TSX:  LMC  $2.70  Gold:  $1475.64/oz
TSX-V: LMC $2.70  Gold: $1475.64/oz

Reserves and Resources

Proven and Probable Mineral Reserves

Mine/Project Proven Probable Proven and Probable
Tonnes (kt) Grade (g/t) Contained Gold (koz) Tonnes (kt) Grade (g/t) Contained Gold (koz) Tonnes (kt) Grade (g/t) Contained Gold (koz)
Los Filos 26,168 0.91 768 78,052 1.44 3,626 104,220 1.31 4,395
Leach Pad Inventory           114     114
RDM 5,647 0.73 133 19,079 1.08 656 24,726 0.99 789
Fazenda 2,632 1.77 150 2,756 1.91 169 5,387 1.84 319
Pilar 961 1.51 47 6,044 1.13 219 7,005 1.18 266
Santa Luz 25,000 1.43 1,153 3,200 1.03 106 28,200 1.39 1,259
Total Proven and Probable     2,251     4,890     7,142

Measured and Indicated Mineral Resources

Mine Measured Indicated Measured and Indicated
Tonnes (kt) Grade (g/t) Contained Gold (koz) Tonnes (kt) Grade (g/t) Contained Gold (koz) Tonnes (kt) Grade (g/t) Contained Gold (koz)
Los Filos 114,631 0.77 2,851 211,678 1.02 6,922 326,309 0.93 9,773
RDM 3,195 0.77 79 36,107 1.02 1,181 39,303 1.00 1,259
Fazenda 4,870 2.17 339 2,670 2.55 219 7,540 2.30 558
Pilar 2,389 3.50 269 13,479 2.13 922 15,868 2.33 1,191
Santa Luz 31,200 1.36 1,364 9,700 1.96 612 40,900 1.50 1,976
Total Measured and Indicated     4,902     9,856     14,757

Inferred Mineral Resources

Mine Tonnes (kt) Grade (g/t) Contained Gold (koz)
Los Filos 98,204 0.83 2,633
RDM 8,305 1.50 401
Fazenda 6,040 2.45 476
Pilar 20,399 3.21 2,108
Santa Luz 7,700 2.02 501
Total Inferred     6,119

Notes to Mineral Reserves and Mineral Resources

  • CIM (2014) Definition Standards were followed for Mineral Reserves.
  • Mineral Reserves used a gold price of US$1,200/oz; exchange rate of R$3.70:US$1 or Mex$19:US$1.
  • Mineral Resources are inclusive of Mineral Reserves.
  • Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
  • Mineral Resources used a gold price of US$1,500/oz and exchange rate of R$3.70:US$1 for Brazil Mines; gold price of US$1400/oz, silver price of US$4.39/oz and exchange rate of Mex$19:US$1 for Los Filos.
  • Tonnage and grade measurements are in metric units. Contained gold is reported as troy ounces.
  • Summation errors may be present due to rounding.
  • Mineral resources do not include factors such as mining dilution or mining recovery.
  • Details of cut-off grades, bulk densities, mining widths, dilution, mining factors and process recovery assumptions applied to Mineral Reserves and Mineral Resources are provided in the Technical Reports for each mine/project.
  • "Independent Technical Report for the Los Filos Mine Complex, Mexico" by SRK Consulting (Canada) Inc., and dated March 11, 2019 with an effective date of October 31, 2018. Dr. G. Arseneau, P.Geo., E. Olin, RM-SME, T. Olson, FAusIMM, N. Winkelmann, FAusIMM, N. Lincoln, P.Eng., M. Rykaart, P.Eng., D. Nicholas, P.E. are the Qualified Persons that prepared or supervised preparation of the information contained in the Technical Report.
  • “Technical Report on the Riacho dos Machados Gold Mine, Minas Gerais, Brazil” by Roscoe Postle Associates Inc., and dated November 20, 2018 with an effective date of May 31, 2018. H.M. Miranda, MBA, ChMc (RM), M.B. Mathisen, C.P.G. and K.A. Altman, Ph.D., P.E., are the Qualified Persons that prepared or supervised preparation of the information contained in the Technical Report.
  • “Technical Report on the Fazenda Brasileiro Mine, Bahia State, Brazil” by Roscoe Postle Associates Inc., and dated November 26, 2018 with an effective date as of May 31, 2018. Mark B. Mathisen, C.P.G., H.M. Miranda, MBA, ChMC (RM), R.L. Michaud, P.Eng. and A.P. Hampton, P.Eng. are the Qualified Persons that prepared or supervised preparation of the information in the Technical Report.
  • “Technical Report on the Pilar Operations, Goiás State, Brazil” by Roscoe Postle Associates Inc., and dated December 20, 2018 with an effective date of May 31, 2018. M.B. Mathisen, C.P.G., P.A. Geusebroek, P.Geo., H.M. Miranda, MBA, ChMC (RM), R.L. Michaud, P.Eng., and A.P. Hampton, P.Eng. are the Qualified Persons that prepared or supervised preparation of the information contained in the Technical Report.
  • “Technical Report on the Santa Luz Project, Bahia State, Brazil” by Roscoe Postle Associates Inc., and dated November 14, 2018 with an effective date of October 22, 2018. M.B. Mathisen, C.P.G., H.M. Miranda, MBA, ChMC (RM), R.L. Michaud, P.Eng. and R. Addison, P.E., are the Qualified Persons who prepared or supervised preparation of the information contained in the Technical Report.