Lavras Gold


Primary ticker: TSXV:LGC
Stage of development: Exploration
Primary minerals: Gold
Project to promote: LDS Project
Project location: Brazil

Corporate presentation: Click here

Lavras Gold (TSXV:LGC) is a Canadian company exploring to realize the potential of a multi-million-ounce gold district in southern Brazil. The Company was spun out from Amarillo Gold Corporation when it was acquired by Hochschild Mining in early 2022.

Led by a management team that unites exploration expertise with capital markets acumen, our Lavras do Sul (LDS) Project is in Rio Grande do Sul state and is primarily an intrusive-hosted gold system of possible alkaline affinity. LDS Project has consolidated gold resources across two targets of approximately one million ounces of gold. At least 23 gold prospects centred on historic gold workings have been identified on the 22,000-hectare property.

Lavras Gold has a tight capital structure of approximately 41 million shares outstanding, enough cash to meet its immediate goals, and the potential to surface additional value from a royalty on former Amarillo ground.

Cash: CAD$7M
Debt: NIL

Major shareholders:

Eric Sprott – 16.6%
Equity Management Associates
683 Capital
Management Ownership – 23.7%

Management Profile

Michael Durose, President and CEO
A Professional Geologist (P.Geo) with a Master of Science in Mineral Economics from Queen’s University in Kingston, Ontario, Mr. Durose is a highly-ranked financial analyst who has worked in the capital markets for more than 25 years. Founder and CEO of Durose Asset Management Inc., he previously held increasingly senior positions as a well-regarded mining analyst with Scotia Capital Inc., Morgan Stanley, Bunting Warburg, and Nesbitt Burns. He has travelled extensively to visit mining and exploration projects all over the world. Before joining the capital markets, Mr. Durose worked as an exploration geologist in the Canadian base metal and gold industries.

What is your rationale for taking part in 121 Mining Investment?

To increase Lavras Gold’s profile

What recent news would you like to highlight to investors attending?

June 6, 2022 — Lavras Gold announces mineral resource estimate for Cerrito Prospect
August 24, 2022 — A foundational second quarter for Lavras Gold
September 7, 2022 — Lavras Gold’s Zeca Souza drilling returns bonanza gold grades

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Continue to explore the LDS Project in Brazil, as we raise our profile in the capital markets.

6 Months:
Continue to explore the LDS Project in Brazil, as we raise our profile in the capital markets.

12 Months:
Continue to explore the LDS Project in Brazil, as we raise our profile in the capital markets.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Challenging capital markets and low profile, however we have enough cash to reach our short term goals and are working on raising our profile.

What do you think makes your company such a compelling investment?

If you back out our cash from our market cap, as well as existing resources, you are basically getting any future gold ounces for very low cost.

What are the top 3 key investor takeaways?

A highly prospective property that has the potential to be a district scale deposit
Starting from an existing base of 1 million ounces
A royalty that has the potential to deliver near term value