Alamos Gold Inc AGI:NYSE

Last Price$8.40NYSE Previous Close - Last Trade as of 7:00PM ET 10/23/20
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Alamos Gold To Proceed With La Yaqui Grande Project's Construction

8:06AM ET 7/29/2020 MT Newswires
Alamos Gold (AGI) said Wednesday that it will proceed with the construction of its La Yaqui Grande project in Sonora, Mexico given the project's "strong economics," including a mine-site all-in sustaining cost of $578 per ounce and projected annual gold output of 123,000 ounces per year starting in Q3 2022.

The project is expected to have a five-year mine life, extending the company's production from the Mulatos district to 2027 based on current mineral reserves, the company said. Alamos Gold also estimated initial capital outlay of $137 million for La Yaqui Grande, to be spent over two years starting from the second half of the year, when project construction is slated to begin.

Price: 11.59, Change: +0.12, Percent Change: +1.05