We are advancing two gold projects located near excellent infrastructure in mining-friendly states in Brazil.

 

Our development stage Posse Gold Project is on our Mara Rosa Property in Goiás State. It has a positive definitive feasibility study that shows it can be built into a profitable operation with low costs and a strong financial return. Mara Rosa also shows the potential for discovering additional near-surface deposits that will extend Posse’s mine life beyond its initial 10 years.

 

Our exploration stage Lavras do Sul Project in Rio Grande do Sul State has more than 22 prospects centered on historic gold workings.

 

We trade on the TSXV under the symbol AGC and the OTCQB under the symbol AGCBF.

   We’re not just building a mine.

 

   We’re building a legacy.

Feasibility study summary for Posse

Mine Life 10 years
Gold production (ounces) – years 1 to 4 102,000
Average annual gold production (ounces) 84,000
After-tax net present value 5%* $183M
After-tax internal rate of return* 25%
Cash cost per ounce* $706
All-in sustaining cost per ounce* $738
After-tax pay back* 2.6 years
Initial capital cost $145M

 

Notes

    *Assumes gold price of $1,400 per ounce and a Brazilian Real to U.S. dollar exchange rate of 4.2 to 1. All dollar amounts are in U.S. dollars.

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