Loading ...Almaden Minerals (TSX: AMM) has hit a stumbling block in advancing its Ixtaca gold-silver deposit, one of Mexico’s premier precious metal discoveries, towards production.
On Monday, the company received notification from the Mexican federal permitting authority (SEMARNAT) that the project’s initial environmental permit application (MIA) has been denied. Almaden originally submitted the MIA in early 2019.
Reasons cited for not approving the MIA, in the company’s view, include insufficient information regarding the impacts of open pit mining on local environment