Issue link: http://resourceworld.uberflip.com/i/734523
14 www.resourceworld.com o c t o b e r / n o v e m b e r 2 0 1 6 ALAMOS GOLd INC. Alamos Gold Inc. [AGI-TSX; AGI-NYSE], a Canadian-based gold producer, has three operating mines: the Young-Davidson Mine in northern Ontario, Canada, and the Mulatos and El Chanate mines in Sonora, Mexico. The second quarter of 2016 marked a significant turning point for Alamos, with all three operations generating positive free cash flow. The company states that it "is well positioned to achieve full year production and cost guidance of between 370,000 and 400,000 ounces of gold at AISC of $975/oz." Both the Mulatos and El Chanate mines are 100%-owned, open-pit, heap-leach operations. This year's drilling at La Yaqui deposit in the Mulatos District of Mexico increased mineral resources by 93%, or 215,000 ounces, and now total 447,000 ounces (149,000 oz indicated and 298,000 oz inferred). La Yaqui now contains combined min- eral reserves and resources of 536,000 ounces transforming La Yaqui from a sat- ellite project to one of the most important deposits in the Mulatos District. A total of eight rigs are currently drill- ing with an additional 10,000 metres planned by year end. Alamos has explora- tion and development projects in Mexico, Turkey, Canada and the US. ALMAdEN MINERALS LTd. Almaden Minerals Ltd.'s [AMM-TSX; AAU-NYSE MKT] 100%-owned Tuligtic Project in Puebla State, Mexico covers the Ixtaca gold-silver deposit and hosts an NI 43-101 compliant measured and indi- cated resource of approximately 93 million tonnes grading 0.55 g/t gold and 32 g/t silver, for a total of 1.65 million ounces of gold and 96.7 million ounces of silver. The company recently reported drilling outside of the amended PEA pit intersected high-grade mineralization including 5.50 metres of 5.06 g/t gold and 219.6 g/t silver. Almaden Minerals said, "these results confirm the presence of a shallow dipping zone of veining adjacent and outside of the January 2016 Amended PEA pit. In addi- tion, hole TU-16-465 intersected what is likely a new zone of high-grade veining immediately beneath the Amended PEA pit, while TU-16-463 intersected two new veins located roughly 100 metres north of the previously known vein system." There is a positive Preliminary Economic Assessment (PEA) on the Ixtaca deposit with approximately 97% of the mineral resources incorporated into the updated PEA mine plan in the measured and indicated categories Preproduction engineering studies are underway to provide data for a production permit application. AvINO SILvER & GOLd MINES LTd. Avino Silver & Gold Mines Ltd. [ASM- TSXV; NYSE MKT; GV6-FSE] operates the Avino Mine located in the Durango region of north-central Mexico in the Sierra Madre Silver Belt and the San Gonzalo Mine located approximately 2 km from the original Avino Mine. In Q2 this year the company declared commercial production at the Avino Mine and generated revenues of $11.9 mil- lion from the sale concentrates, a 102% increase from the second quarter of 2015. Mine operating income amounted to $3.2 million, a 36% increase compared to the second quarter of 2015 The two mines feed a conventional flotation mill that has three separate circuits and a capacity of 1,500 tonnes per day. Avino produced 629,780 silver equiv- alent ounces in Q2 2016 compared to Q2 2015 production of 819,300 silver equiva- lent ounces. The Avino Mine produced 341,521 AgEquiv ounces in Q2 while San Gonzalos produced 288,259 AgEquiv ounces. Repairs to the ball mill contributed to lower production numbers but with the repairs complete the company is confident that it can maintain smooth and consistent operations with the transition to commer- cial production at the Avino Mine now complete. mExiCO