Impact: Positive
Minera Alamos has received technical approval for the change of land use permit by the Secretaria de Medio Ambiente y Recursos Naturales (SEMARNAT), which should pave the way for full approval in Q3/19. This in turn would allow construction to start shortly thereafter once funding is in place (expected in Q4/19). Minera Alamos’ combination of quick to production, low-capex projects in Mexico, together with a management team that has done it before, has the company well positioned to be the next production growth story that should rerate as management achieve respective growth milestones.
