Update: Almaden Minerals Revises Its Ixtaca PEA, Shows Superior Economics And Lower Start-Up Capex
- Almaden Minerals announced an updated PEA that shows that its Ixtaca Project can be more economical than initially thought.
- The company cut initial capex and production in the early stages in order to increase the project's IRR and overall appeal to potential JV partners.
- I had not anticipated this in my June article.
- This news is bullish and it makes Almaden an even more compelling stock for gold and silver bulls.