Alamos Gold has received final approval of the Environmental Impact Assessment (EIA) for phase I of its La Yaqui project from SEMARNAT, Mexico’s Federal environmental agency.
“This marks another important milestone in the development of the La Yaqui project,” said John A. McCluskey, president and CEO, Alamos Gold. “With ongoing exploration success, La Yaqui is growing into one of the most important deposits within the Mulatos district. Combined with its higher grades and recoveries, we expect La Yaqui will be a significant source of low cost production at Mulatos for many years to come.”
Construction activities for the phase I development of the La Yaqui mineral reserve are expected to commence later this year with initial production on track for mid-2017.