Laurion Mineral Exploration Inc. V.LME

Alternate Symbol(s): LMEFF

Metals & Mining Gold

Laurion Mineral Exploration Inc. is a Canada-based mid-stage junior exploration and development company. The Company is engaged in the acquisition, exploration and development of Canadian gold and base metal mineral resource properties. It is focused primarily on its wholly owned 57.43 square kilometers (km2) (14,191 acres) flagship brownfield, Ishkoday Gold and Polymetallic Project, located 220 kilometers (km) North-East of Thunder Bay, Ontario, Canada. Its Ishkoday is situated in the Onaman-Tashota Greenstone Camp in the Irwin, Walters, Elmhirst and Pifher Townships located 25 km northeast of the Town of Beardmore, Ontario and 220 km northeast of Thunder Bay, Ontario. It holds a 100% interest in Brenbar, which consists of two mining leases covering 255 hectares contiguous and to the west of Ishkoday. It has a 100% interest in the Jubilee-Elmhirst, Beaurox and Twin Falls property. The Company also owns a 30% joint venture interest and Canadian Gold Miner Corp.

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Laurion Mineral Exploration Inc. > M&A Discussion Happening Down the Road

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Comment by ahsineegon Apr 23, 2024 11:49am

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Post# 36003368

RE:M&A Discussion Happening Down the Road

Update to this, Gold Road has walked away from talks to buy Orions 40% interest in the Greenstone mine. M&A is a long process.

ahsineeg wrote:
For those that are not aware, the Greenstone Mine (a 60/40 JV between Equinox and Orion Mine Finance) is in M&A talks. Orion is in active discussions with Gold Road Resources (Austrailian company) to sell their 40% interest for AUS $1 billion+. The Greenstone Mine is about to come online after being built on-budget and just ahead of schedule. 1st gold pour expected for May 2024 and full commercial production in Q3-2024.

Greenstone Mine Stats:
-5.5 million oz of Gold in reserves
-$890 / oz all-in-sustraining cost (AISC)
-produce 400,000 oz of gold / year
-14 year mine life
Full mine stats here

Article about aquisition talks

Will be interesting to see if this becomes a bidding war and how it all unfolds. In anycase, it will bring positive attention to the area.