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Canadian miner acquires Latin American assets
Canada’s Leagold Mining has completed its acquisition of Brio Gold, a Canadian miner with gold producing, deve-lopment and exploration stage properties in Brazil.
Leagold currently owns four gold mines and two development pro-jects in Mexico and Brazil. In 2018, the company says it expects to produce between 420,000 and 475,000 oz of gold.
“We are very excited about Leagold’s new position as a mid-tier gold producer with the growth of our production rate to over 400,000 ounces per year. Our business and market profiles are strengthened by our diversification in both Mexico and Brazil and across four ope-rating mines. Leagold’s measured and indicated resources have in-creased to 16.4 million ounces and proven and probable reserves have increased to 5.6 million ounces,” said Neil Woodyer, the CEO of Leagold.
Leagold is based in Vancouver and listed on the Toronto Stock Ex-change (TSX).