Alamos Gold (TSE:AGI) has released an update.
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Alamos Gold Inc. has announced a positive development plan for its high-grade Puerto Del Aire project in the Mulatos District, Mexico, with an impressive after-tax IRR of 46% and the potential to extend the mine life to 2035. The project, set to commence in 2025, promises to nearly triple the mine life of the area, boasting low initial capital costs funded by existing operations. With significant exploration upside, the company anticipates a substantial increase in gold production and enhanced project economics.
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