Key facts
| Company | Almaden Minerals (TSXV: AMM) |
|---|---|
| Commodity | Gold |
| Location | Mexico |
| Stage | Feasibility |
About Ixtaca Project
One of Mexico’s Premier Precious Metal Discoveries
Mineral resource estimates
31 reported estimates, newest first. Categories are as disclosed by Almaden Minerals; inferred material carries the lowest confidence and cannot support a reserve.
| Category | Tonnes | Au g/t | Au oz | Ag g/t | Ag oz | Effective |
|---|---|---|---|---|---|---|
| MeasuredNI 43-101 | 30.4 Mt | 0.61 g/t | 599 koz | 39.4 g/t | 38.57 Moz | Aug 19, 2026 |
| IndicatedNI 43-101 | 62.3 Mt | 0.52 g/t | 1.04 Moz | 28.9 g/t | 57.88 Moz | Aug 19, 2026 |
| InferredNI 43-101 | 22.1 Mt | 0.50 g/t | 355 koz | 25.1 g/t | 17.90 Moz | Aug 19, 2026 |
| MeasuredNI 43-101 | 30.4 Mt | 0.61 g/t | 599 koz | 39.4 g/t | 38.57 Moz | Jan 15, 2026 |
| IndicatedNI 43-101 | 62.3 Mt | 0.52 g/t | 1.04 Moz | 28.9 g/t | 57.88 Moz | Jan 15, 2026 |
| InferredNI 43-101 | 22.1 Mt | 0.50 g/t | 355 koz | 25.1 g/t | 17.90 Moz | Jan 15, 2026 |
| Proven reserveNI 43-101 | 31.6 Mt | 0.70 g/t | 714 koz | 43.5 g/t | 44.27 Moz | Jul 8, 2018 |
| Probable reserveNI 43-101 | 41.4 Mt | 0.51 g/t | 673 koz | 30.7 g/t | 40.89 Moz | Jul 8, 2018 |
| MeasuredNI 43-101 | 43.4 Mt | 0.62 g/t | 862 koz | 36.3 g/t | 50.59 Moz | Jul 8, 2018 |
| Measured & indicatedNI 43-101 | 124.1 Mt | 0.50 g/t | 2.01 Moz | 27.4 g/t | 109.45 Moz | Jul 8, 2018 |
| IndicatedNI 43-101 | 80.8 Mt | 0.44 g/t | 1.15 Moz | 22.7 g/t | 58.87 Moz | Jul 8, 2018 |
| InferredNI 43-101 | 40.4 Mt | 0.32 g/t | 412 koz | 16.8 g/t | 21.87 Moz | Jul 8, 2018 |
| Proven reserveNI 43-101 | 28.4 Mt | 0.68 g/t | 623 koz | 45.0 g/t | 41.03 Moz | Jan 17, 2017 |
| Probable reserveNI 43-101 | 36.8 Mt | 0.57 g/t | 669 koz | 32.0 g/t | 37.79 Moz | Jan 17, 2017 |
| MeasuredNI 43-101 | 42.5 Mt | 0.57 g/t | 779 koz | 35.7 g/t | 48.78 Moz | Jan 17, 2017 |
| Measured & indicatedNI 43-101 | 125.8 Mt | 0.49 g/t | 1.97 Moz | 27.0 g/t | 109.20 Moz | Jan 17, 2017 |
| IndicatedNI 43-101 | 83.4 Mt | 0.45 g/t | 1.20 Moz | 22.5 g/t | 60.41 Moz | Jan 17, 2017 |
| InferredNI 43-101 | 47.0 Mt | 0.30 g/t | 457 koz | 19.1 g/t | 28.97 Moz | Jan 17, 2017 |
| MeasuredNI 43-101 | 30.4 Mt | 0.61 g/t | — | 39.4 g/t | — | Oct 9, 2014 |
| IndicatedNI 43-101 | 62.3 Mt | 0.52 g/t | 1.04 Moz | 28.9 g/t | 57.88 Moz | Oct 9, 2014 |
| InferredNI 43-101 | 22.1 Mt | 0.50 g/t | — | 25.1 g/t | — | Oct 9, 2014 |
| MeasuredNI 43-101 | 30.4 Mt | 0.61 g/t | 599 koz | 39.4 g/t | 38.60 Moz | May 13, 2014 |
| MeasuredNI 43-101 | 37.7 Mt | 0.50 g/t | — | 31.9 g/t | — | May 13, 2014 |
| IndicatedNI 43-101 | 62.6 Mt | 0.52 g/t | 1.05 Moz | 28.9 g/t | 58.14 Moz | May 13, 2014 |
| IndicatedNI 43-101 | 70.5 Mt | 0.41 g/t | — | 23.1 g/t | — | May 13, 2014 |
| InferredNI 43-101 | 22.7 Mt | 0.50 g/t | 362 koz | 25.0 g/t | 18.24 Moz | May 13, 2014 |
| MeasuredNI 43-101 | 30.4 Mt | 0.61 g/t | 599 koz | 39.4 g/t | 38.60 Moz | Jan 8, 2014 |
| IndicatedNI 43-101 | 62.6 Mt | 0.52 g/t | 1.05 Moz | 28.9 g/t | 58.14 Moz | Jan 8, 2014 |
| InferredNI 43-101 | 22.7 Mt | 0.50 g/t | 362 koz | 25.0 g/t | 18.24 Moz | Jan 8, 2014 |
| IndicatedNI 43-101 | 57.0 Mt | 0.52 g/t | 960 koz | 29.9 g/t | 54.80 Moz | Nov 14, 2012 |
| InferredNI 43-101 | 41.5 Mt | 0.56 g/t | 741 koz | 31.4 g/t | 41.94 Moz | Nov 14, 2012 |
How the categories differ: Inferred vs Indicated vs Measured. Compare reports over time with the Resource Growth Tracker.
Economic studies
Preliminary economic assessment
Jan 15, 2026- NPV (5%)
- US$166M
- IRR
- 30%
- Payback
- 2.6 years
- Initial capex
- US$100M
- AISC
- US$796/oz
- Mine life
- 13 years
- Gold price assumed
- US$1,150/oz
Preliminary economic assessment
Jan 15, 2026- NPV (5%)
- US$166M
- IRR
- 30%
- Payback
- 2.6 years
- Initial capex
- US$100M
- AISC
- US$796/oz
- Mine life
- 13 years
- Gold price assumed
- US$1,150/oz
Feasibility study
Oct 1, 2019- NPV (5%)
- US$310M
- IRR
- 42%
- Payback
- 1.9 years
- Initial capex
- US$174M
- AISC
- US$850/oz
- Annual production
- 90,800 oz
- Gold price assumed
- US$1,275/oz
Feasibility study
Jan 24, 2019- NPV (5%)
- US$310M
- IRR
- 42%
- Payback
- 1.9 years
- Initial capex
- US$174M
- AISC
- US$850/oz
- Annual production
- 90,800 oz
- Gold price assumed
- US$1,275/oz
Pre-feasibility study
May 17, 2017- NPV (5%)
- US$310M
- IRR
- 41%
- Payback
- 2.2 years
- Initial capex
- US$117M
- AISC
- US$862/oz
- Mine life
- 14 years
- Annual production
- 88,780 oz
- Gold price assumed
- US$1,250/oz
Pre-feasibility study
May 17, 2017- NPV (5%)
- US$310M
- IRR
- 41%
- Payback
- 2.2 years
- Initial capex
- US$117M
- AISC
- US$862/oz
- Mine life
- 14 years
- Annual production
- 88,780 oz
- Gold price assumed
- US$1,250/oz
Preliminary economic assessment
Nov 9, 2015- NPV (5%)
- US$515M
- IRR
- 28.3%
- Payback
- 2.5 years
- Initial capex
- US$399M
- AISC
- US$631/oz
- Mine life
- 12 years
- Gold price assumed
- US$1,320/oz
Preliminary economic assessment
Oct 9, 2014- NPV (5%)
- US$515M
- IRR
- 28.3%
- Payback
- 2.5 years
- Initial capex
- US$399M
- AISC
- US$631/oz
- Mine life
- 12 years
- Gold price assumed
- US$1,320/oz
Preliminary economic assessment
May 13, 2014- NPV (5%)
- US$437M
- IRR
- 22.2%
- Payback
- 4 years
- Initial capex
- US$496M
- Mine life
- 12.1 years
- Gold price assumed
- US$1,320/oz
Preliminary economic assessment
May 13, 2014- NPV (5%)
- US$437M
- IRR
- 22.2%
- Payback
- 4 years
- Initial capex
- US$496M
- Mine life
- 12.1 years
- Gold price assumed
- US$1,320/oz
Figures as extracted from each study, in US dollars as the studies report them. Open the report before relying on one.
Documents
- Ixtaca Gold-Silver Project Puebla State, Mexico - NI 43-101 Technical Report on the Feasibility StudyNI 43-101 technical report · Jan 24, 2019