Mining Stock Daily Doug Ramshaw on Minera Alamos Acquisition of Sabre Gold and the Copperstone Project
Oct 28, 2024
Doug Ramshaw, President of Minera Alamos, brings a wealth of mining expertise to the table. He discusses the strategic acquisition of Sabre Gold and the transformative potential of the Copperstone project in Arizona. Ramshaw outlines the project’s strong economic viability and the high-grade resources that promise significant growth. He also highlights the complementary role of the Santana operation in financing future endeavors and shares insights on the optimistic shifts in Mexico's mining landscape, setting the stage for exciting developments ahead.
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Strategic Fit And Diversification
- Minera Alamos saw Copperstone as a long-standing target that fits their low-capital, complementary strategy outside Mexico.
- The acquisition leverages existing underground expertise and diversifies jurisdictional risk for shareholders.
High Returns With Exploration Upside
- The 2023 PEA shows very high project economics with quick payback at higher gold prices and a six-year base mine life.
- Doug emphasizes that exploration upside exists but should be funded from operating cash flow to extend mine life.
Amend Permits And Reuse Mill Assets
- Amend the existing permits to add cyanide leach and heap-leach style processing to optimize recovery and economics.
- Reuse available mill infrastructure from Monera's inventory to reduce initial CapEx where practical.