Santana (Au)

Royalty and terms: 3-5% net smelter return (NSR)
Operator:  Minera Alamos
Visit Minera Alamos for more info
Primary Commodity: Gold
Location: Sonora State, Mexico
Status: Development


Santana is a simple heap leach gold project with a low capital requirement that could potentially be put into production in a short timeframe of approximately 8 months.  Once in production, Santana could provide Osisko with 1,000 to 2,000 GEOs per year.  Minera Alamos has begun construction of the Santana project.

Source: Company disclosure and Osisko management estimates.