Lewis & Co Mining Corporation operates the Mogok Mines, a premier gold and silver mining site in the renowned Shan State, Myanmar. Our strategic location and innovative mining techniques position us as a leader in the mining industry, offering a strong return on investment for our stakeholders. We prioritize sustainable practices, community engagement, and regulatory compliance to ensure the longevity and success of our operations.
Our Mogok Mines continue to show strong production capacity. We are targeting an annual production run rate of 200,000 ounces of gold over the next decade, supported by ongoing expansion and optimization of our underground mining operations.
With a total in-situ contained proved reserves of gold amounting to over 4.5 million ounces (CRIRSCO 2023), Lewis & Co Mining Corporation is well-positioned to ensure long-term sustainability and profitability.
Since transitioning to underground operations in 1979, we have significantly increased our production capabilities, which has allowed us to better access higher-grade ores, reducing production costs and increasing output.
Lewis & Co maintains a robust balance sheet, with substantial cash reserves and minimal debt, ensuring financial stability and the ability to invest in growth opportunities. Our continued focus on cost control has enabled us to maintain a competitive cost per ounce of gold produced.
We are dedicated to sustainable mining practices, minimizing our environmental footprint, and contributing positively to the communities in which we operate. Our commitment to responsible mining is integral to our operational strategy and corporate culture.
Change % |
2022 |
2023 |
|
---|---|---|---|
Ore Mined (T)
|
22.8%
|
571,035
|
701,465
|
Change % |
2022 |
2023 |
|
---|---|---|---|
Gold Grade (g/t)
|
-7.4%
|
2.17
|
2.01
|
Change % |
2022 |
2023 |
|
---|---|---|---|
Contained Gold (oz)
|
+22.9%
|
36,835
|
45,270
|
Change % |
2022 |
2023 |
|
---|---|---|---|
Gold Recovery (%)
|
+0.2%
|
83.43
|
83.60
|
6% annually
USD 1,500
10%
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