Dallas, Texas--(Newsfile Corp. - March 31, 2025) - Lavras Gold Corp. (TSXV: LGC): Stonegate Capital Partners initiates their coverage on Lavras Gold Corp. (TSXV: LGC). As of 4Q24, Lavras Gold maintained a disciplined financial approach, ending the year with a cash balance of C$1.65M. The Company has successfully managed its exploration expenditures through equity financing, completing a significant C$15.0M raise in February 2025 at C$2.20 per share, attracting new institutional investors. Operating expenses remain primarily focused on exploration and evaluation, ensuring effective use of resources. With no outstanding long-term debt, LGC retains substantial financial flexibility to advance its exploration targets.
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Key Takeaways:
- The Company successfully raised C$15.0M in February 2025.
- The Buti'a Deposit remains Lavras Gold's most advanced project, hosting M&I resources totaling ~377,000 ounces of gold.
- The Cerrito Deposit has indicated resources of ~ 188,000 ounces of gold and inferred resources of 293,000 ounces.
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About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.
Contacts:
Stonegate Capital Partners
(214) 987-4121
[email protected]
Source: Stonegate, Inc.
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