Mining Americas Reports Third Quarter 2026 Gold Production and Provides Notice of Third Quarter Results and Conference Call
Quarterly cash use included construction spending at Copperstone and increased waste stripping at Pan.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Mining Americas (MAIFF) reported preliminary third-quarter 2026 gold production of 7,915 ounces from its wholly owned Pan mine in Nevada. Sales totaled 7,620 ounces, bringing year-to-date production to 24,786 ounces. Quarterly production was in line with the 2026 mine plan.
Mining averaged approximately 59,000 tonnes per day, broadly consistent with the second quarter and approximately 31% above average 2025 rates. The company remains on track for unchanged full-year guidance of 32,000–38,000 ounces. Unaudited cash was $36 million at September 30, versus $43 million at June 30, after a $5.3 million Cerro de Oro land-use permit payment. Third-quarter financial and operating results are scheduled before market open on November 16, 2026, with a conference call at 11:00 AM Eastern Time.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointPreliminary Q3 production of 7,915 ounces met the mine plan; year-to-date production reached 24,786 ounces.
- Moderate pointApproximately 59,000 tonnes mined daily matched Q2 broadly and exceeded average 2025 rates by approximately 31%.
- Minor pointGold sales totaled 7,620 ounces during Q3 2026.
- Minor point. Forward-looking: it has not happened yet and may not happen.2026 guidance remains 32,000–38,000 ounces; the company says production remains on track.
- Minor point. Forward-looking: it has not happened yet and may not happen.Further productivity improvements remain a company focus at Pan.
Negative
- Moderate pointUnaudited cash declined to $36 million at September 30, 2026, from $43 million at June 30.
- Minor point$5.3 million payment in late September ratified Cerro de Oro's land-use change permit.
- Minor pointCopperstone construction spending contributed to quarterly cash use.
- Minor pointIncreased waste stripping at Pan contributed to quarterly cash use.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - October 13, 2026) - Mining Americas Inc. (TSX: MAI) (OTCQX: MAIFF) ("Mining Americas" or the "Company") is pleased to announce preliminary production results for the three months ended September 30, 2026 (the "third quarter 2026" or "Q3 2026") from the Company's
Mining Americas CEO, Darren Blasutti, commented, "Third quarter gold production of 7,915 ounces was on budget for our 2026 mine plan at the Pan mine, and represents 24,786 ounces of gold production year to date. The operation sustained an average mining rate of approximately 59,000 tonnes per day during the quarter, broadly consistent with the second quarter and approximately
As part of the new mine plan adopted in early 2026, and in combination with the new mining contractor, the operation sustained higher mining rates of 59,000 tonnes per day in Q3, similar to the second quarter and a
Production guidance for the full-year 2026 remains unchanged at between 32,000 and 38,000 ounces of gold.
The Company's unaudited cash balance was
The Company is scheduled to release its third quarter financial and operating results before market open on Monday, November 16, 2026. Management will host a conference call and webcast that morning at 11:00 AM Eastern Time to discuss the quarterly results and project activities, followed by a question-and-answer session.
Third Quarter Conference Call Details
Date: Monday, November 16, 2026
Time: 11:00 AM Eastern Time
North American callers please dial: +1-800-715-9871
International callers please dial: +1-647-932-3411
Webcast: https://www.gowebcasting.com/15173
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Mr. Darren Koningen, P.Eng., the Company's President & COO, who is the Qualified Person under National Instrument 43-101.
About Mining Americas
Mining Americas Inc. is a growing North American gold production and development company with projects in Nevada, Arizona, and Mexico. The Company owns the Pan Operating Complex in White Pine County, Nevada, comprised of the producing Pan mine and the adjacent permitted Gold Rock project.
The Company also owns the Copperstone project in La Paz County, Arizona, an underground gold project currently in construction. The Company maintains a portfolio of high-quality Mexican assets, including the Cerro de Oro project, a permitted open pit heap leach gold development project in northern Zacatecas.
The Company's strategy is to become a leading, U.S.-focused intermediate gold producer by growing production at its Pan Operating Complex and developing its pipeline of permitted, low-capital projects while expanding gold resources across its portfolio.
For Further Information, Please Contact:
Darren Blasutti, CEO
416-306-0990 ext 208
dblasutti@miningamericas.gold
David Stewart, VP Corporate Development & Capital Markets
+1-647-294-8361
dstewart@miningamericas.gold
Website: www.miningamericas.gold
Caution Regarding Forward-Looking Statements
This press release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All information herein, other than information of historical fact, constitutes forward-looking information. Forward-looking information is frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements contained in this press release include statements regarding: achieving 2026 production guidance and further productivity improvements in mining rates at the Pan mine. This information is based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations.
The forward-looking information is based on assumptions and addresses future events and conditions that, by their very nature involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated in forward-looking information for many reasons. The Company's financial condition and prospects could differ materially from those currently anticipated in forward-looking information for many reasons such as: an inability to receive requisite permits for mine operation, exploration or expansion; an inability to finance and/or complete updated resource and reserve estimates and technical reports which support the technical and economic viability of mineral production; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the Company's activities; and other matters discussed in this press release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of the Company's forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking information. The Company does not undertake to update any forward-looking information that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/318585
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much gold did Mining Americas produce in the third quarter of 2026?
Mining Americas reported preliminary Pan mine production of 7,915 ounces of gold for the three months ended September 30, 2026. Production was in line with its 2026 mine plan. Gold sales were 7,620 ounces, and year-to-date production reached 24,786 ounces.
What is Mining Americas' full-year 2026 gold production guidance?
Mining Americas' unchanged full-year 2026 production guidance is 32,000–38,000 ounces of gold. The company says it remains on track to achieve that range.