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Minera Alamos has arranged a US$25 million funding package for the development of its Cerro de Oro gold project in Zacatecas, Mexico, which is currently in permitting.
Minera Alamos's Cerro De Oro in Zacatecas, Mexico
The company signed a term sheet for a $15 million loan facility with a three-year term bearing interest at 1.25% per month on any drawn amount and $10 million for a 2.
The PEA includes an after-tax IRR of 111% and NPV5% of US$150.5 million
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