Minera Alamos Inc. (OTCQX: MAIFF) Reports Record Q1 2026 Results and Advances Copperstone Growth Plan

• Minera Alamos Inc. (OTCQX: MAIFF) reported record first-quarter 2026 results, with revenue of $39.2 million, net earnings of $10.9 million, and EBITDA of $15.3 million.
• The company ended the quarter with $45.5 million in cash and cash equivalents and working capital of $88.9 million, supporting a stronger financial position.

Minera Alamos also closed a US$75 million revolving credit facility and advanced its Copperstone Gold Project in Arizona, where a recent pre-feasibility study showed strong project economics.

Minera Alamos Inc. (OTCQX: MAIFF) is a North American gold production and development company with assets in Nevada, Arizona, and Mexico. The company recently reported unaudited financial and operating results for the first quarter of 2026, delivering a record quarter driven by strong gold sales from the Pan mine in Nevada and a favorable gold price environment.

For Q1 2026, Minera Alamos reported revenue of $39.2 million, compared with $2.4 million in the prior-year period. Net earnings reached $10.9 million, or $0.10 per share, while EBITDA totaled $15.3 million. The company sold 9,134 ounces of gold during the quarter at an average realized price of $4,287 per ounce.

The company’s liquidity position also improved. Minera Alamos ended the quarter with $45.5 million in cash and cash equivalents and $88.9 million in working capital. This gives the company additional flexibility as it continues to develop its growth pipeline and fund project-level activity.

Minera Alamos further strengthened its balance sheet by closing a US$75 million revolving credit facility with Scotiabank and National Bank of Canada. The company plans to use an initial US$45 million drawdown mainly to repay existing debt and commitments with Auramet, including a gold prepayment facility of 7,830 ounces and remaining forward sales of 3,000 ounces of gold. The financing should also help support development work across its growth assets without relying heavily on equity dilution.

A major focus is the Copperstone Gold Project in Arizona. Minera Alamos recently announced a positive pre-feasibility study for the project, showing an after-tax NPV 5% of $374 million at a base-case gold price of $3,500 per ounce. The study also outlined an internal rate of return of 108% and a payback period of 1.2 years. Based on these results, the company’s board approved a fast-track construction plan, with initial production anticipated in mid-2027.

The company’s financial profile appears stronger after its record Q1 performance, improved liquidity, and new credit facility. At the same time, investors should continue watching gold price exposure, project execution at Copperstone, production trends at the Pan mine, and how the new debt facility affects the company’s leverage over time.