Almaden Minerals Ltd. (Almaden) is an exploration-stage company that is engaged directly in the exploration and development of exploration and evaluation properties in Canada, United States and Mexico. The Company is engaged in the business of acquisition, exploration and when warranted, development of mineral properties. It has two primary property interests, both in Mexico: the Tuligtic prospect (100% interest), which includes the Ixtaca zone and the El Cobre copper-gold prospect (100% interest). The Tuligtic property consists of two claims held 100% by Compania Minera Gorrion S.A. de C.V., a wholly owned subsidiary of Almaden Minerals Ltd. Almaden through its wholly owned Mexican subsidiary Minera Gavilan S.A. de C.V., owns a 100% interest in the El Cobre project subject to a 0.5% Net Smelter Return Royalty payable to a third party. As of December 31, 2013, the Company owned a 50% share interest in ATW Resources Ltd. and a 38.8% share interest in Gold Mountain Mining Corporation.