Minera Alamos (TSE:MAI) has released an update.
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Minera Alamos Inc. updates on progress in developing its copper assets, Los Verdes and Potreritos, inherited from Virgin Metals. With metal prices strengthening, the company sees an opportunity to establish a copper production hub in Sonora, leveraging past extensive testwork and engineering to potentially reduce CAPEX. Although there’s no immediate plan to update the economic assessment, preliminary figures suggest significant pre-tax net cash flow and a robust internal rate of return.
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