Doug Ramshaw, President and CEO of Minera Alamos (TSX.V:MAI – OTCQX:MAIFF), joins us for an update focused on the continued ramp up towards commercial production at the Santana Gold Mine in Sonora, Mexico and importantly the surface rights agreements being executed at their key development Cerro De Oro gold project in Zacatecas, Mexico. This milestone of having the surface rights will allow the Company to finish remaining activities necessary for the Permit Application submission for the project. This will incorporate all the engineering, geological and other geotechnical work completed to date that collectively represent the plan to develop the Cerro de Oro gold project into the Company’s second operating gold mine.
We discuss the growth-oriented production profile where Santana will be able to initially generate 30k ounces per year in gold production but ramp up to over 40k ounces; Cerro De Oro is projected to produce 60k-65k ounces of gold per year, and La Fortuna is projected to produce about 50k ounce of gold per year. In addition to all the production growth on tap over the next few years, the company also has is continuing to explore and expand on all projects, and on June 23rd updated the markets on its regional exploration activities in the Melchor Ocampo area of Zacatecas, around the Cerro De Oro project.
We wrapped up with Doug outlining the key takeaways from the recent financing and key news on tap for the balance of the year; with Santa reaching commercial production and the economic study at Cerro De Oro being the key factors for investors to look for.
Please email us with any follow up questions for Doug regarding Minera Alamos. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
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