- Los Filos Mine
This website contains “forward-looking statements” and “forward looking information” (as defined under applicable securities laws), including but not limited to, statements with respect to the completion of any future acquisitions, Leagold's plans and operating performance, including in respect of the growth potential of the Los Filos Mine, the estimation of mineral reserves and resources, the timing and amount of estimated future production, costs of future production, future capital expenditures, future financing sources, and the success of exploration activities. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts" and "anticipates". Forward-looking statements and information, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the completion of any acquisitions, risks related to the successful integration of any acquisitions; risks related to international operations; risks related to general economic conditions and credit availability, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; fluctuations in foreign currency exchange rates, increases in market prices of mining consumables, possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in countries in which Leagold operates. Although Leagold has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward looking information are made as of the relevant date and Leagold disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward looking information contained in this website to reflect future results. Accordingly, readers should not place undue reliance on forward-looking statements and information.Please refer to Leagold's most recent filings under its profile at www.sedar.com for further information respecting the risks affecting Leagold and its business.
The authors of the “NI 43-101 Technical Report and Preliminary Economic Assessment, Los Filos Gold Mine, Guerrero State, Mexico” (the “Technical Report”), William A. Glover, P.Eng., Allan L. Schappert, CPG, and Dawn H. Garcia, PG, CPG of Stantec Consulting International LLC. (“Stantec”) and Alfred S. Hayden, P.Eng. of EHA Engineering Ltd., are each a “qualified person” as defined in NI 43-101 and independent of the Company, and have prepared or supervised the preparation of the technical information upon which portions of this website is based. Unless otherwise stated, scientific and technical information concerning the Los Filos Mine, is summarized, derived, or extracted from the Technical Report, which has been filed with Canadian securities regulatory authorities and is available for review on this website or under Leagold’s profile on SEDAR at www.sedar.com.
The Preliminary Economic Assessmentfor the Bermejal Underground Expansion Project (The “Bermejal Underground PEA” or “PEA”) is a conceptual study of the potential viability of Mineral Resources of the Bermejal Underground project.The PEA is not a Prefeasibility Study or Feasibility Study, as the economics and technical viability of the Bermejal Underground project have not been demonstrated at this time.The PEA is preliminary in nature, and is based on inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the PEA will be realized.Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Unless otherwise stated, scientific and technical information concerning the PEA, is summarized, derived, or extracted from the Technical Report, which has been filed with Canadian securities regulatory authorities and is available for review on this website or under Leagold’s profile on SEDAR at www.sedar.com
Doug Reddy, P.Geo, Leagold’s Senior Vice President – Technical Services, is a Qualified Person under NI 43-101, and has reviewed and approved the technical contents of this website on behalf of Leagold.
All-in sustaining cost (AISC) is a non-IFRS financial performance measure with no standard meaning under IFRS and are therefore unlikely to be comparable to similar measures presented by other issuers. AISC is employed by Leagold to measure its operating and economic performance internally and to assist in business decision-making as well as providing key performance information to senior management. Leagold believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors and other stakeholders also use this information to evaluate operating and economic performance. Accordingly, AISC should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS. We defined AISC and AISC per ounce to include total production cash costs incurred at mining operations, which forms the basis of the by-product cash costs and includes sustaining capital expenditures, corporate administrative expense, exploration and evaluation costs, and reclamation cost accretion and amortization. The measure seeks to reflect the full cost of gold production from current operations; therefore new project capital is not included. Certain other cash expenditures, including tax payments, dividends and financing costs are also not included. For further details on the non-IFRS measures see “non-IFRS measures” in Leagold’s final prospectus dated March 1, 2017 which has been filed with Canadian securities regulatory authorities and is available for review on this website or under Leagold’s profile on SEDAR at www.sedar.com.
All amounts in US$ unless otherwise stated.