Please ensure Javascript is enabled for purposes of website accessibility

Brigus Gold Reports Record Quarterly Production

By Eric Volkman - Apr 8, 2013 at 5:35PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The company produces more than 26,000 ounces in its first quarter.

Brigus Gold (NYSEMKT: BRD) is churning out more of its signature precious metal. The company announced that it posted a record production level of 26,316 ounces in its fiscal Q1 2013. This was significantly higher than the 16,922 ounces it produced in the same period of 2012. It also exceeded Q4's figure of 22,672 ounces.

Most of Brigus' key metrics were up on a year-over-year basis during the quarter. Metric tons milled came in at 183,819, against Q1 2012's 180,965. Gold sold amounted to 27,818 ounces, much higher than the year-ago result of 16,033.

The gold price slipped over that time frame, however, to $1,626 per ounce in the quarter. For Q1 2012, that number was $1,687.

Brigus is slated to release a full set of Q1 financials on May 14.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/21/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.