Mining

Alamos Gold kicks off production at new Mexican mine

The figure has already been factored into second quarter consolidated production guidance of between 100,000 and 110,000 ounces of gold, Alamos said.

La Yaqui Grande was designed to extend production from the Mulatos open pit operation by five years to 2027 and is expected to deliver average gold production of 123,000 ounces per year.

“Given its higher grades and recoveries, La Yaqui Grande underpins a strong outlook for Mulatos with higher production and lower costs driving growing free cash flow in the second half of this year and beyond,” CEO John A McCluskey said in the statement.

Stacking rates at La Yaqui Grande are expected to ramp up through the second half of the year, driving production higher and costs lower at Mulatos, and company-wide, starting in the third quarter of 2022. 

La Yaqui Grande’s first bar of gold. (Image courtesy of Alamos Gold.)

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