8 www.resourceworld.com
D E C E M B E R / J A N U A R Y 2 0 1 8
WITH A TEAM OF successful mining
executives, including mining magnates
Neil Woodyer as CEO and Frank Giustra as
Chair, this very young company, Leagold
Mining Corp. [LMC-TSX; LMCNF-
OTCQX], has quickly established itself as a
mid-tier gold producer that is also adding
significant resources to its Los Filos Mine
230 km south of Mexico City.
Gold mining operations comprise two
open pit mines, Los Filos and Bermejal:
an underground mine at Los Filos, and
plans to develop an underground mine
at Bermejal. The mines produced 137,749
ounces of gold during the nine months
ended September 30, 2017, which includes
91,746 ounces following Leagold's acqui-
sition of the mine in April, 2017 from
Goldcorp Inc. [G-TSX; GG-NYSE].
With exploration drilling under way,
mineral reserves and resources will
increase; however, as of this writing,
reserves stand at 1.7 million ounces, mea-
sured and indicated resources stand at 11.5
million ounces with 4.0 million of ounces
in the inferred category.
Leagold Mining has 151.3 million shares
outstanding and a market cap of approxi-
mately US $331 million.
Resource World recently interviewed
CEO Neil Woodyer, who was instrumen-
tal in building Endeavour Mining Corp.
[EDV-TSX; EDVMF-OTCQX] into a multi-
mine West African gold miner.
RESOURCE WORLD: Why is Leagold
Mining focused on Latin America?
NEIL WOODYER: When we created the
company in August 2016, we identified
Latin America as a leading gold producing
region with sizeable mines and attrac-
tive cost structures. Most Latin American
Leagold Mining's 'buy and build'
strategy pays off in Mexico
by Ellsworth Dickson
