Highlights from AGI's presentation at recent Denver Gold Forum, if you sat in the audiance you heard:
Alamos Gold (AGI : TSX)
• Alamos reiterated its dividend payout policy based on cash flow growth.
• Expects to produce at 200,000 oz per year levels by mining the high grade Escondida zone at Mulatos. The low grade halo material is still being mined and heap leached as high grade core is reached and processed in the mill.
• 2012 guidance: Low end of 200,000 to 220,000 oz Au at cash operating costs of $365-390/oz (exclusive of royalty).
• Alamos is focusing exploration at Mulatos on San Carlos, another high grade area, where it expects to potentially double high-grade mill feed for the gravity mill. Current in pit reserves are 649,000 tonnes at 7.67 g/t Au; exploration is focused on increasing tonnage along strike.
• In Turkey, the company will submit EIA documents for permitting near year-end, and expects a response from the government in 1H/13 (a 60 day turnover period). Alamos expects to begin gold production by Q4/14 at Kirazli.
• A significant portion of Inferred resources are expected to be upgraded at Kirazli and Agi Dagi, which were treated as waste in the PFS.
• Further upside is expected from Camyurt, which was not included in the PFS, and where the company expects increasing drill density to pick up higher grade material, potentially increasing overall grade to 1.0 g/t Au from 0.80 g/t Au.
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Also on my radar is Abcourt Mines Inc. (TSX-V: ABI) (Pink Sheets: ABMBF) (Frankfurt: AML) which is has 2 near-term production scenarios with reopening of the historic Elder gold mine in Quebec as a priority; From 1944 to 1964 the Elder Gold Mine produced 350,000 ounces of gold. See related insight/synopsis of the investment op here http://miningmarketwatch.net/abi.htm -- in short; dewatering is nearing completion, infrastructure is being upgraded, equipment has been purchased, and a Preliminary Economic Assessment is expected by the end of this September. Currently trading under CDN$0.12 cents per share ABI.V has a market cap under $21M CAD, is capitalized to meet near-term obligations, has no long-term debt, and possesses resources of significance (~20 million ounces silver, ~610 million lbs zinc, ~405,000 oz gold) with large growth potential that appear to position it as grossly undervalued.