Minera Alamos (TSE:MAI) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Minera Alamos Inc. updates on progress in developing its copper assets, Los Verdes and Potreritos, inherited from Virgin Metals. With metal prices strengthening, the company sees an opportunity to establish a copper production hub in Sonora, leveraging past extensive testwork and engineering to potentially reduce CAPEX. Although there’s no immediate plan to update the economic assessment, preliminary figures suggest significant pre-tax net cash flow and a robust internal rate of return.
For further insights into TSE:MAI stock, check out TipRanks’ Stock Analysis page.