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News Update

TICKERS: LMC; LMCNF

Midtier Gold Producer to Restart Brazil Mine This Month
News Update

Source:

Due to ample rain, operations may recommence two weeks early.

RDM Mine

Having now collected and stored enough water, Leagold Mining Corp. (LMC:TSX.V; LMCNF:OTCQX) intends to restart operations at its RDM mine in Brazil on or around Nov. 20, it announced in a news release. The company temporarily curtailed activities there in early October 2018 due to drought.

Thanks to the onset of the rainy season, typically occurring between November and March, the restart will take place two weeks sooner than expected. Workers already have been recalled. Between water captured in the reservoir throughout the season along with conservation strategies Leagold continues to implement, the RDM mine should have enough water to sustain operations, uninterrupted, throughout 2019, the company noted.

As for power, Leagold stated it will use the diesel generators already in place until the new power line gets commissioned, likely in late December. At that time, the company will switch to using the national power grid.

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