What Lavras Gold does

Lavras Gold Corp. is a Canadian pre-revenue gold exploration company that was incorporated in 2021 and spun out from Amarillo Gold plc in April 2022. It is listed on the TSX Venture Exchange under LGC and on OTCQX under LGCFF, with a market capitalization of approximately C$143 million and 58.4 million shares outstanding as of April 2026. The company is headquartered in Canada with field operations in Brazil and reports an employee base of 11–50. The company's sole material asset is the wholly-owned Lavras do Sul (LDS) Project in Rio Grande do Sul, southern Brazil, comprising 34 mineral rights across approximately 23,000 hectares, on which more than 24 gold prospects have been identified.

The economic anchor of the LDS Project is the Butiá deposit, which hosts approximately 377,000 ounces of gold in Measured and Indicated categories, together with the Cerrito deposit (approximately 188,000 ounces Indicated) and a pipeline of earlier-stage targets including Caneleira and Fazenda do Posto. Exploration is supported by 20+ years of legacy geological data inherited from prior operators and supplemented by 95,000+ metres of drilling completed by Lavras Gold since founding. As a pre-revenue explorer, the company generates no operating revenue and finances ongoing work through periodic equity raises; its strategic shareholders include Kinross Gold, Eric Sprott, and Rob McEwen. The company has been recognized in the TSX Venture 50 Top 10 in both 2024 and 2025.

Lavras Gold also holds a 2% net smelter return (NSR) royalty on the Mara Rosa gold mine operated by Hochschild Mining in Goiás, Brazil, a non-core asset inherited from the Amarillo Gold spin-out. The company has retained Ausenco and GE21 as engineering and resource estimation partners to advance Butiá and Cerrito toward a preliminary economic assessment. Leadership transitioned in mid-2026 with the appointment of Federico G. Velásquez as CEO, replacing Michael Durose (departed October 2025), with CFO Hemdat Sawh providing continuity as former Interim CEO. The business model is conventional mineral exploration: invest equity in drilling and studies to grow a resource base, with monetization expected via future sale, joint venture, mine construction, or royalty cash flow.

Name

Lavras Gold

Legal name

Lavras Gold Corporation

Website

https://lavrasgold.com

Company type

Public

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Lavras Gold Corp. is a Canadian pre-revenue gold exploration company advancing the wholly-owned Lavras do Sul project in Rio Grande do Sul, Brazil, with Butiá and Cerrito as principal deposits.

Ownership category

akta.pro rank

Product category

Gold Exploration & Mining

NAICS

Gold Ore and Silver Ore Mining (21222)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

akta.pro secondary industry

Gold Mining (IMAKAEAA)

Keywords

• Gold exploration
• Mineral resources
• Junior mining
• Gold deposits
• Exploration drilling

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Exploration Stage (Pre-Revenue): Lavras Gold is a pre-revenue junior gold exploration company. The company generates no current revenue from operations and relies entirely on equity financing and capital markets to fund exploration activities, project development, and administrative expenses. Revenue will only be generated after successful development of mining operations.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Lavras Gold is a junior gold exploration company focused on advancing its Lavras do Sul (LDS) Project in Rio Grande do Sul, Brazil, a district-scale land package of over 23,000 hectares hosting more than 24 gold prospects and two NI 43-101 compliant deposits (Butiá and Cerrito). The company conducts exploration drilling, geological modeling, and resource estimation activities targeting a potential multi-million ounce gold discovery. It also holds a 2% NSR royalty on the Mara Rosa Gold Project, providing ancillary value creation.

Product overview

Lavras Gold is a Canadian gold exploration company operating as a single-asset explorer focused on its Lavras do Sul (LDS) Project in Rio Grande do Sul, Brazil. The company does not offer a software product or platform; rather, its core business is mineral exploration and resource development. The LDS Project encompasses multiple exploration targets and two advanced deposits (Butiá and Cerrito) with established NI 43-101 mineral resources. The flagship development project is the Butiá-Fazenda do Posto Gold Project, while additional exploration targets include Caneleira, Matilde, Matilde Extension, Olaria, Zeca Souza, Galvão, and Vila Marieta. The company also holds a 2% NSR royalty on the Mara Rosa Gold Project in central Brazil.

Differentiator

Problem solved

Functional benefit

Products and services

• Lavras do Sul (LDS) Project District-scale gold exploration project located near Lavras do Sul in Rio Grande do Sul, Brazil, spanning approximately 23,000 hectares with 34 mineral rights and more than 24 gold prospects centered on historic gold workings. The asset features an intrusive hosted gold system of possible alkaline affinity with multi-stage magmatic-hydrothermal mineralization.
• Butiá-Fazenda do Posto Gold Project Flagship development project of Lavras Gold, located approximately 2 km north of the Caneleira target, representing the most advanced asset at the LDS Project with the objective of demonstrating economic feasibility for a gold mine.
• Butiá Gold Deposit Advanced gold deposit within the LDS Project with NI 43-101 compliant mineral resource of 377,000 oz Au (Measured & Indicated) and 115,000 oz Au (Inferred) at a 0.30 g/t Au cut-off grade. Bulk-tonnage potential demonstrated with 1.4 g/t gold over 236 metres from surface.
• Cerrito Gold Deposit Gold deposit within the LDS Project with NI 43-101 compliant mineral resource of approximately 188,000 oz Au (Indicated) and 293,000 oz Au (Inferred) at a 0.30 g/t Au cut-off grade.
• Caneleira Exploration Target Exploration target at the LDS Project featuring high-grade gold intercepts, including 21.66 g/t Au over 15 metres (including 132.93 g/t Au over 2 metres), with confirmed northwest-southeast trending mineralized vein structures.
• Matilde and Matilde Extension Exploration Targets Exploration targets within the LDS Project featuring high-grade gold, silver, and copper mineralization, with a best intercept of 10.00 metres grading 13.21 g/t gold, 22.94 g/t silver, and 0.22% copper.
• Mara Rosa Royalty A 2% revenue-based NSR (Net Smelter Return) royalty on exploration ground around the Mara Rosa Mine in central Brazil, providing potential value creation from another company's mining operations without incurring development costs.

Quantifiable outcome

• High-grade intercept: 21.66 g/t Au over 15m including 132.93 g/t over 2m at Caneleira target
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Ausenco do BrasilcoreImplementation/ SI/ Consulting Partner · 9 February 2026Ausenco do Brasil Engenharia Ltda. was selected to lead process plant design and infrastructure engineering for the Butiá-Fazenda do Posto Project. The engagement supports the application for Preliminary License and advancement toward PEA stage.
• GE21 Consultoria MineralcoreImplementation/ SI/ Consulting Partner · 9 February 2026Brazil-based GE21 Consultoria Mineral was appointed to handle mine planning, mine closure planning, and resource model assessments as part of the Butiá-Fazenda do Posto development studies.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Troilus Gold Corp. Canadian-listed junior gold company advancing the Troilus Gold-Copper Project in Quebec. Similar stage of development (pre-construction), comparable market cap range, and analogous trajectory of resource expansion and economic studies.
• Wesdome Gold Mines Ltd. Canadian-listed gold producer with operations in Ontario (Eagle River, Kiena mines). Comparable as a Canadian-listed gold company that has progressed from explorer to producer, providing a development benchmark.
• GoldMining Inc. Canadian-listed gold acquisition and development company with multiple gold projects across the Americas, including Brazil (Cauê, São Jorge). Similar pre-revenue model focused on consolidating gold assets in stable jurisdictions.
• Meridian Mining UK Societas: Junior mining company focused on base and precious metals exploration in Brazil, including the Cabaçal gold-copper project. Directly comparable as a Brazilian-focused exploration company advancing toward development.
• Cabral Gold Inc. Canadian-listed junior gold exploration company focused on the Cuiú Cuiú gold district in northern Brazil. Similar pre-revenue exploration stage, comparable market cap range, and parallel strategic positioning in Brazilian gold exploration.

Regional players

• Hochschild Mining plc: Precious metals miner focused on South America (primarily Peru and Argentina), with brownfield exploration and development programs. Comparable as a regional precious metals operator with similar geological targeting of intrusive-related gold systems.

Broad incumbents

• AngloGold Ashanti plc: Global gold major with the largest gold mining operations in Brazil (Minas Gerais region). Represents the apex strategic acquirer for advanced Brazilian gold projects and sets the broader Brazilian mining investment context.
• Alamos Gold Inc. Mid-tier gold producer with significant Brazilian operations (including the recently commissioned Cerro do Meco project). Represents the type of mid-tier producer Lavras could become or be acquired by, and competes for similar Brazilian exploration talent and assets.
• Aura Minerals Inc. Mid-tier gold and copper producer operating multiple mines in Brazil (Almas, Aranzazu, Apoena). Comparable as a mid-cap Brazilian gold operator that has grown through both organic development and acquisitions.
• Equinox Gold Corp. Major gold producer with multiple producing mines in Brazil (including Aurizona, Fazenda, RDM). Direct overlap in Brazilian gold mining jurisdiction and represents a potential acquirer or competitor for development capital and infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/LavrasGold
• YouTubeyoutube.com/channel/UCqTlcpF4v7dNnNJRFEb75HA
• LinkedInlinkedin.com/company/lavras-gold-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds4 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lavras Gold