LMC:TSX.V; LMCNF:OTCQX

Leagold Mining Corp.

Leagold Mining is a Vancouver-based mining company with gold assets in Latin America. In 2017 Leagold acquired the Los Filos mine from Goldcorp, and in early 2018 Leagold announced the intention to acquire all of the assets of Brio Gold. On closing of the transaction, which is anticipated in May 2018, Leagold will have four operating mines in Mexico and Brazil, and two development projects, which in total are expected to produce 450,000 ounces of gold in 2018 and up to 700,000 ounces of gold per year by 2020. The company's shares trade on the TSX as LMC and on the OTCQX as LMCNF.
LMC:TSX.V LMCNF:OTCQX

Expert Comments:

A Vancouver-based miner diversifies by adding a Brazilian portfolio to its Mexican project.
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David Haughton, CIBC World Markets (5/29/18)
"As of May 29, we initiate coverage on Leagold Mining Corp. with an Outperformer rating and a price target of CA$5/share. An experienced operating and development team backed by a solid balance sheet should offer investors greater assurance that the company can achieve the full potential of the Brio assets and Los Filos."

With Mexican government approval in hand, this gold producer expects to close the acquisition within a week.
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Jamie Spratt, Clarus Securities (5/4/18)
"Leagold Mining Corp. reported Q1/18 financial results which were ahead of our estimates with cash flow per share of $0.10/share beating our estimate of $0.09/share. . .the company announced financing arrangements that, in our opinion, provide sufficient cash to internally fund all growth projects. The results indicate that Los Filos operations are well positioned to see lower costs and further growth ahead."

Jamie Spratt, Clarus Securities (4/12/18)
"Leagold Mining Inc.'s Q1/18 production of 51 Koz was in line with our estimate, putting the company well on track to meet our 2018 production estimate of 225 Koz. We expect continued cost reduction at Los Filos over the course of 2018, supported by ongoing operational improvements. . .overall, we are encouraged by the continued operational execution at Los Filos."

Ovais Habib, Scotiabank (4/11/18)
"Leagold Mining Corp. announced Q1/18 production results with 51 Koz Au produced, just ahead of our estimate of 45.2 Koz Au. . .development of the Bermejal underground project continues with more than 650m advanced in the main ramp as of Q1, or ~50% of the way toward reaching the central high-grade portion of the deposit by 2018E. Test mining remains on track to start in late Q2/18."

Andrew Breichmanas, BMO Capital Markets (4/11/18)
"Leagold Mining Corp. announced Q1/18 production from its Los Filos mine in Mexico, in line with management expectations and placing the company on track to achieve its full-year guidance range. . .in H2/18, the mine plan sequence offers higher-grade ore and lower strip ratios, which is expected to result in production increasing to 60–65 Koz/quarter."

Steven Butler, GMP Securities (3/9/18)
"Leagold Mining Inc. released updated reserves and the accompanying technical report for the Los Filos mine complex (excluding Bermejal underground); reserves increased 59% year over year to 2.7 Moz (from 1.7 Moz). The increase was driven by the Bermejal pit reaching deeper into higher-grade oxide ore in the Guadalupe area (Probable open-pit grade is 1.16 g/t versus Proven grade 0.7 g/t)."

More Expert Comments

Experts Following This Company

Andrew Breichmanas, Analyst Equity Research Mining – BMO Capital Markets
Steven Butler
Adrian Day, Founder – Adrian Day Asset Management
Ovais Habib, Analyst – Scotia Capital Inc.
David Haughton – CIBC World Markets
Rahul Paul, Research Analyst, Metals and Mining – Canaccord Genuity
Jamie Spratt, Analyst – Clarus Securities

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
 
New company founded by former Chair and CEO of Endeavour Mining; highly successful and proven track record
 
Solid foundation in the form of the Los Filos mine in Mexico; soon to add three more mines in Mexico. All four mines are free cash flow positive.
 
Valuable development upside in the form of an underground expansion at Los Filos, and the re-start of Santa Luz in Brazil.
catalyst Calendar
Q2
2018
Completion of the acquisition of Brio Gold – expected May 2018
Q2
2018
Completion of design and engineering studies for the CIL plant at Los Filos – expected mid-2018
Q2
2018
Updated R&R for the Bermejal Underground development project at Los Filos – mid-2018
Q4
2018
Completion of Bermejal Underground ramp and access to the high-grade sub-sill orebody – end of 2018