Minera Alamos is gold development company poised to join the ranks of gold producers in 2020. The Company has a portfolio of high-quality Mexican assets, including the 100%-owned Santana open-pit, heap-leach development project in Sonora currently under construction, which is expected to have its first gold production in late 2020. The La Fortuna open pit gold project in Durango (100%-owned) has an extremely robust and positive preliminary economic assessment (PEA) completed and is nearing the end of the permitting process. A construction decision on La Fortuna could be made in late 2020 or early 2021 and highlights the organic growth the existing projects can provide to the overall production profile. Minera Alamos is built around its operating team that together brought 3 mines in to production over the last 12 years.
Mining in Mexico
Mexico is the largest producer of silver in the world and a top global producer of gold, copper and zinc and other important metals and minerals. With its 500-year mining history, stable government and attractive mining investment environment, Mexico ranks globally as one of the most favoured mining and exploration jurisdictions.
Despite its extensive mining history, Mexico’s mineral potential remains very strong with multiple, productive metallogenic belts and a considerable portion of the country still deemed underexplored.
Permitting in Mexico
Permitting is a very straightforward and transparent process in Mexico. Typically the process takes less than 12 months and a core competency of Minera’s team is understanding and successfully navigating within the regulatory regime of the mining sector in Mexico. This was highlighted with the recent positive notification of the permits for Santana. The Company anticipates a similar result for the La Fortuna final permit.