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kam nachbörslich: Mar. 28, 2011 Brigus Gold reports the successful completion of construction of the new underground infrastructure at its Black Fox Mine (“Black Fox”) and the commencement of underground ore production. Underground and Open Pit Mining On March 24, 2011, Black Fox achieved a significant milestone with the completion of the new 1.1 kilometre ramp leading from surface to the 235 metre level underground. The new ramp enables the Company to use its much larger and more productive haulage fleet as part of the underground mine plan. Underground mining is expected to exceed 250 tonnes per day (“tpd”) of ore at the end of March 2011, achieve commercial production in April 2011 and ramp up to 1,100 tpd by the end of 2011. Mining of ore from the Phase 2 open pit also began on March 23, 2011 following commissioning of the new ventilation and service raise and removal of the old facility. Mining of ore from the Phase 1 of the open pit had been restricted beginning in December 2010 as the Company completed construction of underground infrastructure. The Black Fox Mill is expected to operate at 2,000 tonnes per day with feed coming from both the underground and the open pit. In 2011 the underground mine is expected to produce an average grade of 6.2 grams of gold per tonne (“gpt”) with open pit ore grading at an average of 3.2 gpt. During April 2011, as production from the underground and Phase 2 operations ramps up, less than 20% of ore will come from the low-grade ore stockpiles at an average grade of 1.4 gpt. The combination of these feeds to the mill is expected to enable Brigus to increase gold production quarter-over-quarter in 2011. Wade K. Dawe, Chief Executive Officer and President of Brigus, said, “The completion of the underground development is an important achievement for our company. In the nine months since Brigus was formed, we have focused on completion of the underground development, strengthening our balance sheet and positioning our Company for the future. Now that ore is being mined from both the underground and open pit, we will focus on generating positive cash flow and profitability.” Q1 2011 Production As previously reported, during the underground construction, the Black Fox Mill processed ore from the low-grade stockpiles. In the first quarter of 2011 (“Q1 2011”), the Company estimates that 90% of ore throughput at the 2,000 tpd Black Fox Mill was from these ore stockpiles. The balance of throughput was from open pit ore from the remnants of Phase 1 and initial pre-production underground ore. The Company projects Q1 2011 production of approximately 8,500 ounces of gold. Brigus will provide further information about its 2011 outlook in its announcement of fourth quarter and full year 2010 financial results by the end of this week. http://tmx.quotemedia.com/article.php?newsid=39912674&qm_sym… |
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| aus der Diskussion: | Linear Gold 2008 - jetzt Brigus Gold |
| Autor (Datum des Eintrages): | MFC500 (29.03.11 08:50:04) |
| Beitrag: | 640 von 1,118 (ID:41280157) |
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