Alamos Gold gets green light for Kirazli project in TurkeyStaff Writer | January 6, 2017
Alamos Gold of Canada has received the Forestry Permits required for the development of its Kirazli gold project from the Forestry General Directorate in Turkey.
Explorer The Forestry General Directorate in Turkey
With the Environmental Impact Study and Forestry Permits for Kirazli approved by the federal government, the Company is pursuing the GSM (Business Opening and Operation) permit which is granted by the Çanakkale Governorship.
Feasibility studies to update the economics for both Kirazli and Aği Daği, as outlined in the positive 2012 pre-feasibility study, are nearing completion.
A preliminary economic assessment is also being conducted on the higher grade Çamyurt project.
A number of significant changes including weakness in the Turkish Lira and lower diesel prices since 2012 are expected to positively impact what were already attractive project economics. ■