Project Updates
Mulatos mine
Credit: Alamos Gold
Location: Sonora, Mexico
Project type: Open-pit and underground
Owner: Alamos Gold
Reserves: 16.9Mt
Alamos Gold’s Mulatos gold mine in Sonora, Mexico started commercial production in April 2006 and two main pits, Mulatos and La Yaqui Grande, are currently in operation. A new higher-grade underground deposit, Puerto Del Aire, is slated for development starting in 2024.
Goschen project
Credit: Karel Gallas/Shutterstock.com
Location: North-West Victoria, Australia
Project type: Open-pit
Reserves: 98.8 million tonnes
Mine life: 20 years
VHM is developing the Goschen rare earths project in North-West Victoria. Operations for Phase 1 are scheduled to begin in the first half of 2025, with an estimated investment of $249.9m and Phase 1A is expected to commence in the second half of 2025, with an additional investment of $82.4m.
Kone project
Credit: Montage Gold
Location: Cote d'Ivoire
Project type: Open pit
Reserves: 174.3 million tonnes
Life of mine: 16 years
Canada’s Montage Gold is developing the Kone mine in Cote d’Ivoire - the largest and most advanced standalone gold project in the region. Approvals are expected to be obtained by the third quarter of 2024 and the mine is expected to produce an average of 223,000 ounces of gold annually.
