Day: March 8, 2018

Leagold Reports Q4 2017 AISC of $910/Oz and AISC Margin of $18.7 Million

Leagold Mining Corporation reports Q4 2017 gold production of 53,446 ounces at its Los Filos mine at AISC of $910/oz, resulting in an AISC margin1 of $18.7 million. With full-year Los Filos gold production of 191,195 oz, Leagold has delivered the mid-point of the 2017 production guidance range of between 185,000 and 200,000 oz. Leagold had anticipated AISC of between $875/oz to $925/oz for H2 2017, and this guidance range was achieved for Q4 2017.

Gold Resource Corporation Updated Mineral Reserve – Substantially Increases Oaxaca Mining Unit’s Mine Life

“We are very pleased to release the December 31, 2017 reserve report showing significant increases to reserve tonnes,” stated Mr. Barry Devlin, Vice President of Exploration for Gold Resource Corporation. “Much of the 2017 reserve ore tonnage and base metal increases came from deep in the Switchback vein system in the same areas as the deepest mine development levels to date. We estimate this area to have lower precious metal grades and higher base metal grades relative to higher elevations in this epithermal vein system…..”

Leagold Files Updated Technical Report for Los Filos Gold Mine, Increasing Reserves by 59% to 2.7 Million Ounces Gold

Neil Woodyer, CEO, stated “We are extremely pleased with the 59% increase in P&P reserves at Los Filos, which reflects the success of our 2017 programs focused on extending mine life.Furthermore, this growth we are reporting today excludes any additional contribution from the Bermejal Underground expansion project, which has M&I resources of 2.1 Moz of gold (see Table 3) at a grade of 5.96 g/t, as reported as of December 31, 2017.The Bermejal Underground expansion is currently in the mine design phase in preparation for declaration of reserves in mid-2018. With the exploration success during 2017 and the reassessment of Los Filos’ long-term potential, studies are underway to evaluate building a carbon-in-leach processing plant, enabling higher recoveries for a wider range of ore types.”

We are world leaders in testing, inspection and certification services. We are present in all sectors of the economy with solutions and services that enhance the business, avoiding risks, improving operational performance and protecting the reputation and brand of our clients.

All News

Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.