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ESPZF vs. ETF Alternatives
Jul. 12, 2013, 11:27 AMAlamos Gold (AGI -3.3%) agrees to acquire Esperanza Resources (ESPZF.PK) in a deal worth ~$69M. Esperanza's gold project in Mexico holds 1.5M oz. of gold, and is expected to produce more than 100K oz./year at cash costs below $900/oz. upon completion. CEO John McCluskey says the deal has the potential to grow AGI's Mexican production by more than 50%. | Jul. 12, 2013, 11:27 AM | 3 Comments
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