Minera Alamos President Doug Ramshaw joined Steve Darling from Proactive to share news the company has released a positive independent Preliminary Economic Assessment for the Cerro de Oro Project in Mexico. Ramshaw told Proactive the report showed an average annual gold production approaching 60,000oz. The report noted after-Tax NPV at 5% of $150.5M and IRR of 111%. The Pre-production capital costs will be 28.1 Million with a payback period of 11 months. Ramshaw also told Proactive the report also suggested several recommendations to advance the development of the Project.
Minera Alamos releases positive Preliminary Economic Assessment for Cerro de Oro Gold Project
