Amarillo Gold Corporation ends 1Q with C$40.7M in cash to advance Posse gold project towards production
Posse is a shovel-ready gold project that Amarillo expects to build within two years of breaking ground The project is anticipated to produce 102,000 gold ounces per year in its first four years, with an average annual gold production of 84,000 ounces Amarillo Gold Corporation (CVE:AGC) (OTCQB:AGCBF) (FRA:72A) ended its first quarter of 2021 with a healthy cash balance of C$40.7 million to help develop its Posse gold project in Brazil. Posse is a shovel-ready gold project that Ama...
Source: proactiveinvestors.com