Almaden Minerals

Primary ticker: TSX:AMM, NYSE:AAU
Stage of development: Development
Primary minerals: Gold, Silver
Project to promote: Ixtaca

Live financials

Almaden owns 100% of the Ixtaca Gold-Silver Deposit, which was discovered by Almaden in 2010. The deposit currently hosts a proven and probable reserve of 73.1M tonnes grading 0.59 g/t gold and 36.3 g/t silver or 1.34 million ounces of gold and 85.1 million ounces of silver. In January 2019, Almaden filed a Feasibility Study (FS) on the deposit, which estimates an economically robust project generating an after-tax IRR of 42% using US$1275/oz Gold and US$17/oz Silver prices. The project would produce a total of 945,000 ounces of gold and 63.4 million ounces of silver over an 11 year life.

Management Profile

Morgan Poliquin – President and CEO

Geological Engineer with 25 years experience, PhD on Geology of Eastern Mexico. Discoveries include Ixtaca, Caballo Blanco and El Cobre Mexico.

Douglas McDonald – VP Corporate Development

Twenty years experience in the resources and foreign trade and resource policy arenas. Prior work as an investment banker and foreign service officer. B.Com and M.A.Sc. degree (Mineral Economics).

What is your rationale for attending 121 Mining Investment?

We are seeking to expand investor awareness of Ixtaca as we expect to be entering the project construction phase in 2020.

What recent news would you like to highlight to investors attending?

We expect to have permits in hand very soon to take the next step in project development – project financing and construction. We are looking to build investor awareness of Ixtaca, which once built will be a significant new gold and silver producer in Mexico.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Receipt of environmental permit for Ixtaca

6 Months:

Completion of project financing package, and hiring of additional key members of project construction/operating team

12 Months:

Well advanced in project construction, and ongoing exploration

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

(1) Permitting, (2) market (financing), and (3) engineering.

(1) We have submitted thorough environmental permits, and have had a very robust social engagement program for many years. We are also operating in a jurisdiction with very well established regulations regarding the mining industry.

(2) We are presenting to investors a standard, open pit and relatively low-capex, high return project.

(3) We are using standard mining methods and employing highly experienced mine builders and operators.

In a sentence, what do you think makes your company such a compelling investment?

We are at a very interesting point of the risk/reward profile: Nearing completion of permitting prior to financing and construction. According to our Feasibility Study, over the first 6 years of operation we will produce, on average, over 7 million ozs silver per year and 108,000 ozs gold per year.