Minera Alamos is a gold developer/producer with its first low capex mine, Santana, continuing to work through its start-up development. A planned permit amendment that is awaited should allow production level to stabilize at initial planned rates. In addition, the Company is advancing its second planned mine, Cerro de Oro, through the permitting process. The 100%-owned Cerro de Oro oxide gold project in northern Zacatecas had a PEA completed in 2022 and a debt/royalty funding package in place in 2023 ahead of receipt of permits. The project is our second industry leading low capital intensity build with an initial planned production profile of 60,000 oz/y over 8 years for sub $30 million of initial capital. The La Fortuna open pit gold project in Durango (100%-owned) has an extremely robust and positive preliminary economic assessment (PEA) completed and the main Federal permits in hand.

Minera Alamos is built around its operating team that together brought 4 mines into production in Mexico over the last 13 years. Minera Alamos is fully funded for current development and operating plans - with approximately $20 million in working capital. The Company’s strategy is to develop very low capex assets while expanding the projects’ resources and continuing to pursue complementary strategic acquisitions.

Proven Mine Building team

The Minera Alamos team has successfully built four mines in the last 13 years, including founding Castle Gold and developing the El Castillo mine for $8 million, which was later sold to Argonaut Gold for $130M.

Aggressive Growth Ambitions

The Company is focused on opportunistically acquiring and developing high-quality mining assets that are:

  • 12-24 months away from production;
  • Capable of high operating margins; and
  • Modest in size/capex

© 2024 Minera Alamos Inc.
All rights reserved.