Minera Alamos releases positive Preliminary Economic Assessment for Cerro de Oro Gold Project

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. #proactiveinvestors #mineraalmosinc #mai #mining #gold #tsxv