Minera Alamos is a gold development company poised to join the ranks of gold producers in 2021. The Company has a portfolio of high-quality Mexican assets, including the 100%-owned Santana open-pit, heap-leach development project in Sonora that is currently under construction, and which is expected to have its first gold production in early 2021. The newly acquired 100%-owned Cerro de Oro oxide gold project in northern Zacatecas that has considerable past drilling and metallurgical work completed and could enter the permitting process rapidly. The La Fortuna open pit gold project in Durango (100%-owned) has an extremely robust and positive preliminary economic assessment (PEA) completed and the main Federal permits in hand. A construction decision on La Fortuna could be made in late 2020 or early 2021, highlighting the organic growth the existing project portfolio can provide to the overall production profile. Minera Alamos is built around its operating team that together brought 3 mines into production in Mexico over the last 13 years..
The Company’s strategy is to develop very low capex assets while expanding the projects’ resources and continuing to pursue complementary strategic acquisitions.
Proven Mine Building team
The Minera Alamos team has successfully built three mines in the last 13 years, including founding Castle Gold and developing the El Castillo mine for $8 million, which was later sold to Argonaut Gold for $130M.
Aggressive Growth Ambitions
The Company is focused on opportunistically acquiring and developing high-quality mining assets that are:
- 12-24 months away from production;
- Capable of high operating margins; and
- Modest in size/capex