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The latest announcement is out from Alamos Gold ( (TSE:AGI) ).
Alamos Gold Inc. has received approval from Mexico’s Secretariat of Environment and Natural Resources to amend its environmental impact assessment, enabling the commencement of construction on the Puerto Del Aire project in the Mulatos District. This project is anticipated to significantly extend the mine life of the district with a high-grade underground deposit, offering substantial exploration upside. With initial capital spending planned between $37 to $40 million for 2025, the project is projected to start production by mid-2027, targeting an average annual gold production of 127,000 ounces in the first four years. The economic study suggests a low-cost, high-return venture with an after-tax NPV of $269 million and an IRR of 46% at a base gold price of $1,950 per ounce.
More about Alamos Gold
Alamos Gold Inc. is a company operating in the gold mining industry, focusing on exploration and production of gold. Their operations are primarily centered around high-return projects, with a significant presence in the Mulatos District, Mexico, where they have extended the life of their mining projects through continued exploration success.
YTD Price Performance: 6.33%
Average Trading Volume: 2,289,693
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $8.6B
Learn more about AGI stock on TipRanks’ Stock Analysis page.
