Midtier Gold Producer to Restart Brazil Mine This Month

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Published : November 14th, 2018
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Due to ample rain, operations may recommence two weeks early.

24hGold - Midtier Gold Produce...

Having now collected and stored enough water, Leagold Mining Corp. (LMC:TSX.V; LMCNF:OTCQX) intends to restart operations at its RDM mine in Brazil on or around Nov. 20, it announced in a news release. The company temporarily curtailed activities there in early October 2018 due to drought.

Thanks to the onset of the rainy season, typically occurring between November and March, the restart will take place two weeks sooner than expected. Workers already have been recalled. Between water captured in the reservoir throughout the season along with conservation strategies Leagold continues to implement, the RDM mine should have enough water to sustain operations, uninterrupted, throughout 2019, the company noted.

As for power, Leagold stated it will use the diesel generators already in place until the new power line gets commissioned, likely in late December. At that time, the company will switch to using the national power grid.

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1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Leagold Mining. Click here for important disclosures about sponsor fees.
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