TSX:  LMC  $2.51  Gold:  $1242.80/oz
TSX-V: LMC $2.51  Gold: $1242.80/oz

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2017 Feasibility Study Results Summary

  2017 Open Pit Feasibility Study Results 2017 Underground PEA Results
Annual Expected Gold Production 100 koz 62 koz
Estimated Mine life 10 years 9 years
Average Gold Recoveries 84% 84%
Initial Capital Costs* US$82M US$74M
Average Cash Costs* US$776 per oz US$738 per oz
Average AISC* US$812 per oz US$778 per oz
After-tax NPV (5%)* US$208M US$103M

*Based on a Brazilian Real to US Dollar exchange rate of 3.5:1 and a gold price of $1,300 per ounce.

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