Top Page
Minera Alamos
(MAI)
Minera Alamos (MAI) vs. iShares MSCI Canada ETF (EWC)
Minera Alamos Business Overview & Revenue Model
Minera Alamos Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.58M | 8.92M | 13.42M | 21.73M | 897.91K | 0.00 |
| Gross Profit | -31.32M | 1.56M | 348.88K | 3.21M | 842.86K | -33.08K |
| EBITDA | -45.32M | -17.24M | -1.98M | 6.21M | -1.67M | 6.41M |
| Net Income | -45.69M | -17.57M | -2.86M | 5.61M | -1.75M | 6.10M |
Balance Sheet | ||||||
| Total Assets | 50.12M | 47.43M | 51.62M | 53.28M | 36.42M | 33.36M |
| Cash, Cash Equivalents and Short-Term Investments | 3.65M | 11.76M | 13.75M | 13.18M | 9.38M | 23.44M |
| Total Debt | 6.51M | 6.38M | 6.27M | 371.97K | 440.74K | 101.39K |
| Total Liabilities | 23.16M | 14.01M | 13.93M | 10.08M | 4.47M | 1.48M |
| Stockholders Equity | 26.97M | 33.43M | 37.69M | 43.21M | 31.95M | 31.88M |
Cash Flow | ||||||
| Free Cash Flow | -13.92M | -10.00M | -4.93M | -1.76M | -18.22M | -6.81M |
| Operating Cash Flow | -13.76M | -9.65M | -4.57M | 2.61M | -5.45M | -185.63K |
| Investing Cash Flow | -407.66K | -347.68K | -366.49K | -2.31M | -8.24M | -2.25M |
| Financing Cash Flow | 8.16M | 8.18M | 6.19M | 5.37M | 815.04K | 20.59M |
Minera Alamos Technical Analysis
Minera Alamos Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | C$190.07M | 7.76 | 14.79% | 3.45% | 20.44% | 4.03% | |
| ― | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
| ― | $397.90M | -109.18 | -7.40% | ― | ― | -13.95% | |
| ― | C$528.03M | ― | -7.27% | ― | ― | -23.08% | |
| ― | C$270.07M | ― | -156.63% | ― | 54.01% | -254.83% | |
| ― | C$279.76M | -30.04 | -37.04% | ― | ― | 58.22% |
Minera Alamos Corporate Events
Minera Alamos has reaffirmed its 2025 production and cost guidance for the Pan Mine, following its acquisition of the complex on October 1, 2025. The company successfully completed its first gold pour under new ownership on October 7, 2025, and is on track to meet or exceed its Q4 production targets. The Pan Mine is expected to produce 30,000-40,000 ounces of gold in 2025 at an all-in sustaining cost of $1,600-$1,700 per ounce. The acquisition and subsequent production milestones mark a significant step in Minera Alamos’ growth as a US precious metals producer, leveraging strong gold prices to enhance cash flow and expand mining capabilities.
The most recent analyst rating on (TSE:MAI) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Minera Alamos stock, see the TSE:MAI Stock Forecast page.
Minera Alamos Inc. has appointed Darren Blasutti as Executive Vice President of Corporate Development, marking a significant step as the company transitions from a development company to a gold producer. Blasutti’s extensive experience in mining finance and executive roles is expected to drive the company’s next phase of growth. The company also announced a $3.5 million private placement offering to key personnel, including Blasutti, and a debt settlement agreement involving the issuance of common shares. These strategic moves aim to strengthen Minera Alamos’s financial position and support its ongoing development projects.
The most recent analyst rating on (TSE:MAI) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Minera Alamos stock, see the TSE:MAI Stock Forecast page.
Minera Alamos has completed the acquisition of Equinox Gold Corp.’s Pan Gold Mine, Gold Rock Project, and Illipah Project in Nevada, marking a significant expansion in its operations. This acquisition is expected to provide immediate production and cash flow, enhancing the company’s growth potential and long-term shareholder value. Additionally, the company has appointed Jason Kosec as the new Chairman of the Board, while Kevin Small transitions to a senior management role. The transaction was funded through a private placement, and the company has also entered into a $25 million gold prepay agreement with Auramet International, Inc., further strengthening its financial position.
The most recent analyst rating on (TSE:MAI) stock is a Buy with a C$0.90 price target. To see the full list of analyst forecasts on Minera Alamos stock, see the TSE:MAI Stock Forecast page.
Minera Alamos has successfully completed a C$135 million bought deal offering, issuing over 380 million subscription receipts. This funding will support the acquisition of Equinox Gold Corp.’s Pan Mine, Gold Rock Project, and Illipah Project, aiming to significantly grow the company’s production capabilities.
The most recent analyst rating on (TSE:MAI) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Minera Alamos stock, see the TSE:MAI Stock Forecast page.
Minera Alamos has successfully closed its C$110 million private placement due to strong investor demand, which will fund the acquisition of the Pan Complex mining assets in Nevada. This acquisition, including the Pan Gold Mine and Gold Rock Project, is expected to enhance the company’s growth trajectory and position it as a leading Americas-focused gold producer. The transaction involves acquiring Calibre USA Holdings from Equinox Gold Corp for $115 million, with the funds primarily used for cash consideration and operational support at the Pan complex.
Minera Alamos has announced the acquisition of Calibre USA Holdings Ltd. from Equinox Gold Corp. for $115 million, which includes the Pan Gold Mine and other projects in Nevada. This acquisition positions Minera Alamos as a growing precious metals producer with immediate production and cash flow, enhancing its strategic growth initiatives. The company has secured financing to fund this acquisition and plans to leverage internal cash flow to expand its production profile, benefiting from the current high gold price environment.