Ixtaca Gold-Silver Deposit

Overview | Drilling | Resource | PEA | Metallurgy | Mill | Reports


Almaden has produced three Preliminary Economic Assessments (“PEAs”) on the Ixtaca deposit since April, 2014.

These PEAs reflect our advancing engineering studies on the project, the changing metals price environmental, and the opportunities we have capitalized on in these depressed metals markets, such as the option agreement on the Rock Creek Mill.

In April 2016, Almaden filed an amended PEA on the Ixtaca deposit, a brief overview of which is posted below, along with links to the news release and report.

2015 Updated Preliminary Economic Assessment

On December 9, 2015, Almaden announced results of an updated PEA which reflected the significant capital cost savings resulting from the optioned Rock Creek Mill, as well as an alternate mine plan. Total initial capital is now US$100 million, a significant reduction from the $496 million initial capital assumed in our Maiden PEA of April, 2014.

The PEA Update incorporates:

Key highlights of the PEA Update include (using US$1,150/oz Au and US$16/oz Ag):

Our historic PEAs are available on SEDAR or can be view in Technical Reports +

It should be noted that this PEA is preliminary in nature as it includes inferred mineral resources which are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the PEA forecasts will be realized or that any of the resources will ever be upgraded to reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

Recent News

Our main offices are now located on Granville Island.
Please click here + for a map of our new location
April 3rd, 2017
Almaden Reports 41% After-Tax IRR From Pre-Feasibility Study, Updated Resource and Production Target of 2019 for the Ixtaca Precious Metals Project, Mexico

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