Minera Alamos acquires third project in Mexico

MINING.COM | Canada’s Minera Alamos (TSX-V: MAI) is expanding its footprint in Mexico by acquiring the Cerro de Oro gold project in Zacatecas, its third asset in the country.


As part of the deal, the Toronto-based junior gains a 100% ownership of the new asset in exchange for share and cash payments scheduled over a four-year period, totalling 4 million MAI shares. Minera Alamos is also paying the vendor $2.9 million in cash.


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