UPDATE: Brigus Gold Posts Rise In Q1 Profit, Production

Brigus Gold Corp

reported a 30% surge in its first-quarter profit and production. Brigus Gold's quarterly net income and comprehensive income climbed to $5.5 million, or $0.03 per basic share, versus $4.3 million, or $0.02 per basic share, in the year-ago period. Revenue from the sale of gold surged 90% to $25.8 million, while gold sales volume gained 60% to 16,033 ounces. Gold price jumped 22% to average $1,690 per ounce, while gold production surged to 16,922 ounces. Brigus Gold shares closed at $0.7659 yesterday.