Leagold closes $350m acquisition of Los Filos mine, Mexico

Canadian project developer Leagold Mining has completed the acquisition of the Los Filos gold mine, in Mexico, for $350-million from compatriot major miner Goldcorp. "Today marks a strong beginning for Leagold with the Los Filos mine becoming our platform for growth. We have transformed into a low-cost gold producer in Mexico and we will immediately focus on optimising the mine and progressing the drilling programmes and related preparation work for the development of a new underground mine at Bermejal,” CEO Neil Woodyer stated in a press release Friday.