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.
26:07
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Quick takeaways
- The strategic acquisition of Sabre Gold by Minera Alamos enhances their operational capability and allows expansion into Arizona's Copperstone project.
- The Copperstone project is projected to deliver strong economic returns, with an after-tax NPV of nearly $90 million and a payback period of 1.3 years.
Deep dives
Strategic Acquisition Overview
The acquisition of Sabre Gold by Monero Alamos marks a significant strategic move that aligns with the company’s ethos of diversification and enhanced operational capability. This deal not only allows for expansion beyond Mexico into Arizona but also incorporates an underground mining component, showcasing the technical expertise within the company. The Copperstone project, acquired through this deal, has long been on the radar of the executives due to its potential that has previously been hindered by unfavorable market conditions. This acquisition is seen as transformational, possibly enabling Monero Alamos to de-risk its portfolio while complementing its existing operations.
