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Cerro de Oro gold project, Mexico

Location map of the Cerro de Oro project, in Mexico

Photo by Minera Alamos

25th November 2022

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Cerro de Oro gold project.

Location
Zacatecas, Mexico.

Project Owner/s
Minera Alamos.

Project Description
A preliminary economic assessment (PEA) has proven positive.

The PEA envisages an operation processing 7.3-million tonnes a year, producing 58 500 oz/y of gold over an 8.2-year life-of-mine (LoM). Total gold recovered over the LoM is estimated at 476 610 oz. The project is planned as a conventional openpit operation. Mining activities will be undertaken by a contractor

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at a 5% discount rate, of $150.5-million and an internal rate of return of 111%, with a payback of 11 months.

Capital Expenditure
Preproduction capital is estimated at $28.08-million.

Planned Start/End Date
Not stated.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Minera Alamos, tel +1 416 306 0990 or email info@mineraalamos.com.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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