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Lavras Gold Corp. Company Logo

LGCFF
Lavras Gold Corp.

Ordinary Shares

1.657

0.027

1.66%

1.65 / 1.69 (500 x 300)

Real-Time Best Bid & Ask: 05:00pm 10/08/2025
Delayed (15 Min) Trade Data: 03:46pm 10/08/2025

Lavras Gold Corp.

82 Richmond Street East Suite 201

Toronto, ON M5C 1P1

Canada

Principal Executive Offices:

82 Richmond Street East Suite 201

Toronto, ONT M5C 1P1

Canada

Business Description
Lavras Gold (TSXV: LGC, OTCQX: LGCFF) is a Canadian exploration company focused on realizing the potential of a highly prospective gold district in southern Brazil. Its Lavras do Sul Project is in Rio Grande do Sul State and is primarily an intrusive hosted gold system of possible alkaline affinity. More than 24 gold prospects centered on historic gold workings have been identified on the property, which spans more than 23,000 hectares. A key discovery was made at the Fazenda do Posto target in August 2023 with drill results including 340 meters grading 1.1 gram per tonne gold. The company has a formal mineral resource of 1 million ounces of gold over two deposits at its Lavras do Sul projec ...
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Financial Reporting
Reporting Status
International Reporting: TSX Venture Exchange
Audited Financials
Audited
Fiscal Year End
12/31
Company Officers & Contacts
Michael Christopher Durose
CEO, President

Serving as President and CEO of Lavras Gold since its inception in early 2022, Mr. Durose acted as a geological consultant to Lavras Gold's predecessor company, Amarillo Gold and also served on Amarillo's board of directors prior to consulting. Mr. Durose served on the Board of Directors of Minco Gold Corporation on from May 2017 to June 2020 . He founded Mining Research Group Inc. in 2012 where he researched and advised on mining and resource-related investments. He also established Durose Asset Management Inc., a Fund Manager, Portfolio Manager and Exempt Market Dealer registered in the Province of Ontario, Canada. Mr. Durose has extensive Capital Markets experience as a senior mining analyst and advisor to investment funds principally with Morgan Stanley, Bunting Warburg (now UBS Canada), Nesbitt Burns (now BMO Capital Markets Inc.), and Scotia Capital. Prior to working in capital markets, Mr. Durose worked as an exploration geologist in the Canadian base metal and gold industries

Hemdat Sawh
CFO

Mr. Sawh has almost 20 years of experience serving as Chief Financial Officer for TSX-listed mining companies with producing assets around the world. These include Wesdome Gold Mines, Scorpio Mining, Crystallex, and Goldbelt Resources. He also spent over 16 years at Grant Thornton LLP, culminating as principal, focused on publicly listed mining companies. A Certified Professional Accountant, Mr. Sawh has an MBA in accounting from York University, a BSc in geology from Concordia University, and a graduate diploma in geology from McGill University.

Naomi Louise Nemeth
VP, Investor Rel.

Ms. Nemeth has more than 25 years' experience in investor relations and corporate communications, the past 16 of which have been focused on the mining industry. Following an undergraduate degree in Geology and a Master's degree in Journalism, Ms. Nemeth began her career as an exploration geologist with Inco field exploration working in the Yukon, Northwest Territories and Ontario. She then moved on to serve in senior investor relations and corporate communications roles in mining (HighGold Mining, Barrick Gold, African Copper, Homeland Energy, Banro Corp, Desert Sun Mining), financial services (Manulife Financial, Clarica/Sun Life) and pharmaceuticals (GSK, MDS, Biovail). Ms. Nemeth works from her home office in Oakville, Ontario.

Board of Directors
David Alexander Birkett
Independent Director, Audit Committee Member, Nominating Committee Member

Mr. Birkett has over 25 years of experience with public companies, largely focused on corporate development, management, finance, and exploration. President & CEO of UVAD, a technology company dedicated to UAV development, Mr. Birkett was previously President of Alton Natural Gas Storage and AltaGas Natural Gas Storage. He was also President & CEO of Landis Energy Inc., a public company, from 2010 to 2015 until it was acquired by AltaGas in 2010, and a director of Moss Lake Gold Mines Ltd. from 2000 to 2014, when it was acquired by Wesdome Gold Mines. Mr. Birkett has a BA in Economics from the University of Waterloo.

Michael Christopher Durose
CEO, President

Serving as President and CEO of Lavras Gold since its inception in early 2022, Mr. Durose acted as a geological consultant to Lavras Gold's predecessor company, Amarillo Gold and also served on Amarillo's board of directors prior to consulting. Mr. Durose served on the Board of Directors of Minco Gold Corporation on from May 2017 to June 2020 . He founded Mining Research Group Inc. in 2012 where he researched and advised on mining and resource-related investments. He also established Durose Asset Management Inc., a Fund Manager, Portfolio Manager and Exempt Market Dealer registered in the Province of Ontario, Canada. Mr. Durose has extensive Capital Markets experience as a senior mining analyst and advisor to investment funds principally with Morgan Stanley, Bunting Warburg (now UBS Canada), Nesbitt Burns (now BMO Capital Markets Inc.), and Scotia Capital. Prior to working in capital markets, Mr. Durose worked as an exploration geologist in the Canadian base metal and gold industries

Jonathan Hill

Mr. Hill is an economic geologist with over 35 years of experience in exploration, project development, and mining operations around the world. He has been directly involved in the discovery of several world-class projects in both greenfield and brownfield arenas. As Principal Advisor at Exploration Outcomes Ltda, he provides or has provided specialist support to several companies including Jaguar Mining Inc. and Sanatana Resources. Mr. Hill is a non-executive director and Chairman of Royal Road Minerals and a non-executive director of Avanti Gold Corp and Stratabound Minerals.

Lawrence Ward Lepard
Independent Director, Audit Committee Member, Compensation Committee Member, Nominating Committee Member

Mr. Lepard runs Equity Management Associates, LLC, an investment partnership which has focused on investing in precious metals since 2008. Prior to EMA, Mr. Lepard spent 25 years as a professional investor and venture capitalist. From 1991 to 2004 he was one of two Managing Partners at Geocapital Partners in New Jersey which managed six venture capital partnerships, the last of which was $250 million. Geocapital was very active in technology, software and computer investing and invested heavily in the internet starting in 1993. Geocapital was the lead investor in Netcom, Inc., the first internet service provider to complete an IPO in 1996. Prior to Geocapital Mr. Lepard spent 7 years as a General Partner at Summit Partners in Boston, MA. Summit is a large venture capital and private equity firm. He was employee number 4, joining 1 year after Summit was launched. Mr. Lepard holds an MBA with Academic Distinction from Harvard Business School and a BA in Economics from Colgate University.

Michael Alvin Mutchler
Compensation Committee Member

Mike Mutchler has a long history of success in project management and business turnaround in Canada and Latin America. Currently a director of Rio Narcea Gold Mines, Ltd., he was most recently President and CEO of Amarillo Gold Corporation, his experience in Brazil includes Chief Operating Officer for Largo Resources, where he successfully built a Vanadium mine and mill, and Project Director for Kinross Gold Corporation's Paracatu Mine. A fifth generation miner, Mr. Mutchler was previously a partner at Whittle Consulting Pty. His other roles include Chief Operating Officer of Rainy Resources, Vice President of Project Development for Kinross, Project Manager for Kinross' Cerro Casale project in Chile, and managerial positions at ASARCO. Mr. Mutchler has a BSc (Mining Engineering), MBA, Executive Juris Doctorate degree, and Chartered Directors Certificate.

Rostislav Christov Raykov
Independent Director, Audit Committee Member, Compensation Committee Member

Mr Raykov served as a director and Chief Executive Officer of Fennec Pharmaceuticals, a publicly traded biotechnology company, July 2009 to 2024. He was also a director of Wesdome Gold Mines from 2013 to 2016. Prior to Fennec, he was a co-founder and portfolio manager for Alchem Investment Partners, an event-driven hedge fund. He also served as a portfolio manager for Purchase Associates, an event-driven hedge fund owned by John Levin & Co., and worked as an analyst at Arbitrage Associates, a Merger Arbitrage hedge fund owned by Tiedeman Investment Group. He began his career as a financial analyst in the natural resources group at Bear Stearns. Mr. Raykov has a BSc in business administration from the University of North Carolina at Chapel Hill.

Rowland Wallace Uloth
Independent Director, Nominating Committee Member

Mr. Uloth is a seasoned mining executive and business professional. He was President and Chief Executive Officer of Wesdome Gold Mines from May 2007 to December 2009, when he led the company through several of its most profitable years and reopened the Kiena Mine, and from July 2013 to August 2016, when he successfully restructured the company. He sat on Wesdome's board from 1999 to 2009, serving as Chairman from 2006 to 2009, and again from August 2013 to 2016. He is currently President of the Rosedale Group, a privately-held distribution, warehousing, and storage company with over 800 employees.

Other Company Insiders
Lawrence Lepard
EMA GARP Fund, LP
Eric Sprott
2176423 Ontario Ltd.
Other Company Insiders are all persons or entities beneficially owning 10% or more of any class of the issuer's securities. Together, officers, directors and other company insiders comprise Company Insiders.
Service Providers
Accounting/Auditing Firm
Davidson & Company LLP

Suite 1200-609 Granville Street,

PO Box 10372

Vancouver, BC V7Y 1G6

Canada

Securities Counsel
Irwin Lowy LLP

217 West Queen Street, #401

Toronto, ON M5V 0R2

Canada

Profile Data
Joined OTCQX
11/2023
SIC - Industry Classification
Not Available
Incorporation Information
BC, CA, 2021
Employees
31 as of 10/23/2024
Shell
No
Products and Services

Lavras Gold is an exploration company focused on the potential of the gold district in southern Brazil.

Company Facilities

Lavras Gold has a 5 year lease on an office space in Lavras do Sul, Rio Grande do Sul, Brazil. Lavras Gold's principle executive office is listed at 82 Richmond Street East, Suite 201, Toronto, Ontario, Canada, which is an address shared with several junior public mining companies.

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Best Market
The Company Profile data was verified by the issuer within the previous 6 months.
This security is not a Penny Stock as defined in SEC Rule 240.3a51-1.
This company has certified to OTC Markets Group that it is eligible to rely on the exemption from registration under Securities and Exchange Act Rule 12g3-2(b).
The company’s transfer agent has verified its outstanding shares directly to OTC Markets.
The Company’s board of directors includes at least two Independent Directors.
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