Minera Alamos Reissues PEA for Copperstone Mine with Positive Economic Outlook

The latest update is out from Minera Alamos ( (TSE:MAI) ).

Minera Alamos has reissued the Preliminary Economic Assessment (PEA) for its Copperstone Mine in Arizona, highlighting robust post-tax economics due to existing infrastructure and reduced royalty burdens. The PEA outlines a high-grade underground gold mining operation with an average annual production of 40,765 ounces over a 5.6-year mine life, benefiting from a significant tax asset and potential for resource expansion. The assessment, prepared by Hard Rock Consulting, reflects changes in royalty structures and includes a sensitivity analysis for gold prices, positioning the project favorably in light of recent gold price movements.

More about Minera Alamos

Minera Alamos Inc. operates in the mining industry, focusing primarily on gold mining projects. The company is involved in the development and construction of high-grade gold mining operations, with a market focus on leveraging existing infrastructure to minimize capital costs.

YTD Price Performance: 32.69%

Average Trading Volume: 223,040

Technical Sentiment Consensus Rating: Hold

Current Market Cap: C$199.2M

See more data about MAI stock on TipRanks’ Stock Analysis page.