Mr. Doug Ramshaw reports
OTC MARKETS GROUP WELCOMES MINERA ALAMOS, INC. TO OTCQX
Minera Alamos Inc. has qualified to trade on the OTCQX Best Market. Minera Alamos upgraded to OTCQX from the OTCQB Venture Market.
Minera Alamos begins trading today on OTCQX under the symbol MAIFF. U.S. investors can find current financial disclosure and real-time Level 2 quotes for the company on the OTC website.
"We are delighted to have qualified to trade on the OTCQX Market, which is indicative of just how far Minera has come over the last two years," stated Doug Ramshaw, president. "As we transition from a gold development company to gold producer in early 2021 we believe the heightened visibility that comes with meeting the standards of the OTCQX will serve our company and shareholders well over the coming years."
About Minera Alamos Inc.
Minera Alamos is a gold development company poised to join the ranks of gold producers in 2021. The company has a portfolio of high-quality Mexican assets, including the 100-per-cent-owned Santana open-pit, heap-leach development project in Sonora that is currently under construction, and which is expected to have its first gold production in early 2021. The newly acquired 100-per-cent-owned Cerro de Oro oxide gold project in northern Zacatecas that has considerable past drilling and metallurgical work completed and could enter the permitting process rapidly. The La Fortuna open-pit gold project in Durango (100 per cent owned) has an extremely robust and positive preliminary economic assessment (PEA) completed and the company is nearing the end of the permitting process for the project. A construction decision on La Fortuna could be made in late 2020 or early 2021, highlighting the organic growth the existing project portfolio can provide to the overall production profile. Minera Alamos is built around its operating team that together brought three mines into production in Mexico over the last 12 years.
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