Minera Alamos Inc. (TSX-V:MAI) - It's nice and different, Plus is bright and brilliant
Matthew Gordon, Ptolemy Capital
1 Week ago
Minera Alamos is a gold development company that is aiming to become a gold producer in 2020.
The company has a portfolio of Mexican gold assets, including the 100%-owned Santana open-pit, heap-leach development project in Sonora currently under construction (expected first gold production in Q1 2021). Minera Alamos' other project, the 100%-owned La Fortuna open pit gold project in Durango, appears to have a 'robust' PEA and is nearing the end of the permitting process. A construction decision on La Fortuna could be made in late 2020 or early 2021. Minera Alamos' team have together brought 3 mines into production over the last 12-years. The aim is to get Santana into production quickly, then finance La Fortuna out of cash flow. Ramshaw claims that Mexico as a jurisdiction and the nature of the projects will Minera Alamos to maintain a very low CAPEX across its 2 projects. Clever. Let's unpack this further...
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