Gold

Gold Producer Studies New Quarterly Manufacturing Report at Mexican Mine

The corporate has supplied a breakdown of 12 months – spherical manufacturing by mine.

Leagold Mining Corp. (LMC: TSX.V; LMCNF: OTCQX) introduced in an announcement that it was assembly revised manufacturing forecasts for 2018 of 295,000 to 305,000 ounces, producing a complete of 302,550 ounces of its quarter of mines. "2018 was a 12 months of transformation for Leagold, we went from a single mining operator to a various group consisting of 4 mines positioned in two international locations," mentioned CEO Neil Woodyer within the launch.

"In Mexico, the Los Filos mine recorded vital development in manufacturing: 25,404 ounceswas produced in December, as gold restoration charges normalized and gave a document quarterly new manufacturing 58,201 ouncessince our acquisition of the mine in April 2017 ", Woodyer. added.

In 2018, the gold manufacturing of every mine was as follows: Los Filos, 195,362 ounces; Fazenda, 46,668 ounces; Pilar, 31,122 ounces; and RDM, 29,398 ounces.

Administration anticipates that the general upkeep value (AISC) for the 12 months 2018 shall be roughly $ 979 per ounce, the extent reached on the finish of the third quarter of 18.

The gold operator will report its full monetary and operational outcomes for 2018 in mid-March. Subsequent week, he’ll publish the outcomes of research concerning the enlargement of the Los Filos mine and, subsequently, the 2019 gold manufacturing and AISC forecasts. "Leagold is nicely positioned to extend manufacturing and money movement in 2019," Woodyer mentioned.

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