trending Market Intelligence /marketintelligence/en/news-insights/trending/5r7VLQhCLw3V-2FbrzdAVA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

LeaGold study pegs US$565M value for Los Filos gold mine in Mexico

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020


LeaGold study pegs US$565M value for Los Filos gold mine in Mexico

LeaGold Mining Corp. said Jan. 16 that a feasibility study for its Los Filos gold mine in Mexico defined a posttax net present value, discounted at 5%, of US$565 million and an 87% internal rate of return.

The study was based on a proven and probable reserve of 111.3 million tonnes grading 1.23 g/t gold containing 4.5 million ounces of gold. The study used a gold price of US$1,250 per ounce.

LeaGold expects gold production of 3.3 million ounces over a total mine life of 10 years at all-in sustaining costs of US$795/oz.

After the initial expansion phase, average annual production is estimated at 350,000 ounces at all-in sustaining costs of US$759/oz, with production to exceed 400,000 ounces from 2021 to 2023.

The study pegged capital expenditures of US$180 million to develop the Bermejal underground area and build a new 4,000-tonne-per-day carbon-in-leach processing facility to complement the existing heap leach facilities.

Proven and probable open pit reserves at Los Filos surged 122% in November 2018, compared to the previous estimate, to 780,000 ounces of gold contained within 40.5 million tonnes grading 0.60 g/t gold.