|Bid||1.90 x 0|
|Ask||1.99 x 0|
|Day's Range||1.90 - 2.03|
|52 Week Range||1.78 - 3.45|
|PE Ratio (TTM)||1,900.00|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.59|
(All amounts in US dollars, unless otherwise indicated) For Q2 2018, Leagold reports financial and operating results that incorporate a partial quarter of results from the newly acquired Brazilian assets. ...
Leagold Reports Q2 2018 Results and Updates 2018 Guidance to Include Recently Acquired Brazilian Operations
OTCQX:LMCNF) ("Leagold" or the "Company") is pleased to announce that on May 24, 2018 it completed its acquisition of Brio Gold Inc. (BRIO.TO) ("Brio") and has acquired all of the issued and outstanding shares of Brio (the "Brio Shares") pursuant to the terms of an Arrangement Agreement entered into between Leagold and Brio on February 15, 2018 (the "Arrangement"). Pursuant to the Arrangement, Leagold acquired from the holders of Brio Shares, all the issued and outstanding Brio Shares in exchange for 0.922 of a common share of Leagold (each whole share, a "Leagold Share") and 0.4 of a share purchase warrant of Leagold (each whole warrant, a "Leagold Warrant"), for each Brio Share. The issuance of Leagold Shares and Leagold Warrants for the Brio Shares has an implied consideration value of approximately C$3.01 per Brio Share as at close of markets on May 23, 2018 , the trading day prior to the closing of the Arrangement, consisting of C$2.868 in Leagold Share consideration based on the 3-day volume weighted average trading price of Leagold Shares on the Toronto Stock Exchange as at May 23, 2018 and C$0.146 in Leagold Warrant consideration, with the warrant valued using Black and Scholes methodology.
Leagold completes acquisition of Brio Gold and welcomes Peter Marrone to Board of Directors
OTCQX:LMCNF) ("Leagold" or the "Company") is pleased to announce the receipt of the clearance decision from the Comisión Federal de Competencia Económica ("COFECE") with respect to Leagold's acquisition of Brio Gold Inc. ("Brio"). COFECE approval was the final government agency approval required before completing the acquisition, which is anticipated to occur on or around May 24, 2018 . This news release contains a "forward-looking statement" related to the anticipated timing of completing the acquisition of Brio.
Leagold's existing $150 million senior secured credit facility has been amended to provide an additional $100 million tranche of funding. The $100 million tranche will have a term of 18 months and will be used to fully repay Brio's $75 million senior secured credit facility and the drawn amounts of Brio's $22 million of debt with a group of Brazilian banks. Orion Resource Partners ("Orion"), through a fund it manages, has agreed to subscribe for, on a private placement basis, $45 million worth of Leagold common shares at C$2.7143 per share.
Leagold files updated technical report for Los Filos Gold Mine, increasing reserves by 59% to 2.7 million ounces gold
Small, opportunistic deals will dominate the global gold mining sector again this year, analysts said on Tuesday, after Leagold Mining Corp unveiled a $264 million bid for fellow Canadian gold miner Brio Gold Inc. Six years after the last mining boom ended with billions of dollars in writedowns following over-priced mega-acquisitions, miners remain wary of big purchases, despite a 13 percent rebound in the gold price last year and the need for producers to replace mined-out ounces. The number of deals, however, jumped 70 percent to 648, as miners played it safe with smaller purchases.
Leagold Announces Intention to Commence Shareholder Supported Take-Over Bid for Brio Gold to Create a 450,000 Ounce Per Year Gold Producer, With Significant Growth Potential
Leagold Increases Bermejal Underground Measured and Indicated Resource Estimate to 2.1 Million Ounces