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BRIEF-Leagold Mining Q3 Earnings Per Share $0.05

Published 2018-11-14, 05:49 p/m
© Reuters.  BRIEF-Leagold Mining Q3 Earnings Per Share $0.05
LMC
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Leagold Mining Corp LMC.TO :

* LEAGOLD ANNOUNCES Q3 2018 RESULTS AND AISC MARGIN OF $22.1 MILLION

* Q3 EARNINGS PER SHARE $0.05

* Q3 REVENUE $111.3 MILLION

* QTRLY GOLD PRODUCTION OF 93,269 OUNCES

* WORKFORCE REDUCTIONS AT BELO HORIZONTE OFFICE WERE IMPLEMENTED IN Q3 AND ARE EXPECTED TO TOTAL 50% BY YEAR-END

* EXCESS MINE SITE PERSONNEL REDUCTION PROGRAMS WERE ALSO INTRODUCED IN Q3 IN BRAZIL

* REDUCTIONS OF MORE THAN 400 POSITIONS REPRESENTING APPROXIMATELY 15% OF TOTAL BRAZILIAN WORKFORCE

* UPDATING ITS 2018 FULL-YEAR PRODUCTION FORECAST TO RANGE OF BETWEEN 295,000 TO 305,000 OUNCES

* UPDATING ITS 2018 FULL-YEAR PRODUCTION FORECAST TO BETWEEN 295,000 TO 305,000 OUNCES

* EXPECTING FULL YEAR AISC TO BE SIMILAR TO NINE MONTHS ENDED SEPTEMBER 30, 2018 OF $979 PER OUNCE.

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