JOHANNESBURG (miningweekly.com) – TSX- and NYSE-listed Alamos Gold has received final approval of the environmental-impact assessment (EIA) for Phase I of its Mexico-based La Yaqui project from Mexico's federal environmental agency Semarnat.
"This marks another important milestone in the development of the La Yaqui project. With ongoing exploration success, La Yaqui is growing into one of the most important deposits within the Mulatos district,” said CEO John McCluskey.
He added that, combined with its higher grades and recoveries, La Yaqui was expected to be a significant source of low-cost production at Mulatos for several years to come.
Construction activities for the Phase I development of the La Yaqui mineral reserve are expected to commence later this year with initial production on track for mid-2017.
Edited by: Samantha Herbst
Creamer Media Deputy Editor
EMAIL THIS ARTICLE SAVE THIS ARTICLE
To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
