Welcome to our dedicated page for Minera Alamos news (Ticker: MAIFF), a resource for investors and traders seeking the latest updates and insights on Minera Alamos stock.
Minera Alamos Inc. (MAIFF) operates as a growth-focused gold producer and copper explorer with strategic assets across North America. This news hub provides investors with essential updates on operational developments, financial milestones, and strategic initiatives driving the company's low-capex mining model.
Access timely reports on production ramp-ups at the Santana gold mine, copper exploration progress at the Copperstone project, and technical advancements in heap-leach processing methods. Our curated collection includes earnings announcements, merger/acquisition details, and operational updates directly from corporate sources.
Key coverage areas include gold production metrics from active mines, expansion of copper assets through strategic partnerships, infrastructure developments supporting operational efficiency, and financial performance updates. Regular updates ensure stakeholders stay informed about critical developments affecting MAIFF's market position.
Bookmark this page for centralized access to verified Minera Alamos disclosures. Combine these primary sources with broader market analysis to inform your understanding of the company's progress in developing cost-efficient mining operations across its diversified portfolio.
Minera Alamos (TSXV: MAI) has received TSX Venture Exchange approval for its Omnibus Incentive Plan, which was ratified by shareholders on February 28, 2025. The plan is designed to attract and retain qualified personnel by aligning their interests with shareholders' goals.
The Omnibus Incentive Plan is a 10% rolling plan of issued and outstanding common shares, allowing the Board to grant stock options, restricted share units, and deferred share units. Currently, there are 27,746,775 incentive stock options outstanding, representing 4.8% of the company's issued shares.
Additionally, the company has issued 3,388,364 common shares to settle $951,000 in debt owed to arms-length creditors formerly engaged by Sabre Gold Mines Corp. The shares were issued at deemed prices of $0.28 and $0.345 per share, subject to a four-month hold period.
Minera Alamos Inc. (TSXV: MAI) has reissued a Preliminary Economic Assessment (PEA) for its 100% owned Copperstone Mine in Arizona. The study projects an average production of 40,765 payable oz gold per year over a 6-year mine life, with a base case assuming $1,800 per gold oz.
Key financial highlights include:
- Initial capital cost of $36.3 million with a 1.7-year payback period
- Processing capacity of 544 tonnes per day
- After-tax cumulative undiscounted cash flow of $92 million
- Low initial capital intensity of $158 per payable gold ounce
The project benefits from existing infrastructure including tailings facilities, surface buildings, and underground development. The mining method will be mechanized cut and fill using cemented rock fill. The project is fully licensed and permitted, with minor modifications required for optimized processing flow sheet.
Minera Alamos (TSXV: MAI) held its Annual & Special General Meeting on February 28th, 2025, in Toronto, with shareholders showing strong support for all proposed items. 42.07% of total shares participated in the voting, representing 210,743,111 common shares.
Shareholders approved the re-election of all five board nominees: Darren Koningen, Doug Ramshaw, Bruce Durham, Ruben Padilla, and Kevin Small. Additionally, they ratified McGovern Hurley LLP as the Company's auditors and approved the adoption of the Omnibus Incentive Plan.
Minera Alamos (TSXV: MAI) has completed its acquisition of Sabre Gold Mines and its flagship Copperstone gold project. The transaction creates a diversified North American gold producer with potential for 150,000 oz of annual gold production. The Copperstone mine, which previously produced 514,000 oz of gold from 1987-1993, is at advanced permitting stage for near-term restart.
Under the transaction terms, each Sabre share was exchanged for 0.693 Minera Alamos shares, resulting in 76,499,114 new shares being issued. Post-transaction, existing Minera Alamos shareholders own approximately 86% of the company, while former Sabre shareholders own 14%. Prior to closing, approximately CAD$9.5 million in debt was settled through the issuance of Sabre shares.
The company has added key personnel, including Louell Uy for mine planning and Garth Wilcox for engineering support at Copperstone. Plans are underway to relocate processing plant equipment from Val d'Or, Quebec to the Copperstone site.
Minera Alamos (TSXV: MAI) has received conditional approval from the TSX Venture Exchange to settle a US$400,000 payment to Auramet through the issuance of 1,901,648 common shares at C$0.2949 per share. This payment extends certain loan agreement conditions' deadline from November 29th, 2024 to May 29th, 2025.
The extension comes amid improving permitting sentiment in Mexico, with several companies expecting permits or amendments in H1 2025. The company views this extension as providing financial flexibility while working toward completing the permit process for their planned Cerro de Oro gold mine.
Minera Alamos reported its Q3 2024 operations update, marking the first full quarter of production from the Nicho Main Deposit. The company stacked 3,800 ounces of mined gold on the leach pad, surpassing 2023's total. Mining rates approached 7,000 tpd in October, with average grades of 0.60 g/t. The company plans a Phase 2 leach pad expansion increasing capacity by 40%. Additionally, Minera Alamos announced the acquisition of Sabre Gold Mines and its Copperstone gold mine, alongside an C$8.5 million bought deal private placement. The company reported recoverable gold inventory of 8,199 ounces on the leach pad as of September 30, 2024.
Minera Alamos provides updates on its recent acquisition of Sabre Gold and its operations. The Sabre shareholder meeting is set for January 14th, 2025. At Copperstone, developments include the repurchase of a 1.5% NSR and preparation of updated process models. The Santana operations achieved 3,800 ounces of gold production in Q3-2024, with average grades of 0.6 g/t and a strip ratio of 1.84:1. The company is preparing for Phase 2 leach pad expansion, which will increase leaching area by 40%. At Cerro de Oro, engineering work continues while awaiting final permits.
Minera Alamos (TSXV: MAI) announced the acquisition of Sabre Gold Mines through a definitive agreement signed on October 27th, 2024. The transaction will create a diversified North American gold producer, adding the Copperstone Mine in Arizona to Minera's portfolio. Copperstone, which previously produced 514,000 oz of gold from 1987 to 1993, is expected to contribute approximately 150,000 oz of annual gold production. The deal includes elimination of $9.4M in Sabre debt at a 15% discount. The transaction values Sabre at approximately US$43/oz based on resources and will result in Minera shareholders owning 86% of the combined company.
Minera Alamos Inc. (TSXV: MAIFF) provided an operations update and Q2 2024 financial highlights for its Santana gold mine. Key points include:
1. Mining and stacking rates are approaching 2022 levels after implementing a new operating plan in June.
2. Gold shipments resumed in Q3, with forecasts projecting a return to net corporate cash generation in Q4 2024.
3. Approximately 3,400 oz of gold were placed on the Santana leach pad since June.
4. The company completed the acquisition of the Cerro de Oro gold project for a total cost of USD$4,638,635 or USD$5.87 per ounce of contained gold.
5. Q2 revenues totaled $1,499,444 with a mine operations income of $169,633.
6. Cash and cash equivalents stood at $8,608,289 as of June 30, 2024.
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