Esperenza - Cerro Jumil Gold

The Esperanza Gold Project (“Esperanza”) is a development stage asset located in south-central Mexico in the state of Morelos, approximately 110 kilometres ("km") south of Mexico City and 70km north of the multi-mine Guerrero Gold Belt. The project was acquired by Alamos as part of the acquisition of Esperanza Resources in August 2013. A positive preliminary economic study (“PEA”) was completed on the Esperanza Gold Project (formerly “Cerro Jumil”) in September 2011 which contemplated an open pit, heap leach operation expected to produce over 100,000 ounces of gold annually at cash operating costs1 below $500/oz over an initial 6 year mine life. The Company is working on compiling the requirements for the submission of the project's Environmental Impact Assessment. Through its Mulatos Mine, Alamos has extensive permitting, development and operating experience in Mexico along with an excellent environmental and social track record. The company looks forward to continuing this success at Esperanza.

Source: https://www.alamosgold.com/mines-and-projects/development-projects/esperanza-mexico/default.aspx page : Esperenza