Almaden Minerals' CEO Morgan Poliquin Interviewed by The Gold Report

SAN FRANCISCO, CA--(Marketwired - January 15, 2016) -  With approximately $5.5 million in the bank, a 3.5-million-ounce gold equivalent Measured and Indicated resource, zero debt and a robust, updated preliminary economic assessment, Almaden Minerals Ltd. (TSX: AMM)(NYSE: AAU) CEO Morgan Poliquin says the company is in position to not only survive this tough market but to continue adding significant value at a deep discount. While other companies are trying to figure out how to keep the lights on, Almaden has been active. The company recently completed a spinout of a large portfolio of exploration projects and royalties-including a royalty on Ixtaca-into Almadex Minerals Inc. and purchased an option on a mint condition mill that reduced the initial capital cost estimate by some $70 million. In this interview with The Gold Report, the second-generation geologist points to the fact that 95% of the Tuligtic property, which hosts the Ixtaca Zone, remains unexplored and that the company can drill for about a third of what most operators pay. He says that the company's market cap is less than the savings from the purchase of the mill, as an indication that a potential buyout is a plausible scenario.

The Gold Report : Almaden Minerals Ltd. recently released an updated preliminary economic assessment for the Ixtaca gold-silver deposit in Mexico. One of the highlights was the purchase of the used Rock Creek mill at a severe discount. Why is that investment-and the way the investment was structured-important to the future of Almaden?

Morgan Poliquin: We are in a challenging mining environment. That is obvious. What is less obvious is the opportunity. We know that the end of the down cycle is going to come eventually. Our strategy is not only to survive these markets, but profit from them. That is why our first instinct was…

Continue reading this interview: Almaden: Succeeding in a Tough Resource Market with World-Class Management and Gold-Silver Discovery

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DISCLOSURE:

Almaden Minerals Ltd. is a banner sponsor of Streetwise Reports. Morgan Poliquin had final approval of the content of the interview and is wholly responsible for the validity of the statements. Opinions expressed are the opinions of Mr. Poliquin and not of The Gold Report or its officers. The interview does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility.