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Almaden gets Ixtaca capex boost

Toronto-listed Almaden Minerals has shaved a significant amount off the initial capital cost at its Ixtaca gold-silver project in Mexico through an option agreement to acquire a processing facility in Alaska.

Almaden gets Ixtaca capex boost Almaden gets Ixtaca capex boost Almaden gets Ixtaca capex boost Almaden gets Ixtaca capex boost Almaden gets Ixtaca capex boost

Almaden plans to mine high-grade ore at Ixtaca for the first 11 years of operation

For US$6.5 million, plus a small chunk of Almaden shares, the company could get its hands on a 7,000 tonne per day mill, which has been on care and maintenance for the past seven years.