Vancouver-based Leagold Mining has initiated the expansion of its Los Filos mine, in Mexico, following the closing of $400-million in financing that it secured for a phased growth plan to become a 600 000 oz/y to 700 000 oz/y producer.
The company previously announced a tentative schedule for the 2.5-year expansion plan and this week reaffirmed that the Bermejal underground development would start in the third quarter of this year.