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Cover for Minera Alamos and Doug Ramshaw on the Start of Mining Activities at Santana

Minera Alamos and Doug Ramshaw on the Start of Mining Activities at Santana

April 15, 2024
Mining Stock Daily
By Mining Stock Daily
Mining Stock Daily

Minera Alamos President, Doug Ramshaw, provides a corporate update on their Santana operations, announcing the start of mining activities and the implementation of new sampling procedures.

The company aims to take advantage of existing pad capacity and generate meaningful gold production and cash flow. The plan is to load approximately 25,000 ounces of gold on the pad over the next 12 months, with expected recoveries of 17,000-18,000 ounces.

The company's business model focuses on producing gold that can benefit from the current gold price environment. The market reaction to the news was mixed, with some selling and frustration, but also some buying and understanding of the long-term potential.

Mining Stock Daily
Mining Stock Daily
Mining Stock Daily is a news-style briefing delivering the day's most important information out of the junior mining and mineral exploration sector. Content is published throughout the world on a dozen different platforms.
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