Stock Snapshot: Leagold Mining

Newly formed Leagold Mining (LMC-H.V) made a splash earlier this month with the acquisition of Goldcorp’s Los Filos Mine in Mexico, one of Latin America’s largest gold mines with 2015 production of 272,900 ounces. Leagold was launched on the TSX-Venture in August 2016 with the aim of becoming a mid-tier gold producer focused on Latin America and the company hasn’t wasted any time in getting to work. CEO Neil Woodyer offered the following comments on the Los Filos acquisition:

“The Los Filos Gold Mine represents an exceptional opportunity to acquire a quality operation with scale that generates free cash flow and has an identified future growth project. Los Filos has near-term upside potential from optimizing the current operations under a focused management team and from the development of a new underground mine at El Bermejal.  Additionally, there are several exploration opportunities within the area of current operations that could extend mine life. Leagold’s management team has significant experience successfully acquiring gold mines, increasing productivity, lowering costs and optimizing development projects.  We look forward to working with the Los Filos team and the local communities to develop the long-term potential of the mine.  We are also pleased to be partnering with Goldcorp with a shared vision of Leagold becoming a leading intermediate gold producer in Latin America with a ‘buy & build’ strategy that includes the acquisition of additional gold mines and developing advance-stage projects into operating mines.”

With an exceptional management team including four former executives and two former board members of Endeavour Mining (TSX:EDV), Leagold has the knowledge and expertise to grow a successful gold producer through acquisitions. Moreover, an exceptionally strong and well connected shareholder base which includes CEO Neil Woodyer (~20% shareholder) and legendary mining entrepreneur Frank Giustra (~9% shareholder) and unparalleled access to capital gives Leagold an advantage in the acquisition game.

The following slide from Leagold’s most recent investor presentation illustrates why the company has chosen to focus on Latin America:



We look forward to following Leagold as the company works to optimize Los Filos as well as to acquire other attractive Latin American gold assets.



The article is for informational purposes only and is neither a solicitation for the purchase of securities nor an offer of securities. Readers of the article are expressly cautioned to seek the advice of a registered investment advisor and other professional advisors, as applicable, regarding the appropriateness of investing in any securities or any investment strategies, including those discussed above. Leagold Mining is a high-risk venture stock and not suitable for most investors.. Consult Leagold Mining’s SEDAR profile for important risk disclosures., EnergyandGold Publishing LTD, its writers and principals are not registered investment advisors and advice you to do your own due diligence with a licensed investment advisor prior to making any investment decisions.

This article contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed by such forward-looking statements or forward-looking information, standard transaction risks; impact of the transaction on the parties; and risks relating to financings; regulatory approvals; foreign country operations and volatile share prices. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Actual results may differ materially from those currently anticipated in such statements. The views expressed in this publication and on the EnergyandGold website do not necessarily reflect the views of Energy and Gold Publishing LTD, publisher of Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Junior resource companies can easily lose 100% of their value so read company profiles on for important risk disclosures. It’s your money and your responsibility.