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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Leagold Mining Corp    LMC   CA52176A2056

LEAGOLD MINING CORP

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Leagold Mining : achieves higher gold production with 2018 acquisitions

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03/16/2019 | 04:53am EDT

Leagold Mining produced 302,550 oz. gold in 2018 from its four operating mines at C$974 all-in sustaining costs (AISC) for a $83.2 million AISC margin.

The company brought in $376.5 million in revenue for a net income of $15.2 million, up from a $7.5 million net loss the year before.

The company achieved adjusted earnings before interest, taxes, depreciation and amortization of $89.5 million in 2018 and ended the year with $53 million in cash.

Leagolds results include the Brazilian operations added with its Brio Gold acquisition in May 2018: the RDM, Fazenda and Pilar gold mines.

More than half the companys 2018 gold production came from its Los Filos gold mine in Mexico, which produced 195,362 oz. gold last year. Its next leading producer was the Fazenda gold mine in Brazil, which produced 46,668 oz. gold in 2018.

The companys lowest producing mine in 2018 was RDM, which produced 29,398 oz. gold. The company attributed the lower production at RDM to a six week shut down in 2018s fourth quarter caused by regional drought conditions. As a result, RDM produced less than 5,000 oz. gold in 2018s fourth quarter, compared to 16,596 oz. gold in the previous quarter. The company says water in its reservoir has been building over the regions rainy seasonNovember through Marchand expects the mine to operate in stable condition in 2019.

Recently, the company tabled an expansion feasibility study for Los Filos that proposes developing the projects underground Bermejal mine, enlarging the Los Filos open pit, re-phasing the Bermejal open pit into two separate sections and building a 4,000 tonne per day carbon in leach plant to support the existing heap leach facilities.

The expansion has a $180 million capital cost. It has a $679 million after tax net present value at a 5% discount rate and an 86% after-tax internal rate of return.

(c) 2019 The New Times Publications S.A.R.L All rights reserved Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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03/16LEAGOLD MINING : achieves higher gold production with 2018 acquisitions
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Financials ($)
Sales 2019 546 M
EBIT 2019 -
Net income 2019 47,0 M
Debt 2019 -
Yield 2019 -
P/E ratio 2019 8,69
P/E ratio 2020
Capi. / Sales 2019 0,77x
Capi. / Sales 2020 0,73x
Capitalization 421 M
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Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 2,82 $
Spread / Average Target 91%
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Managers
NameTitle
Neil Woodyer Chief Executive Officer & Director
Frank Giustra Chairman
Adriaan A. Roux Chief Operating Officer
Harpreet Dhaliwal Chief Financial Officer & Vice President-Finance
Doug Reddy Senior Vice President-Technical Services
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