Reported Earlier, Alamos Gold Unveils High-Return Development Plan For Puerto Del Aire With 46% After-Tax IRR And Exploration Upside
Portfolio Pulse from Benzinga Newsdesk
Alamos Gold has announced a high-return development plan for the Puerto Del Aire (PDA) project, with a 46% after-tax IRR and significant exploration upside. The project aims to produce an average of 127,000 ounces of gold annually over the first four years, with low costs and a mine life extended to 2035. The project is expected to be internally funded and has a low execution risk due to its location within existing operations.
September 05, 2024 | 7:27 am
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Alamos Gold's PDA project promises a 46% after-tax IRR with significant exploration upside, extending the mine life to 2035. The project is expected to be internally funded, with low costs and execution risk.
The PDA project is a significant development for Alamos Gold, offering high returns and extending the mine life significantly. The low cost and execution risk, along with the potential for exploration upside, make it a positive development for the company's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100