Minera Alamos Inc V.MAI

Minera Alamos New Acquisition Builds On 100,000 au oz annual

[GoldenPolarBear]

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Minera Alamos (TSX:MAI) - New Acquisition Builds On 100,000 oz Annual Production Target..."

"... Minera aims to bring Copperstone into production by late 2025 or early 2026. This would be followed closely by the startup of the Cerro de Oro project in Mexico, which is anticipated to produce over 60,000 oz per year. Together with the currently ramping up Santana mine, Minera expects to reach a consolidated production rate of 100,000 oz gold per year by 2026. Minera is acquiring Copperstone by issuing shares to Sabre Gold, with Minera owning 86% of the combined company. Sabre's existing debt will be eliminated as part of the transaction. Closing of the acquisition is expected in January 2025, and in the meantime Minera is focused on optimizing development plans and mobilizing its technical team. The Copperstone acquisition fits well with Minera's strategy of advancing high-margin, scalable gold projects with low capex intensity. The company's project portfolio boasts industry-leading capital efficiency, with quick paybacks expected on initial investments. By moving Copperstone forward in parallel with its Mexican projects, Minera offers investors multiple shots on goal and a rapid path to intermediate producer status. ..."

https://www.youtube.com/watch?v=GzPovcftLs0

Copperstone hasn't been acquired yet and we have all seen deals ORE acquisitions fall through in the recent past so...