Minera Alamos - MAIFF STOCK NEWS

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.

Minera Alamos Inc. (TSXV: MAI) has provided an operations update for its Santana gold mine in Sonora, Mexico. Mining and stacking operations began last month at the new Nicho Main zone deposit, with approximately 900 ounces of newly mined gold stacked on the leach pad through June. The company expects to stack 1,300-1,500 ounces of gold in the next month, approaching the lower end of initial monthly mining rates.

Gold grades averaged about 0.9 g/t through June. The company is optimizing blasting operations and crushing arrangements to improve leaching conditions. Minera Alamos is also considering mobilizing its agglomeration system for more operational flexibility. The shift to the Nicho Main Zone pit is expected to provide a significant improvement in gold stacking activities and help operations return to being cash generative as gold prices strengthen.

Minera Alamos provided an update on its Q1 2024 financials and operations. The Santana mine is ramping up activities with anticipated gold production of 20,000 ounces over 12 months. An additional 4,500 ounces of higher-grade gold will be processed pending further studies. In Q1 2024, 907 ounces of gold were sold, generating $2.46 million in revenue. Cash reserves stood at $11.84 million, with a working capital of $18.25 million. However, the company reported a small operational loss of $96,514 and a net income of $528,360, down from $1.49 million in Q1 2023. Minera Alamos also disclosed a merger agreement for its subsidiary Cobre 4H with Minera Gold Copper, aimed at creating a regional copper production hub.

Minera Alamos Inc. provides an update on its Cobre 4H Mexican subsidiary and copper assets. The company plans to develop a copper production 'hub' in southern Sonora. The Los Verdes and Potreritos projects are key components of this plan. The current NI43-101 compliant Preliminary Economic Assessment for the Los Verdes project highlights a pre-tax net cash flow of $163 million, net present value of $113 million, and an internal rate of return of 34% over a 7-year mine life. The acquisition of the Potreritos project area adds potential resources to the mining plans. The Suaqui Verde project merger is also progressing with agreements in place.

Minera Alamos Inc. provided an update on its 2023 financials and 2024 operational outlook, highlighting progress at the Santana and Cerro de Oro projects. The company aims to boost gold production, optimize existing assets, and establish a new copper-focused entity. Despite temporary production slowdowns, Minera Alamos maintained a strong financial position and is exploring additional growth opportunities.