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Minera Alamos Inc V.MAI

Alternate Symbol(s):  MAIFF

Minera Alamos Inc. is a gold production and development company. The Company has a portfolio of Mexican assets, including the 100%-owned Santana open-pit, heap-leach mine in Sonora that is going through the start-up of operations at the new Nicho Main deposit. The Santana Property consists of certain mining claims located approximately east-southeast of Hermosillo, Sonora, Mexico. Additionally, the Company holds a 100% interest in certain contiguous mining concessions referred to as Santa Lucia and Hilda 35 Fraccion 1, located in Sonora State, Mexico. Its 100%-owned Cerro de Oro oxide gold project that comprises Zacatecas I and Zacatecas II concessions is located in northern Zacatecas and covers about 6,500-hectare (ha). The Company holds a 100% interest in the La Fortuna open pit gold project in Durango, which covers about 6,200 ha. The Company also holds a 100% interest in a mining property known as Los Verdes, a molybdenum-copper property located in the State of Sonora, Mexico.


TSXV:MAI - Post by User

Post by cmarketinsightson Oct 30, 2024 5:52pm
98 Views
Post# 36289592

Minera Alamos Expands U.S. Presence with Sabre Gold

Minera Alamos Expands U.S. Presence with Sabre Gold
Hi guys! Minera Alamos Expands U.S. Presence with Sabre Gold Acquisition
Minera Alamos’ acquisition of Sabre Gold’s U.S.-based assets, including the Copperstone project, is a clear move to diversify and build resilience within its portfolio. 
 
While a smaller-scale acquisition, it fits Minera’s strategy of low-cost production assets that help reduce market risks. For shareholders, this acquisition could strengthen Minera’s long-term production outlook and broaden its geographic base. 
 
Fundamental Research Corp’s analysts break down the strategy and implications behind this acquisition in their weekly mining commentary: https://www.researchfrc.com/content/analyst-ideas/post/154/mining-mergers-acquisitions-recent-trends-in-the-junior-mining-sector
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