PRECIOUS METALS

Minera Alamos a step closer to production at Santana

Selects mining contractor

Staff reporter
 The initial heap leach area at Minera Alamos’ Santana gold project in Mexico has been completed

The initial heap leach area at Minera Alamos’ Santana gold project in Mexico has been completed

It named Trigusa, with the contractor currently active on site having recently completed all civil works related to the construction of the gold recovery plant, solution ponds and heap leach pad.

"Our Mexican operations team has a long and positive history with Trigusa dating back to their involvement with the construction and operations at the El Castillo mine (Castle Gold)," CEO Darren Koningen said.

"Given the logistical challenges surrounding the construction of a new mine during the COVID-19 pandemic we have witnessed firsthand, and in the toughest of environments, the commitment and execution of Trigusa."

Minera Alamos has said it was built around its operating team which brought three mines into production in Mexico over the past 13 years.

It has not completed a feasibility study on Santana.

The fully-funded C$10-12 million heap leach operation was expected to start gold production in the second quarter, the company said in February presentation.

Minera Alamos has two other projects in Mexico - the recently acquired Cerro de Oro which it said represented a near-term development opportunity, and the La Fortuna project, now set to be third cab off the rank.

Minera Alamos shares (TSXV: MAI) have spanned 22-78c over the past year and closed up more than 10% yesterday to 65c, valuing it about $287 million (US$228 million).

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.