TORONTO - Alamos Gold Inc. (TSX:AGI) said Monday that the environmental assessment of its Kirazli project in Turkey is in the final stage of the approval process, with major aspects of the review having been successfully completed.
"While certain signatures remain outstanding, by all indications the technical and other substantive aspects of our EIA have been approved and therefore we fully expect to receive formal approval in due course," Alamos chief executive John McCluskey said in a statement.
Alamos also said Monday that it expects to submit its environmental impact assessment report on its Agi Dagi project in Turkey soon.
"Once EIA positive decision certificates are obtained, we anticipate that it will take approximately 18 months to complete permitting and construction for each mine. We continue to advance toward these goals, with front-end engineering design expected to be finished in May 2013," McCluskey said.
Last month, Alamos dropped a hostile takeover offer for Aurizon Mines Ltd., due in part to a $27.2-million break fee that would have be payable to Hecla Mining, which emerged with a white knight offer for Aurizon.
In addition to the projects in Turkey, Alamos owns and operates the Mulatos mine in Mexico.
© Copyright 2013