Leagold: Phased Development and Expansion Underway
Leagold has four operating gold mines in Mexico and Brazil
Leagold Mining is based in Vancouver, Canada and owns gold mines in Mexico and Brazil. They also have an expansion opportunity in Mexico and a near-term gold mine restart project in Brazil.
Moreover, their two growth projects are fully funded and include the expansion of Los Filos and the restart of Santa Luz. To further explain, the Los Filos mine consists of two open pit mines, Los Filos and Bermejal, an underground mine at Los Filos, and the opportunity to develop an underground mine at Bermejal as an expansion project.
The Santa Luz construction starts in 2021. Santa Luz is a fully constructed open pit mine. Originally, Santa Luz commenced production mid-2013 but was placed on care and maintenance in 2014 to focus on optimizing gold recoveries. Consequently, Leagold plans on using internal cash flow and new debt facilities to fully fund both projects.
Focused On Increasing Shareholder Value
Leagold Mining and it’s experienced team of mining professionals are focused on increasing shareholder value. The company’s strategy includes prioritizing and optimizing their existing operating mines. In addition to building up Los Filos and Santa Luz to increase EBITDA.
Leagold’s growth principals include:
- Disciplined growth to build long-term shareholder value by focusing on strong cash flow generating projects
- Maximize use of internal cash flow to minimize shareholder dilution
- Active management and mitigation of implementation risks
For more information on Leagold Mining Corp. (LMC:TSX, LMCNF:OTCQX) please fill out the form below.