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MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% SCD 0.170 +1.5% SRC 1.75 −2.8% FOXT 0.155 +0.0% TG 0.180 −2.7% NOBL 0.100 −4.8% MGG 0.300 +0.0% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% SCD 0.170 +1.5% SRC 1.75 −2.8% FOXT 0.155 +0.0% TG 0.180 −2.7% NOBL 0.100 −4.8% MGG 0.300 +0.0%
Production / Operations

Lavras Gold plans 20,000 metres of drilling for LDS

By The Northwire Desk — AI Analysis Nov 24, 2025 · 17:29 LGC · 2.80 Lavras Gold Corp.
LGC · Price

Executive Summary

  • Lavras Gold Corp. provided a strategic update on its LDS project in Brazil, announcing a restructuring of the Brazilian team to focus on exploration, development, and licensing for the Butia/Fazenda do Posto area.
  • The company outlined an aggressive exploration strategy, planning approximately 20,000 metres of diamond drilling in 2026 to target mineral resource growth and add material inventory.
  • Progress on the Butia/Fazenda do Posto project includes completed flora/fauna campaigns and hydrogeological analysis, with a Preliminary Economic Assessment (PEA) and Environmental Impact Assessment (EIA) targeted for completion by August 2026, and the LP application submission by October 2026.

Key Details

  • Management Restructuring: The Brazilian team was restructured to focus on exploration and development, execution of the strategy for the 23,000-hectare LDS project, and the application for the Butia/Fazenda do Posto preliminary licence (LP).
  • Leadership: Hemdat Sawh serves as interim president and CEO and CFO; Jon Hill is interim VP, Exploration; Mike Mutchler is interim COO.
  • Drilling Plan: Approximately 20,000 metres of diamond drilling are planned for 2026, targeting established targets and priority targets with potential to add material inventory in the near term.
  • Butia/Fazenda do Posto Progress:
    • Environmental Impact Assessment (EIA) is progressing with completion of first flora and fauna campaigns, initial hydrogeological analysis, noise/vibration analyses, and preliminary metallurgical testing.
    • Socio-economic studies and engagement with Quilombola communities are continuing.
    • An engineering firm is being engaged to initiate mine plan/sequence, mine closure, infrastructure, and resource/reserve model assessment for the PEA.
  • Project Timeline:
    • PEA and EIA completion target: August 2026.
    • LP application submission target: October 2026.
  • Investor Relations Change: Naomi Nemeth resigned as VP, Investor Relations, effective Nov. 21, 2025.
  • IR Consulting Agreement: The company entered into a consulting agreement with 2608124 Ontario Inc. (Target IR & Communications) for IR and communication services.
    • Term: Initial term of six months, effective Nov. 24, 2025.
    • Fee: $10,000 per month (plus applicable taxes).
    • Terms: No securities will be issued as compensation; the firm is at arm's length with no interest in the company.

Notable Quotes

  • No direct quotes from the CEO or President were included in the text.
Read the original news release →

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