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Mexican gold miner to invest in production capacities
Output to rise Mexican gold miner Alio Gold has unveiled plans to invest in expanding its production capacities in 2018.
"After a turn-around year in 2017, we are expecting the San Francisco Mine to return to consistent gold production at 90,000 to 100,000 ounces this year compared to 83,558 ounces in 2017," Greg McCunn, the company’s CEO, said in a statement. "In 2017 we undertook a significant waste stripping campaign to open up the main pit. As a result, we now have increased mining flexibility and the ability to deliver consistent ore feed to the leach pads."
Alio Gold’s principal assets include its operating San Francisco Mine in Sonora, Mexico, and the company’s development stage Ana Paula Project in Mexico’s Guerrero. In addition to these projects, Alio Gold says it also has a portfolio of other exploration properties, all of which are located in Mexico.