Leagold Mining Corp LMCNF

A lot of Negativity about Brazil

[uggg]

Rdm was shut down for about 2 weeks, so lost production of about 3057 oz's. Pillar was 17% under estimates do to low grades, or about 1903 oz's & Fazenda was 6% over estimates or about 1124 oz's to the plus. So all totalled 3836 oz's under estimates. If you take out the government shut down, production was off 779 oz's. All three mines were profitable. You would think gold companies never have any problems. Still early stages & ironing out the kinks. Someone said this was a high cost producer. Actually it is on the high end of the average aisc. Give me some comparables selling at this level that are looking to produce 380k oz's this year. Not to mention they're gearing up to 600-700 oz's in the next couple of years.

[peregrine3]

Good points and certainly you can expect gold producers to have some problems - but LMC might need time to sort out these issues. As you mention, there is potential and some interesting reasons to own LMC but they're going to have to iron out the kinks quickly. At the end of the day, the market is going to decide what this is worth - and that same market has gone from impatience to intolerance

[uggg]

"that's kind of tough on longs who recently bought up near $3", I guess you could say that about most gold producers except maybe kirkland & that market cap is pretty high. I'd be happy to look at comparables you have that you think might be better in terms of aisc, production, market cap, reserves/resources & people.

[GoldenEra]

This post has been removed in accordance with Community Policy

[uggg]

Brazil mines were purchased from Yamana. Mexico was from Gold corp. Separate. Again the mines are profitable - RDM had a government shut down as the cause of it's production shortfall. Fazenda was 6% over. Pillar was 17% under. 

[peregrine3]

I'm not really interested in comparing LMC to "most gold producers" uggg - mainly because investing in medium/large sized gold producers is not my game. Plus, that type of comparison is for the brokerage analysts who are sometimes in a conflict of interest with the companies they're covering. I've owned producers in the past but preference is for explorers/developers - more

[ppp]

The market likes the gold price over 1500  weak quarter was only part of the problem.

[uggg]

Ok, understood, you are just taking up space.