Alamos receives environmental permit for Puerto Del Aire project construction

Alamos Gold (TSX: AGI; NYSE: AGI) has received environmental approval from Mexico’s Secretariat of Environment and Natural Resources to commence construction on the Puerto Del Aire (PDA) project in the Mulatos District.The project is expected to significantly extend the district’s mine life with a high-grade underground deposit, offering substantial exploration potential.With initial capital spending planned between $37 million and $40 million for 2025, production is projected to begin by mid-2027, targeting an average annual gold output of 127,000 ounces during the first four years.Alamos extends high-grade mineralization at Island Gold minePDA has an estimated after-tax Net Present Value (NPV) (5%) of $269 million and an after-tax Internal Rate of Return (IRR) of 46%, based on a base case gold price of $1,950 per ounce and an MXN/USD exchange rate of 18:1. At a gold price of $2,500 per ounce, the after-tax NPV (5%) increases to $492 million, with an after-tax IRR of 73%.Alamos’ portfolio also includes the Island Gold District and Young-Davidson mine in northern Ontario, as well as the Lynn Lake project in Manitoba, Canada.Shares of Alamos Gold rose 05% by 11:10 a.m. EDT. The miner has a market capitalization of $8.6 billion.Weiter zum vollständigen Artikel bei Mining.com Weiter zum vollständigen Artikel bei Mining.com