Management Routine +

Lavras Gold Announces the Appointment of Federico G. Velasquez as President and CEO

Lavras Gold Taps Veteran Latin American Mining Executive to Drive Brazil Permitting and Development Pipeline

By The Northwire Desk — AI Analysis Jun 01, 2026 · 07:01 LGC · 2.2 Lavras Gold Corp.

Executive Summary

Lavras Gold Corp. announced the appointment of Federico G. Velasquez as President and CEO, effective immediately, replacing Interim CEO Hemdat Sawh.
Mr. Velasquez brings over 20 years of international mining experience, including leadership roles at Highlander Silver Corp, Solaris Resources, Equinox Gold, and Anglo American.
The executive transition package includes incentive stock options for 600,000 common shares at an exercise price of C$2.20, vesting over three years and expiring in May 2031.
Mr. Velasquez's mandate focuses on advancing the Lavras do Sul (LDS) project through Brazil's permitting process, managing social license, and positioning the 21,000-hectare district-scale gold system for development.
Hemdat Sawh transitions to the role of permanent Chief Financial Officer.

Material Impact

The appointment of a seasoned CEO is a standard corporate governance step following an interim period. It does not represent a sudden strategic pivot or unexpected market-moving event.
The stock option grant at C$2.20 aligns with the current trading range, indicating fair market valuation but introduces incremental dilution.
The CEO's background in Latin American permitting and corporate affairs directly supports the company's stated 2026 roadmap of completing the Environmental Impact Assessment (EIA) and submitting the Preliminary License (LP) application by Q4 2026.
The news is incremental to the ongoing exploration and development narrative. It validates management's commitment to execution but does not alter the fundamental risk profile or near-term financial outlook.

LGC · Price

Company Overview

Lavras Gold Corp. is a pre-revenue gold exploration and development company focused on the Lavras do Sul (LDS) Project in Rio Grande do Sul, Brazil.
The flagship asset is the Butiá-Fazenda do Posto (FdP) project, a near-surface, bulk-tonnage open-pit gold system.
The LDS Project covers approximately 23,000 hectares and hosts multiple priority targets, including Butiá, Cerrito, Fazenda do Posto, Caneleira, and Matilde.
Butiá holds an NI 43-101 resource of 377,000 oz Measured & Indicated at 0.91 g/t Au and 115,000 oz Inferred at 0.97 g/t Au.
Cerrito holds 188,000 oz Indicated at 0.70 g/t Au and 293,000 oz Inferred at 0.69 g/t Au.
The company is advancing metallurgical testing, environmental studies, and engineering design to move the Butiá-Fazenda project toward a Preliminary Economic Assessment (PEA) and permitting.

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