Minera Alamos is looking at a larger development at its Cerro de Oro project in Zacatecas, Mexico, with plans for an 80,000-tonne per annum operation for 12-13 years, compared to the initial 58,000-ounce per annum for eight years outlined in a preliminary economic assessment. The company is actively pursuing land deals to expand the project's life and production capacity. They are also finalizing a C$21.6 million all-stock deal to acquire Sabre Gold, adding the Copperstone gold project in Arizona to their portfolio. Both Cerro de Oro and Copperstone are projected to come into production in 2026, potentially reaching a combined 100,000-ounce per annum production rate.
Minera Alamos is looking at a larger development at its Cerro de Oro project in Zacatecas, Mexico and is permitting for an 80,000tpa operation for 12-13 years, compared with the 58,000ozpa for eight years outlined in an October 2022 preliminary economic assessment."We spent a lot longer getting our surface rights to encompass a permit application that covers off not just this 60,000ozpa, eight-year mine life, but something which is much closer to 12- to 13-year life, at 80,000ozpa.
5% NSR load, down from greater than 10% before reducing the stream and reduction of a 1.5% royalty," said Ramshaw.Closure of the Sabre acquisition will take the company's outstanding shares count up to over 600 million. Ramshaw said the company will likely consider a share consolidation at some point in the future, but it will await a catalyst, such as receiving permits for Cerro de Oro.
MINERA ALAMOS CERRO DE ORO COPPERSTONE GOLD MINING DEVELOPMENT PRODUCTION ACQUISITION MEXICO ARIZONA
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Real Madrid Ease Past Deportiva Minera in Copa del ReyReal Madrid advanced to the Copa del Rey Round of 16 with a comfortable victory over lower-league side Deportiva Minera. Arda Guler stood out with two goals, contributing to a dominant display by the reigning La Liga champions.
Read more »
Real Madrid Cruise Past Deportivo Minera in Copa del ReyReal Madrid secured a comfortable 5-0 victory against fourth-tier Deportivo Minera in the Copa del Rey, with Arda Guler scoring twice and Luka Modric contributing a goal and a masterful midfield display.
Read more »
Once-in-160,000-Years Comet Could Shine as Bright as Venus This WeekStargazers are excited for the appearance of Comet C/2024 G3 (ATLAS), which could reach the brightness of Venus and be visible across the globe. While it reached its closest point to the sun on January 13th, it might still be visible in the nights following. This rare event is expected to occur roughly every 160,000 years.
Read more »
Here's how to see a once-in-a-160,000-year comet next weekHumanity is about to get a once-in-a-lifetime chance to see Comet G3 ATLAS (C/2024), possibly the brightest comet in 20 years.
Read more »
Here's how to see a once-in-a-160,000-year comet next weekHumanity is about to get a once-in-a-lifetime chance to see Comet G3 ATLAS (C/2024), possibly the brightest comet in 20 years.
Read more »
180(000)! Nigel Farage's joy as he channels his inner Luke Littler to celebrate Reform hitting...In a pointed jibe at the Tory leadership Mr Farage held up a dartboard registering the maximum 180 score, leading to wild cheers at Reform UK's North West England Conference in Chester yesterday.
Read more »