×

BRIEF-Brigus Gold reports Q3 production and goldstream repurchase

Oct 10 (Reuters) - Brigus Gold Corp :

* Reports Q3 production and goldstream repurchase

* Produced 19,526 gold ounces in the third quarter of 2012 - an increase of 7 percent over second quarter production

* Says secured $30 million in debt financing

* Says $26.4 million of debt proceeds to be used to repurchase 4% of existing 12% goldstream with Sandstorm Gold Ltd

* Says under the agreement with Sandstorm Co, may repurchase up to 6 percent of the goldstream until January 1, 2013

* Says continues to forecast full year gold production of 77,000 to 85,000 ounces for 2012

* Says production from the underground portion of the black fox mine is steadily increasing

* Source text * Further company coverage

((Bangalore Newsroom; +1 646 223 8780))