Minera Alamos is an advanced-stage exploration and development company with a growing portfolio of high-quality Mexican assets, including the La Fortuna open pit gold project in Durango with positive PEA completed (permits awaiting issuance) and the Santana open pit heap-leach development project in Sonora with test mining and processing completed (permits pending). The Company anticipates making a construction decision at Santana in 2019 and advancing both Santana and Fortuna in to production in 2019-2020.
The Company’s strategy is to develop low capex assets while expanding the near mine resource and pursuing complementary strategic acquisitions.
Proven Mine Building team
The Minera Alamos team has successfully built three mines in the last 12 years, including founding Castle Gold and developing the El Castillo mine for $8 million, which was later sold to Argonaut Gold for $130M.
A Strong Financial partner
Osisko Gold Royalties Ltd. (“Osisko”) is a cornerstone strategic partner for the Company’s acquisition and development opportunities. Osisko is a premier growth-oriented precious metals royalty company and holds a North American focused portfolio of over 130 royalties, streams and precious metal offtakes. Osisko owns approximately 13% of Minera Alamos.
Aggressive Growth Ambitions
The Company is focused on opportunistically acquiring and developing high-quality mining assets that are:
- 12-24 months away from production;
- Capable of high operating margins; and
- Modest in size/capex
Path to 150,000 Gold Oz/Year Producer
A phased build out of the existing assets should allow the first mine’s construction in 2019 with two subsequent operations commencing in 2020 and 2021 respectively.