Almaden Minerals Ltd
(AMEX: AAU)
-0.02
-1.23%
| Exchange: | AMEX |
| Stock: | Almaden Minerals Ltd. (USA) |
| Industry: | Gold |
| Employees: | NA |
| Almaden Minerals Ltd. (Almaden) is an exploration-stage company. Almaden is engaged in the business of the acquisition, exploration and when warranted, development of mineral properties. The Company has property interests in Canada, United States and Mexico. As of December 31, 2011, none of the Company's property interests are beyond exploration stage. The Company has two primary property interests: the Tuligtic prospect (100% interest) which includes the Ixtaca zone in Mexico, and the El Cobre copper-gold prospect (100% interest). The Company's non-principal interests include the ATW diamond prospect in Canada. In July 2011, the Company completed the sale of the Elk Gold Project to Gold Mountain Mining Corporation subject to a 2% net smelter return royalty (NSR). In October 2011, the Company completed the sale of its 30% interest in the Caballo Blanco project to Goldgroup Mining Inc. subject to a 1.5% NSR. |
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