Brigus Appoints Daniel Racine as COO
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.