Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: LMC; LMCNF

Midtier Gold Producer Restarts Brazil Mine After Water Shortage
News Update

Source:

Operations are back to their preclosure level.

RDM Mine

Leagold Mining Corp. (LMC:TSX.V; LMCNF:OTCQX) restarted its RDM mine in Brazil on Nov. 20, 2018, it announced in a news release.

The company unexpectedly and temporarily closed the mine in early October due to a local drought and, consequently, insufficient water availability to keep it up and running.

Then the rainy season began and by Nov. 13, 2018, Leagold had captured enough water in its storage facilities at RDM to restart operations. So it recalled the members of its workforce, who got the mine running again at its typical output rate of 7 thousand tons per day.

[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Leagold Mining. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.




Want to read more about Gold investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe