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Alamos Gold Announces Positive Feasibility Study for the Lynn Lake Project
Dec. 14, 2017 09:06AM PST
Precious MetalsAlamos Gold Inc. (TSX:AGI) (NYSE:AGI) (“Alamos” or the “Company”) today reported results from the positive feasibility study conducted on its Lynn Lake Gold Project (“Lynn Lake”), located in Manitoba, Canada. All amounts are in United States dollars, unless otherwise stated. As quoted in the press release: “We acquired the Lynn Lake project in 2016 for $20 million …
Alamos Gold Inc. (TSX:AGI) (NYSE:AGI) (“Alamos” or the “Company”) today reported results from the positive feasibility study conducted on its Lynn Lake Gold Project (“Lynn Lake”), located in Manitoba, Canada. All amounts are in United States dollars, unless otherwise stated.
As quoted in the press release:
“We acquired the Lynn Lake project in 2016 for $20 million and with the completion of the feasibility study, have outlined solid base case economics for the project with an after-tax net present value over $120 million. As we advance the project through permitting over the next two years, we see excellent potential to further enhance its overall economics through a number of avenues, including incorporating recent exploration success. We expect stronger economics prior to making a construction decision. With its location in one of the best mining jurisdictions in the world, Lynn Lake is an important piece of our longer term growth strategy,” said John A. McCluskey, President and Chief Executive Officer.
