Vancouver, January 19, 2018 – Leagold Mining Corporation (TSX:LMC; OTCQX:LMCNF) (“Leagold” or “the Company”) reports that 2018 gold production at Los Filos is expected to be within the range of 215,000 to 240,000 ounces at an all-in sustaining cost (AISC) of $875 to $925 per ounce (“oz”).
Leagold CEO Neil Woodyer stated: “The 2018 production guidance range includes growth of 12% to 25% over the 191,195 oz produced in 2017. Our 2018 outlook benefits from the operational improvements implemented since we acquired Los Filos in April 2017 and several optimizations planned for the year ahead. During Q2 2018, we will realize the benefits from the overland conveyor and agglomerator capital projects. In addition, the mine plan sequence is scheduling higher gold production during H2 2018. As a result of this production profile, we expect higher costs in H1 2018 and lower costs during H2 2018. Looking ahead and considering the highly successful exploration programs in 2017 that significantly increased both the size and grade of our mineral resources, we are now in a strong position to evaluate the benefits of building a carbon-in-leach processing plant at Los Filos.”