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Minera Alamos ( (TSE:MAI) ) has provided an announcement.
Minera Alamos has received conditional approval from the TSX Venture Exchange to extend its loan agreement conditions with Auramet, allowing the company financial flexibility as it progresses with the permitting process for the Cerro de Oro gold mine. This move reflects a positive shift in the permitting environment in Mexico and positions Minera Alamos to benefit from its strategic operational plans, potentially impacting its market presence and stakeholder interests.
More about Minera Alamos
Minera Alamos is a gold production and development company with a portfolio of high-quality Mexican assets. It owns the Santana open-pit, heap-leach mine in Sonora, which is starting operations at the Nicho Main deposit, the Cerro de Oro oxide gold project in Zacatecas, and the La Fortuna open-pit gold project in Durango. The company has a strong track record of bringing open-pit heap leach gold mines into successful production in Mexico over the last 14 years.
YTD Price Performance: 1.92%
Average Trading Volume: 396,030
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$124.7M
See more data about MAI stock on TipRanks’ Stock Analysis page.
