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Leagold Mining Corp.
Summary
| Project: | Los Filos | |
|---|---|---|
| Deposit: | Los Filos | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 3/1/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Active Mining & Production | |
| Report details: | 1-3-2017: Leagold Mining Corp. announces a PEA report for its Los Filos deposit at the Los Filos project. Amended PEA results incl. post-tax NPV (5%) of US$418M, IRR of 94%. Leagold Mining Corporation (Leagold) requested Stantec Consulting International L | |
| Resources: | (Reserve, P+P): 38.462Mt @ 0.72g/t Au, 6.73g/t Ag for 889koz Au contained at open pit project | |
| CP/QP: | [Resources]: Allan Schappert (Stantec Consulting International LLC) | |
| ABSTRACT: | Leagold Mining Corporation (Leagold) requested Stantec Consulting International LLC (Stantec) to prepare a NI 43-101 Technical Report and Preliminary Economic Assessment (the Report) for the Los Filos Gold Operation (the Mine), located in the Los Filos district of Guerrero State, Mexico. The Report presents a description of the Mine operations, including Mineral Resources, Mineral Reserves, and financial evaluation of the current mine. The Report also presents a Preliminary Economic Assessment (PEA) based on Mineral Resources of the Bermejal Underground deposit. The purpose of the Report is for Leagold to support public disclosure and filing requirements with the Canadian Securities Regulators in relation to the acquisition from Goldcorp Inc. (Goldcorp) of Desarrollos Mineros San Luis S.A. de C.V. (DMSL), a wholly owned subsidiary and 100% owner of the concessions that comprise the Mine property. This Report was prepared in accordance with NI 43-101 and accompanying regulations. Los Filos Mineral Resources have an Effective Date of 31 December 2016. Stantec feels the Mineral Resources stated are a reasonable representation for the Los Filos mine. Mineral Resources were estimated using a gold price of US$1,400/oz. Mineral Resources do not include dilution. Stantec cautions that Mineral Resources are not Mineral Reserves and do not demonstrate economic viability at current reserve commodity pricing. Mineral Reserves were estimated using a gold price of US$1,200/oz. Mineral Reserves were based on material classified as Measured and Indicated Mineral Resources. Mining, processing, and general and administrative (G&A) costs were estimated based on actual production costs and 2017 estimates. | |
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