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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 |
|---|---|---|---|---|---|---|---|
73 Outperform | C$467.73M | 6.16 | 35.92% | ― | 104.75% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | C$460.32M | -5.61 | -180.41% | ― | 119.95% | -79.81% | |
61 Neutral | C$373.37M | -36.30 | ― | ― | ― | -166.59% | |
40 Underperform | $413.00M | -12.44 | -49.70% | ― | ― | 0.31% | |
32 Underperform | C$426.11M | -27.55 | -299.52% | ― | ― | -113.64% |
Minera Alamos Corporate Events
Minera Alamos Inc. reported its third-quarter financial results for 2025, highlighting a transformative acquisition of Nevada assets, including the Pan Gold Mine, which aligns with the current strong gold price environment. The company is enhancing its corporate profile by strengthening its management team, planning a transition to the Toronto Stock Exchange, and executing a share consolidation to boost its capital markets presence and investor awareness.
Minera Alamos Inc. has announced updates on its Copperstone Mine project, with final amendments to the Mine Plan of Operations submitted and approvals expected by year-end. The company is preparing an updated technical study to support a full restart of the project, which shows robust economics with a significant Net Present Value and Internal Rate of Return at current gold prices. Engineering activities are underway to optimize the mine restart and process plant installation, with site development activities set to begin under existing permits. The new geological interpretation suggests potential for deeper mineralization and additional shallow, open pit accessible gold, which could enhance the project’s production and cash flow significantly.
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.
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.
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.
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.