(Kitco News) - Minera Alamos will see a big step up in production over the next handful of years, said Doug Ramshaw, the company's director and president.
On Tuesday Ramshaw spoke to Kitco Mining.
Minera Alamos (TSX.V: MAI) is a Mexican-focused gold miner. The company's expertise is in heap leach operations. Its Santana operation will produce 20,000 ounces this year. The company's two other projects, Cerro De Oro and La Fortuna, are scheduled to start production over the next few years. The company expects to be producing 140,000 ounces annually by 2027.
Ramshaw said Minera Alamos is built to operate in a low-cost environment.
"Build mines that can work in whatever gold price environment is thrown at you," said Ramshaw.
Ramshaw was surprised by gold's move. He expected gold to go up in 2024, but towards the end of the year. The metal has already hit several all-time highs.
"I think there's still probably upside on gold," said Ramshaw. "If you're building mines that can't make money at these prices, then you're probably building the wrong kinds of mines."
Ramshaw has 25 years as a mineral analyst and mining executive. He was a former director of Great Bear Resource, which was acquired for $1.8 billion.
Ramshaw said that Mexico is a very prospective country to operate.
"We want to build many more mines in Mexico."
[CORRECTION: Figure was changed from 2,000 to 20,000 in the line "Santana operation will produce 20,000 ounces this year."]
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