Leagold Reports Q3 2017 AISC/oz of $993 and AISC Margin of $13.6 Million

http://www.leagold.com/assets/docs/nr/2017-11-13-nr-lmc-55ng8s.pdf

(All amounts in US dollars, unless otherwise indicated)

  • During Q3 2017, Los Filos generated:
    • Gold production of 47,766 ounces at an AISC/oz of $993 (see Table 1)
    • Adjusted EBITDA1 of $15.1 million
    • All-in sustaining cost (“AISC”)1 margin of $13.6 million (see Table 2)
  • Los Filos produced 137,749 oz of gold during the nine months ended September 30, 2017, and remains on track to produce between 185,000 and 200,000 oz for the full year of 2017, as previously guided
  • The Bermejal Underground Expansion is progressing well, with the ramp now 75 metres beyond the portal. The drilling program continues to exceed expectations, as demonstrated by the 94% increase in Measured and Indicated resources announced on October 16, 2017. The drilling program is on track to be completed by year end
  • Q3 2017 adjusted earnings of $5.2 million, or $0.03/share
  • At September 30, 2017, Leagold had unrestricted cash and cash equivalents of $52.9 million (see Table 3)

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