•Los Filos Mine produced 137,749 oz of gold during the nine months ended September 30, 2017, which includes 91,746 oz following Leagold’s acquisition of the mine on April 7, 2017
•Los Filos Mine remains on track to produce between 185,000 and 200,000 oz for the full year of 2017, as previously guided
•Installation of the agglomerator to improve gold recoveries and extension of the conveyor to improve ore delivery to the heap leach continued, with anticipated completion in Q4 2017 and commencement in Q1 2018
•The Bermejal underground expansion project is proceeding, with the commencement of the exploration portal and ramp in September (see September 25, 2017 news release) and over 65% completion of the 56,000 metre infill and step-out drilling program (see July 13, 2017 and August 30, 2017 news releases)
Vancouver, October 11, 2017 – Leagold Mining Corporation (TSX:LMC; OTCQX:LMCNF) (“Leagold” or the “Company”) announces Q3 2017 gold production at the Los Filos Mine of 47,766 oz, which represents a steady increase over Q1 2017 and Q2 2017. AISC per ounce and additional operating details will be reported in the Q3 2017 financial results to be released in mid-November.
Table 1: Los Filos Gold Production and Sales to September 30, 2017 (ounces)
Gold Production Gold Sales
Q1 2017 43,885 42,471
April 1 – April 7, 2017 2,118 0
Leagold Ownership (April 8 to June 30, 2017)* 43,980 54,010
Q2 2017 46,098 54,010
Q3 2017 47,766 47,263
Nine month total 137,749 143,744
* Leagold acquired the Los Filos Mine on April 7, 2017
Doug Reddy, P.Geo, Leagold’s Senior Vice President – Technical Services, is a Qualified Person under NI 43-101, and has reviewed and approved the technical contents of this news release on behalf of Leagold.
About Leagold Mining Corporation
Leagold is building a new mid-tier gold producer with a focus on opportunities in Latin America. Leagold is based in Vancouver, Canada and is listed on the TSX under the trading symbol “LMC” and trades on the OTCQX market as “LMCNF”. The recent acquisition of the Los Filos Mine, a low-cost gold producer in Mexico, provides an excellent platform for growth.
For more information on Leagold please visit the Company website at www.leagold.com