are as follows:

Hole Number		Zone	From (m)	To (m)	Core (m)	Grade† (gpt)	Depth (m)
614-13-009		710 HW	72.2	73.6	1.5	9.5	1173
		710 HW	98.6	102.7	4.1	14.7	1173
614-13-010		710 HW	19.2	21.3	2.1	12.8	1172
		Including	19.5	20.1	0.6	37.0
		710 HW	51.1	57.3	6.1	45.3	1172
		Including	52.1	53.6	1.5	99.1

† Assay values are capped at 102.8 g/tonne (3 oz per ton).

The 710 HW zone is located at the eastern extent of known mineralization at 26 Level of the Rice Lake mine and remains open to the east and northeast. It was identified as part of the Company's ongoing structural analysis to refine the Company's exploration model. This analysis has already yielded numerous new targets within lesser known, near-surface structures (reported September 26, 2013).
Figure 1 provides a graphic illustration showing a plan view of the 710 HW drilling. It can be found here: http://media3.marketwire.com/docs/908847fig1.pdf
Figure 2 provides a graphic illustration showing a section view of the 710 HW drilling. It can be found here: http://media3.marketwire.com/docs/908847fig2.pdf
These figures can also be found on the Company web site (www.sangold.ca) and on SEDAR (www.sedar.com).
This program was carried out by San Gold mine geologists under the supervision of Michael Michaud, P.Geo., the Qualified Person for San Gold under National Instrument 43-101 who has reviewed and approved this news release. Underground drill core samples are assayed on site in the Company's assay lab using the fire assay method with an AA and gravimetric finish. San Gold's quality control and assurance program includes the insertion of standards, the retention of pulps and rejects, and spot checks utilizing independent labs including Accurassay Laboratories of Thunder Bay, ON and Acme Analytical Laboratories Ltd in Winnipeg, MB.
About San Gold
San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Rice Lake Mining Complex near Bissett, Manitoba. The Company employs more than 420 people and is committed to the highest standards of safety and environmental stewardship. San Gold is on the Toronto Stock Exchange under the symbol "SGR" and on the OTCQX under the symbol "SGRCF".
For further information on San Gold, please visit www.sangold.ca.
Cautionary Note
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding forecast gold production, gold grades, recoveries, cash operating costs, potential mineralization, mineral resources, mineral reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable mineral reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements.
There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of precious metals, as well as those factors discussed in the section entitled "Other MD&A Requirements and Additional Disclosure and Risk Factors" in the Company's most recent quarterly Management's Analysis and Discussion ("MD&A"). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Contact Information

San Gold Corporation
Ian Berzins
President, CEO, and Chief Operating Officer
Toll Free: 1 (855) 585-4653
sgr@sangold.ca

San Gold Corporation
Tim Friesen
Investor Relations
Toll Free: 1 (855) 585-4653
sgr@sangold.ca
www.sangold.ca

Brigus digging up more gold at Black Fox Mine

Brigus Drills 18.09 gpt Gold Over 37.80 Metres & Announces Underground Exploration Program at Black Fox 

 Brigus Gold Corp. ("Brigus" or the "Company") (NYSE MKT: BRD; TSX: BRD) is pleased to report a second high grade gold intersection from underground drilling at Black Fox. Hole 645-34-W assayed 18.09 grams per tonne gold over 37.80 metres, including 39.45 grams per tonne gold over 10.35 metres.

 This 37.80 metre mineralized intercept is from a drill interval of 316.9 to 354.7 metres, and remains open as the last sample at 354.7 metres graded 15.34 grams per tonne gold. Therefore, the full thickness of this high grade intercept is unknown at this time. Hole 645-34-W intersected high grade mineralization 30 metres to the west of hole 645-01-W, which assayed 40.71 grams per tonne gold over 26.75 metres, including 103.20 grams per tonne gold over 8.35 metres. 

In light of these positive results, exploration drilling at the Black Fox mine has recommenced and a third drill hole is now in progress. This phase of exploration will consist of 12 to 15 additional holes to be drilled from underground to further test and define the new zone.

"This thick, high grade gold intersection directly below current mining operations confirms the potential to expand our orebody and add significant ounces to the underground mine at Black Fox," said Wade Dawe, Brigus' Chairman and CEO. "Accordingly, we have increased our 2013 exploration budget and recommenced drilling to further test this zone and we look forward to reporting additional results in the coming weeks. Adding new high-quality gold ounces through exploration is the most direct way of increasing value for our shareholders." 

Orebodies in the region, along the Destor Porcupine Fault, often extend to depths of more than 1,000 metres. The Black Fox orebody remains open for expansion both laterally and at depth.
Highlights from Black Fox drilling:

 ____________________________________________________________________
|Hole Number| From |   To |Core Width|Gold Assay |*Gold Assay| Metal |
|           |      |      |          |  (Uncut)  |   (Cut)   |Factor |
|           |      |      |          |           |           |(Uncut)|
|___________|______|______|__________|___________|___________|_______|
|           |  (m) |  (m) |     (m)  |grams/tonne|grams/tonne|grams x|
|           |      |      |          |           |           | width |
|___________|______|______|__________|___________|___________|_______|
|645-34-W   |316.90|354.70|   37.80  |    18.09  |    18.09  |   684 |
|___________|______|______|__________|___________|___________|_______|
|including  |329.45|339.80|   10.35  |    39.45  |    39.45  |   408 |
|___________|______|______|__________|___________|___________|_______|
|645-01-W(  |339.65|366.40|   26.75  |    40.71  |    25.99  |  1089 |
|(1))       |      |      |          |           |           |       |
|___________|______|______|__________|___________|___________|_______|
|including  |339.65|348.00|    8.35  |   103.20  |    66.30  |   862 |
|___________|______|______|__________|___________|___________|_______|

*All high grade assays capped at 300.00g/t. (1) Reported in 16(th)October 2013 Press Release
A Black Fox longitudinal section is shown in Appendix 1.
Underground drilling was conducted by Norex Drilling and was supervised by the Brigus exploration team. All sample analyses reported herein were performed by Accurassy Labs of Thunderbay, Ontario, which is ISO 17025 certified in North America using standard fire assay procedures. Intercepts cited do not necessarily represent true widths, unless otherwise noted. Brigus Gold's quality control checks include insertion of blanks, standards and duplicates to ensure laboratory accuracy. Senior Exploration Project Manager John A. Dixon, P. Geo., reviewed the technical exploration information in this release as the Qualified Person for the Company.

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 also owns the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In the Dominican Republic, Brigus has signed an agreement to sell its remaining interests in three mineral exploration projects. In Mexico, Brigus owns the Ixhuatan Project located in the state of Chiapas.
Cautionary and Forward-Looking Statements Statements 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 Company's ability to successfully expand the Black Fox Complex gold resource, add to Black Fox resources, advance new discoveries to production, convert resource estimates into near-term production, release of an updated mineral resource estimate in 2013 and the Black Fox underground mine exploration drilling program and continue to obtain positive down dip continuity of significant gold mineralization are forward-looking statements and estimates that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from these forward-looking statements include environmental risks and other factors disclosed under the heading "Risk Factors" in Brigus Gold's most recent Annual Information Form and Management Discussion and Analysis filed under the company's name at www.sedar.com and annual report on Form 40-F filed with the United States Securities and Exchange Commission at www.sec.gov and elsewhere in Brigus Gold's documents filed from time to time with the Toronto Stock Exchange, the NYSE Amex, the United States Securities and Exchange Commission and other regulatory authorities. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws. Source: Brigus Gold Corp.
SOURCE Brigus Gold Corp.
Image with caption: "Appendix 1: Black Fox longitudinal section (CNW Group/Brigus Gold Corp.)". Image available at: http://photos.newswire.ca/images/download/20131031_C9151_PHOTO_EN_32800.jpg
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/October2013/31/c9151.html
SOURCE: Brigus Gold Corp.

Investor Relations Contact Information Morgan Tyghe Director of Investor Relations
(416) 214-9867 mtyghe@brigusgold.com www.brigusgold.com

Gold production up at Brigus Gold's Black Fox Mine.

Brigus Gold Exceeds Q1 Production Target9:15AM ET on Monday Apr 08, 2013 by Business Wire
Brigus Gold Corporation ("Brigus" or the "Company")(NYSE MKT: BRD; TSX: BRD) is pleased to announce record production levels of 26,316 gold ounces in the first quarter of 2013.

"Operationally Brigus has never been stronger," said Daniel Racine, Brigus' President and Chief Operating Officer. "Much of our production success can be attributed to the underground gold grades which continued to exceed reserve grades during the quarter."

      Operating Results        First Quarter   Change  Fourth Quarter   Change
                             -----------------         --------------
                               2013     2012                2012
---------------------------  -------  -------  ------  --------------  -------
Tonnes milled                183,819  180,965   2,854         185,727  (1,908)
---------------------------  -------  -------  ------  --------------  -------
Tonnes per day                 2,042    1,989      53           2,019       23
---------------------------  -------  -------  ------  --------------  -------
Average recovery (%)              94       96     (2)              94        -
---------------------------  -------  -------  ------  --------------  -------
Average grade (gpt)             4.74     3.04    1.70            4.04     0.70
---------------------------  -------  -------  ------  --------------  -------
Gold production (ounces)      26,316   16,922   9,394          22,672    3,644
---------------------------  -------  -------  ------  --------------  -------
Gold sold (ounces)            27,818   16,033  11,785          20,175    7,643
---------------------------  -------  -------  ------  --------------  -------
Gold price (US$/ ounce) (1)   $1,626   $1,687   $(61)          $1,712    $(86)
---------------------------  -------  -------  ------  --------------  -------

(1) Excludes the impact of sales under the Goldstream agreement

Brigus Gold produced a total of 26,316 gold ounces in Q1 2013, a 16 percent increase from the 22,672 ounces produced in the fourth quarter of 2012 and a 56 percent increase over the same period in 2012.

The Black Fox mill processed 183,819 tonnes of ore at an average grade of 4.74 grams of gold per tonne and an average recovery of 94 percent in the quarter. Throughput averaged 2,042 tonnes per day.
The Company will release complete first quarter financial and operational results on May 14, 2013.
2013 Outlook In 2013, Brigus will fund Black Fox and Grey Fox operations with internally generated cash flows. Brigus' production guidance for 2013 is 90,000 to 100,000 ounces and cash costs are anticipated to be in the range of $700 - $750 per ounce.

Capital costs for 2013 are forecasted as follows; $16 million (M) for underground sustaining capital, $6M for development capital relating to the underground, $13M for open pit capital stripping and overburden removal, $6M for property plant, equipment and other capital items, $2.5M for underground exploration, and $12M for development of the Grey Fox Mine and exploration on the Black Fox Complex.

The Company remains focused on increasing gold resources at Grey Fox and at the Black Fox underground mine through targeted exploration drilling which will continue throughout the year.

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 the 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; 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. This forward-looking statements include, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, the outcome of legal proceedings, the issue of permits, the size and quality of the Company's mineral resources, progress in development of mineral properties, future production and sales volumes, capital and mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, and the financial results of the Company.
Important factors that could cause actual results to differ materially from these forward-looking statements include environmental risks and other factors disclosed under the heading "Risk Factors" in Brigus' most recent Annual Information Form and Management Discussion and Analysis filed under the Company's name at www.sedar.com and annual report on Form 40-F filed with the United States Securities and Exchange Commission at www.sec.gov as well as elsewhere in Brigus' documents filed from time to time with the Toronto Stock Exchange, the NYSE Amex Equities, the United States Securities and Exchange Commission and other regulatory authorities. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws.


SOURCE: Brigus Gold Corporation

Brigus Gold Corporation 
Kate Wood, (902) 442-7184 
Manager, Investor Relations 
kwood@brigusgold.com

San Gold increases production and resource estimates for Rice Lake Mine

San Gold Corporation

TSX : SGR
OTCQX : SGRCF

February 08, 2013 07:00 ET

San Gold Provides Update on Rice Lake Activities: Resource Estimation, Mine Development and Production, Guidance and Exploration

WINNIPEG, MANITOBA--(Marketwire - Feb. 8, 2013) - San Gold Corporation (the "Company") (TSX:SGR)(OTCQX:SGRCF) announces an updated mineral resource and mineral reserve estimate, 2012 production results with guidance for 2013 & 2014 and an exploration update for the Company's 100% owned Rice Lake Mining Complex (the "Property") located in Bissett, approximately 235 kilometres northeast of Winnipeg, Manitoba, Canada. The Property has a permitted, modern gold mill currently processing ore at a capacity of 2,500 tons per day, as well as modern surface infrastructure, including a licensed tailings management facility and is connected to the Manitoba power grid system.
Highlights

• Proven and Probable mineral reserves of 253,000 ounces, an increase of 21% from March 31, 2012 (an increase of 75% after accounting for mined ounces).
• Measured and Indicated mineral resources of 655,000 ounces, an increase of 17% from March 31, 2012 (an increase of 32% after accounting for mined ounces).
• Highest ever production in 2012 of 86,506 ounces of gold, an increase of 17% over 2011.
• Milling capacity was significantly increased during the year to 2,500 tons per day from 2,000 tons.
• Continued exploration success along the depth extension of the 007 zone that returned 12.6 g/t gold over 6.0 metres and 15.5 g/t gold over 11.1 metres.

Development Outlook for 2013

The objective of the development program, from 2013 onwards, is to increase mine production to match the current mill capacity. Development will take place within the Property in four main areas, on 26 Level, 16 Level, A-Shaft of the Rice Lake mine and within other active mining areas of the 007, Hinge, Cohiba and L13 deposits. (refer to Figures 1&2 on projected timelines)

• On 26 Level of the Rice Lake mine, the Company is driving a 150 metre drift, to begin definition drilling of the 007 deposit, and a 300 metre access drift to allow mining of the 710 deposit. Mining in this region is targeted to begin in early 2014.
  
  
• On 16 Level of the Rice lake mine, the Company is constructing a new A-Shaft ore handling system and 1,200 metres of tracked haulage drifts to access the Hinge district from 720 metres below surface. Development work will continue in 2014 to access the 007 deposit. Mining is targeted to begin in early 2014 in the Hinge district, with operations commencing in the 007 deposit later in the year.
  
  
• A-Shaft is being reconfigured with new ropes, guides, drum, and skips in anticipation of increased production from the 16 and 26 levels. Once complete, A-Shaft is expected to have up to 2,500 tpd capacity from 26 Level and 3,000 tpd capacity from 16 Level.
  
  
• Within the active mining regions, the Company is planning 6,800 metres of development to provide access for mining operations, drill stations, services, and ventilation.
  
  

Once the development is complete, the operations team will have access to multiple faces, which will lead to significantly higher production rates and lower cash costs per ounce.

2012 Preliminary Operating Results
The Company is also pleased to announce highest ever production in 2012 of 86,506 ounces of gold with approximately 16,370 tons of ore remaining in surface stockpiles at year end. Overall, the Company produced 17% more gold in 2012 compared with the 74,280 ounces of gold produced in 2011. Production levels decreased marginally during the fourth quarter and lower than planned grades were realized in several stoping blocks at the 007 mine. Additionally, grades were lower due to an increased focus during the quarter on ore development work.

Gold production was 19,019 ounces during the fourth quarter resulting in gold production of 86,506 ounces for the year. For the quarter, 168,088 tons were milled resulting in a total of 629,279 tons for the year. 171,351 tons were mined during the quarter resulting in a total of 615,142 tons mined for the year. Average feed grade during the quarter was 4.22 grams per tonne gold (0.123 opt) resulting in an average feed grade of approximately 5.07 grams per tonne gold (0.148 opt) for the year. Mill recovery during the quarter was 92.6% resulting in an average recovery of 93.1% for the year.

MINERAL RESOURCE AND RESERVE ESTIMATE
The following table provides a detailed summary of the Company's mineral resources and mineral reserves, as of December 31, 2012. A detailed technical report has been filed on SEDAR.

Mineral Reserves
		Tons		Gold Grade					Insitu
				oz/ton		(g/tonne)			ounces
Rice Lake Mine
Proven Reserves		47,400		0.20		(6.90	)		9,500
Probable Reserves		327,300		0.18		(6.26	)		59,800
Proven and Probable		374,700		0.18		(6.34	)		69,300
Hinge District
Proven Reserves		37,800		0.14		(4.87	)		5,400
Probable Reserves		344,800		0.11		(3.78	)		38,000
Proven and Probable		382,600		0.11		(3.88	)		43,400
007 Zone
Proven Reserves		254,200		0.18		(6.24	)		46,200
Probable Reserves		478,800		0.13		(4.58	)		63,900
Proven and Probable		733,000		0.15		(5.15	)		110,100
Hanging Wall Zones (Cohiba, Cartwright L13)
Proven Reserves		37,600		0.14		(4.69	)		5,200
Probable Reserves		171,200		0.14		(4.93	)		24,600
Proven and Probable		208,800		0.14		(4.89	)		29,800
Normandy Shear (SG1, SG2, SG3)
Proven Reserves		-		-		-			-
Probable Reserves		-		-		-			-
Proven and Probable		-		-		-			-
Total Project
Proven and Probable		1,699,200		0.15		(5.10	)		252,600

Mineral Resources
		Tons		Gold Grade					Insitu
				oz/ton		(g/tonne)			ounces
Rice Lake Mine
Measured Resource		226,300		0.24		(8.21	)		54,200
Indicated Resource		770,200		0.24		(8.07	)		181,200
Measured and Indicated		996,500		0.24		(8.10	)		235,400
Inferred Resource		1,709,800		0.29		(9.80	)		488,500
Hinge District
Measured Resource		96,200		0.16		(5.65	)		15,900
Indicated Resource		480,900		0.13		(4.50	)		63,000
Measured and Indicated		577,100		0.14		(4.69	)		78,900
Inferred Resource		1,564,300		0.13		(4.48	)		204,500
007 Zone
Measured Resource		225,000		0.24		(8.18	)		53,700
Indicated Resource		868,800		0.15		(5.11	)		129,600
Measured and Indicated		1,093,800		0.17		(5.75	)		183,300
Inferred Resource		8,513,300		0.14		(4.89	)		1,214,700
Hanging Wall Zones (Cohiba, Cartwright L13)
Measured Resource		39,100		0.16		(5.57	)		6,400
Indicated Resource		336,100		0.19		(6.55	)		64,200
Measured and Indicated		375,200		0.19		(6.45	)		70,600
Inferred Resource		3,508,900		0.19		(6.64	)		679,700
Normandy Shear (SG1, SG2, SG3)
Measured Resource		-		-		-			-
Indicated Resource		387,300		0.22		(7.70	)		86,900
Measured and Indicated		387,300		0.22		(7.70	)		86,900
Inferred Resource		1,220,800		0.22		(7.44	)		265,000
Total Project
Measured and Indicated		3,429,900		0.19		(6.55	)		655,100
Inferred Resource		16,517,100		0.17		(5.92	)		2,852,500

NOTES TO MINERAL RESOURCE AND MINERAL RESERVE ESTIMATE TABLE:

• Mineral resource and mineral reserve estimates are in accordance with the CIM Definition Standards on Mineral Resources and Mineral Reserves adopted by CIM Council, 2010.
• Tonnage and in situ ounce estimates have been rounded to the nearest hundred.
• Proven and probable mineral reserves are included in the measured and indicated mineral resources.
• The mineral reserve estimate is based on a 2.7m (9ft.) minimum mining width, a SG 2.7 to 2.8 (tonnage factor of 11.4 ft3/ton), a gold price of US$1,300 - US$1,500 per ounce (100% exchange) and a 93% mill recovery.
• A 3.55-4.09 g/tonne (0.10-0.12 ounce/ton) cut-off grade has been applied to deposits accessed from the Rice Lake mine shaft, while a 3.00-3.47 g/tonne (0.09-0.10 ounce/ton) cut-off grade has been applied to deposits accessed via the Hinge/007 ramp.
• Assays were capped at 102.9 g/tonne (3.0 ounces/ton) for drill holes and chip samples.
• Inferred mineral resources are not in the current mine plan and therefore do not have demonstrated economic viability.
• The mineral resource and mineral reserve estimate as of December 31, 2012 was prepared under the supervision of Dale Ginn, P.Geo., and Michael Michaud, P.Geo., Qualified Persons within the meaning of National Instrument 43-101.
• The data in this table was prepared by the Company's geology and engineering teams led by: Chief Geologist, Doug Berthelsen (P.Geo); Chief Engineer, Joe Hunter (P.Eng); Senior Resource Geologist, Shawn Horte and Resource Geologist, Jonna Deutscher.

Outlook
The Company is providing preliminary guidance of between 85,000 to 95,000 ounces of gold with cash costs of under $800 an ounce for 2013; 95,000 to 105,000 ounces of gold for 2014 and 105,000 to 115,000 ounces of gold for 2015. The Company continues to focus on its higher margin, near surface mines with minimal production from its Rice Lake mine where development activities are taking precedence. The Rice Lake mine is scheduled to recommence normal production levels in late 2014 to early 2015; when it is expected to become an important contributor to production growth. Historically, the Rice Lake mine has accounted for 20% of overall production. The Company is forecasting annual capital development costs in the range of $45-$55 million for the years 2013 and 2014.
"2013 will mark another significant step forward in the evolution of the Rice Lake Mining Complex by extending operational access beneath the current mining areas at the 007 and Hinge mines, which have combined resources capable of sustaining production for the next ten to fifteen years. This development will provide the drill platforms we need to increase mineral reserves for long-term mine planning and will also provide access for continued exploration of targets located along strike from known deposits at depth. We continue to be excited about the resource potential at depth as recent drill results below 26 Level confirms continuity of the geological structures," said San Gold President and Chief Executive Officer, George Pirie.

2013 Exploration Program
Exploration activities in 2013 will continue to focus on definition and extension at the known zones and exploration drilling at other advanced targets on the mineral lease and in the surrounding Rice Lake area with a planned budget of $17 million that includes approximately 130,000 metres of core drilling. The highlights of the 2013 exploration program are as follows:

• Surface drilling at the Normandy Creek, SG1 and SG3 zones located east of the 007 zone to better define the mineral resource and possible extensions that have the potential to add to the current mineral resource base and provide incremental feed to the mill at some future time;
• Continue to refine geologic model and complete follow-up exploration on recent drill results from the 710 lens of the 007 zone near the 26 level that returned 12.6 g/t gold over 6.0 metres and 15.5 g/t gold over 11.1 metres (see press release dated November, 26, 2012) that indicates that zone extends up and down dip considerable distances and there remains many isolated drill intersections that require follow-up drilling;
• Surface drilling at more conceptual property and regional-scale targets, in particular in areas where east-west trending shear zones intersect more mafic volcanics and gabbroic rocks that are known to host the majority of the gold mineralization at the Rice Lake mine and 007 mine, and where limited drilling has returned anomalous gold values;
• Commence initial regional surveys and first phase of drilling at the recently acquired Atikwa Lake project (recently purchased from Opawica Explorations Inc. - see press release dated June 19, 2012), where 2011 drilling returned 309 metres grading 0.59 g/t gold; and
• Continue to support SGX Resources Inc. (31.5% ownership) that has experienced exploration success at their Timmins South - Edleston Zone (high-grade underground and open pit potential) and Timmins North - Tully Township (established mineral resources and remains open in all directions).

The Company currently has five drills operating at the Rice Lake Mining Complex and will be providing drilling results from these exciting projects throughout the year.

About San Gold
San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Hinge, 007, and Rice Lake mines near Bissett, Manitoba, approximately 235 kilometres northeast of Winnipeg, Manitoba, Canada. The Rice Lake Project has a permitted, modern gold mill currently processing ore at a capacity of 2,500 tons per day, modern surface infrastructure including a licensed tailings management facility, and is connected to the Manitoba power grid system. The Company employs more than 400 people and is committed to the highest standards of safety and environmental stewardship. San Gold is on the Toronto Stock Exchange under the symbol "SGR" and on the OTCQX under the symbol "SGRCF".
Dale Ginn, P.Geo., the Qualified Person for San Gold under National Instrument 43-10, has reviewed and approved the press release.
For further information on the Company, please visit www.sangold.ca.
Cautionary Note
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding forecast gold production, gold grades, recoveries, cash operating costs, potential mineralization, mineral resources, mineral reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable mineral reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements.
There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of precious metals, as well as those factors discussed in the section entitled "Other MD&A Requirements and Additional Disclosure and Risk Factors" in the Company's most recent quarterly Management's Analysis and Discussion ("MD&A"). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Exploration results that include geophysics, sampling, and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics, and economic potential to be classed as a category of mineral resource. A mineral resource that is classified as "inferred" or "indicated" has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category of resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into proven and probable reserves.
To view figure 1, please visit the following link: http://media3.marketwire.com/docs/SGRfig1.pdf
To view figure 2, please visit the following link: http://media3.marketwire.com/docs/SGRfig2.pdf

Contact Information

• 
  
  San Gold Corporation
  Dale Ginn, P.Geo
  Qualified Person and Executive Vice Chairman
  Toll Free: 1 (855) 585-4653
  info1@sangold.ca
  
  San Gold Corporation
  George Pirie
  President and CEO
  Toll Free: 1 (855) 585-4653
  info1@sangold.ca
  
  San Gold Corporation
  Manish Grigo
  Director Investor Relations
  Toll Free: 1 (855) 585-4653
  info1@sangold.ca
  www.sangold.ca