{"id":1198606,"date":"2020-07-29T05:48:00","date_gmt":"2020-07-29T10:48:00","guid":{"rendered":"https:\/\/www.mining.com\/?p=1031139"},"modified":"2020-07-29T05:48:00","modified_gmt":"2020-07-29T10:48:00","slug":"alamos-gold-to-build-new-mine-in-mexico","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1198606","title":{"rendered":"Alamos Gold to build new mine in Mexico"},"content":{"rendered":"

Canadian miner Alamos Gold (TSX: AGI) has decided to go ahead with plans to build La Yaqui Grande gold mine<\/a> in Mexico, following results from a positive internal economic study.<\/p>\n

The announcement comes on the heels of the company\u2019s recent decision to begin\u00a0phase three expansion at the Island Gold mine<\/a>\u00a0in Ontario, Canada, which is expected to boost Alamos\u2019 output by 72%.\u00a0<\/p>\n

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Initial production at La Yaqui Grande is slated for the second half of 2022.<\/p>\n<\/blockquote>\n<\/figure>\n

Initial production at La Yaqui Grande, located only 7km from the miner\u2019s existing Mulatos operation, is slated for the second half of 2022.<\/p>\n

The study estimates an initial investment of $137 million. At a $1,750 per ounce gold price, Alamos said Mulatos was expected to self-finance La Yaqui Grande’s development.<\/p>\n

Average annual gold production at the five-year mine is expected to be 123,000 ounces, with all-in sustaining costs of $578 per ounce.<\/p>\n

Low-cost, high-return<\/strong><\/h2>\n

Alamos Gold president and chief executive, John McCluskey, said La Yaqui Grande represents the company\u2019s next low-cost, high-return project in Sonora\u2019s Mulatos district.<\/p>\n

The project is adjacent to the past-producing La Yaqui Phase I operation. Just at the mine, the new one will be developed over the next 24 months with an independent heap leach pad and crushing circuit.<\/p>\n

La Yaqui Grande received all necessary permits, including the final environmental impact assessment and a change of land use authorization last year.<\/p>\n","protected":false},"excerpt":{"rendered":"

La Yaqui Grande, in the state of Sonora, is expected to produce 123,000 ounces of gold a year over a five-year mine life.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[949,369],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1198606"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1198606"}],"version-history":[{"count":3,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1198606\/revisions"}],"predecessor-version":[{"id":1198681,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1198606\/revisions\/1198681"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1198606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1198606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1198606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}