Ixtaca gold/silver project, Mexico
Name of the Project
Ixtaca gold/silver project.
Location
The project is located in Puebla State, Mexico.
Client
Almaden Minerals.
Project Description
Ixtaca has a proven and probable mineral reserve of 1.39-million ounces of gold and 85.2-million ounces of silver and is planned as a conventional openpit mining operation using contractor mining.
Initial production will ramp up to a mill feed rate of 7 650 t/d, followed by an expansion to 15 300 t/d from Year 5, the average production of 108 500 oz/y gold and 7.06 million ounces a year of silver is forecast over the first six years, and an average of 90 800 oz over its 11-year life.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 5% discount rate, of $470-million and an internal rate of return of 57%.
Value
The project is estimated at $174-million.
Duration
Not stated.
Latest Developments
Almaden expects to submit its environmental permit application to Mexican authorities in due course.
Key Contracts and Suppliers
Moose Mountain Technical Services (mining, metallurgy, processing, infrastructure and economic evaluations); APEX Geoscience (exploration and drill data); Giroux Consultants (resources estimation); and
SRK Consulting (aspects related to geotechnical, tailings and water management).
On Budget and on Time?
Not stated.
Contact Details for Project Information
Almaden Minerals, tel +1 604 689 7644 or email info@almadenminerals.com.
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