Page 34 Contd on pg 35 T he C en tr e of G r o wth in N or thern O n tario C all J ames a t 705 6723363 e x t 4137 or email jfr ankst emisk amingshor es c a f or mor e inf or ma tion www t emisk amingshor es c a MINING DRILLING C ONSTR UC TION F ARMING A UT OMO TIVE D ymond Business Pa r k AugustNOB2013ProcessTHBS T emisk aming T emisk aming S hor es C obalt La t chf or d T emagami M a tachew an C har lt on Englehar t E lk Lak e Ir o quois F alls R amor e G o gama S hining T r ee S hining T r ee S hining T r ee S hining T r ee Onaping F alls V alle y E ast W ar r en F abr e T emisc aming S tur geon F alls E spanola R apideS ept W innew a y C allander M at t a wa A mos V al Dor M alar tic La S ar r e S ain tG er ar dD eB er r y T immins C o chr ane Sudbur y K ir k land Lak e N or th B a y N or th B a y N or th B a y R ouynN or anda M a theson 30 minut es 30 minut es 90 minut es 90 minut es 60 minut es minut es 150000 150000 ppl 35000 35000 ppl 25000 25000 ppl A cc essible D ir ec tly A djac en t t o Highw a y 11 NE On tar io s pr imar y T r ansp or ta tion A r t er y S table C en tr ally lo c a t ed in one of N or ther n On tar io s most div ersi ed and stable ec onomic r egions A ff or dable F ully ser vic ed lots with e xible pur chase t er ms Business F r iendly J oin an ac tiv e business c ommunit y and a str ong r etail and ser vic e sec t or supp or t ed b y a business fr iendly municipalit y S iz e r ange F r om 1 t o 20 A cr es in increased cash fows from our min ing operations Last month Brigus adopted the guidelines recently provided by the W orld Gold Council when reporting various mining costs These guide lines will provide valuable informa tion for investors when comparing costs of one company relative to another When we reported our Q2 fnancial results we reported allin sustaining cash costs for the frst time and we will continue to do so Our cost structure at Brigus com pares favorably to many of our peers in Canada and globally and our costs on a per ounce basis continu e to de cline It s important to note that our Black Fox mine was in a ramp up and de velopment phase during 2012 and the frst half of 2013 W e have made the required investment to reach a pro duction threshold of 100000 ounces annually and our capital requirements and cash outlays are now declining 3 Balance sheet management includ ing debt reduction Since Brigus was formed in June of 2010 the company raised both debt and equity from the capital markets to fund the development and expansion of our mine Now that the construction and major development phase of our Black Fox mine is comple te a key priority is to utilize a portion of the resulting cash fows to reduce long term debt levels In the frst half of 2013 Brigus long term debt decreased by 73 million and the company is forecasting to make an additional 99 million Cdn of principal payments during the sec ond half of the year a trend that will continue in 2014 4 Focused exploration to increase Brigus inventory of gold ounces Over the past three years Brigus de livered excellent exploration results at the Black Fox mine and the newly discovered Grey Fox gold deposit Consistent high grade drilling re sults were delivered from both ore bodies over the past year A recently published gold resource of 507400 indicated ounces plus 228600 in ferred ounces was reported for Grey Fox on July 7th 2013 and the ore body remains open both later ally and at depth for expansion In December we will publish a new reserve report for the Black Fox mine In 2014 we will publish a revised resource update for the growing Grey Fox gold deposit There is considerable potential to expand the Black Fox orebody and the Grey Fox property and several attractive drill tar gets remain in the pipeline Our success with the drill bit rein forces our beli ef that we will be suc cessfully mining these properties for many years to come W e look forward to releasing a scop ing study on Grey Fox in September Contd from pg 33 Priority at Brigus is cutting debt