Make Kitco Your Homepage

Leagold Mining Lists 3Q Adjusted Profit

Kitco News

Leagold Mining (TSX: LMC) reports an adjusted profit of $5.2 million, or 3 cents per share, in the third quarter. Gold output improved to 47,766 ounces from 43,980 in the second quarter, with all-in sustaining costs of $993 not far from $989 in the second quarter. Neil Woodyer, the company’s chief executive, says operational improvements implemented during the last two quarters are starting to “bear fruit.” He adds, “We anticipate continued improvements in Q4 and into 2018 as two key projects are completed and become operational -- the re-installation of the agglomerator and extension of the overland conveyors.” The company, which operates the Los Filos Mine in Mexico, is “focused and working diligently on continuing our acquisition strategy to grow our gold business in Latin America,” the CEO adds.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Precious Metal Charts

Follow Kitco News