$MAI.V

Minera Alamos to Change Its Name to Mining Americas

Minera Alamos (MAI.V) on Thursday said its is changing its name to Mining Americas,The name change was approved by shareholders at its annual meeting today, the company said. The TSX Venture Exchange, which has given conditional approval for the switch, will announce the effective date of the name change, it added.The company's shares will continue trading under the ticker MAI on the TSXV and MAIFF on the OTCQX, said the company.The board of directors appointed Darren Pylot as chair, the company added."We are excited to officially welcome Darren Pylot as our new Chairman, and will readily draw from his company-building expertise from his leadership at Capstone Copper as Founder, President, CEO, and later Executive Chair," said Chief Executive Officer Darren Blasutti. "We would also like to thank Jason Kosec for his time serving as Chairman and are pleased to have him remain as a Director. The name change to Mining Americas Inc. is reflective of the Company's strategy to become a leading, U.S.-focused intermediate gold producer."The company's shares were last seen up C$0.08 to C$4.89 on the TSX Venture Exchange.Price: $4.89, Change: $+0.08, Percent Change: +1.66%

National Bank of Canada Raises Minera Alamos' Price Target to C$9.50 from C$8.50; Outperform Rating Kept

National Bank of Canada on Friday raised its price target on the shares of Minera Alamos (MAI.V) to C$9.50 from C$8.50 per share while maintaining its outperform rating.The analysts said the company has completed a major restructuring with a clean capital structure and a clear multi-year growth plan. The start of construction at Copperstone marks a key step toward restarting mine development.The analysts expect production to scale from 35 thousand ounces (koz) in 2026 to over 150 koz per year, driven by a series of low-cost projects, starting with Copperstone at 46 koz per year ramping in mid-2027, Goldrock at 40 koz around 2028, and Cerro de Oro adding roughly 55 to 60 koz."We have updated our model following several recent developments from Minera Alamos over the past week, including: the Copperstone pre-feasibility study and construction decision, US$45 million credit facility drawdown and restructuring of gold prepays and call options, repurchase of a net smelter return on Cerro De Oro, release of Q1 financial statements, and adoption of a USD financial reporting standard," the analysts said.The analysts said they have adopted the Copperstone PFS mine plan, with first production now expected in Q3 2027 instead of Q1 2027. The project is expected to produce 42 koz per year at a life-of-mine AISC of US$1,430 per ounce. The model also includes an added US$80 million NAV benefit tied to about 300 koz additional resources that could support future open-pit mining upside.Following model updates, the analysts said their net asset value per share increased 6% to C$13.59 from C$12.78.Price: $7.09, Change: $+0.16, Percent Change: +2.31%

Minera Alamos Swings to First-quarter Profit On Record Revenue

Minera Alamos (MAI.V) after trade Monday said it had swung to a first-quarter profit on record revenue while the company said its strategy is to become a leading, U.S. focused intermediate gold producer by growing production at its Pan Operating Complex.The company earned near US$10.9 million, or $0.10 per share, compared with a loss of near $23 million, or $0.043 per share, a year ago. FactSet expected earnings of US$0.11 per share.Revenue jumped to a record US$39.2 million from US$2.4 million a year ago. The corresponding FactSet figure was not available.Among other highlights, MAI cited record earnings from mine operations of $19.5 million, and record EBITDA of $15.3 million.The company ended Q1 2026 with cash and cash equivalents of $45.5 million and working capital of $88.9 million. It had total cash costs of $1,659/oz gold sold and all-in sustaining costs of $1,818/oz gold sold at the Pan mine, both below the lower end of respective annual cost guidance ranges of $1,750-1,900/oz and $1,850-2,000/oz, for 2026.Gold production for the quarter stood at 8,734 ounces, with gold sales of 9,134 ounces at a record average realized price of US$4,287 per ounce. "The average realized gold price in Q1 was impacted by settling 1,500 ounces of the company's outstanding call options with Auramet at a price of US$2,113 per ounce," Minera Alamos said.For 2026, the company expects the Pan mine to produce between 32,000 and 38,000 ounces of gold, targeting total cash costs of US$1,750 to US$1,900 per ounce and all-in sustaining costs of US$1,850 to US$2,000 per ounce. The company also plans to graduate from the TSX Venture Exchange to the Toronto Stock Exchange in Q2."Looking forward this week, we plan to close the revolving credit facility with Scotiabank and National Bank, eliminate our forward and pre-pay gold ounces, and release the results of a pre-feasibility study on the Copperstone project," Chief Executive Darren Blasutti added.

Earnings Flash (MAI.V) Minera Alamos Reports Q1 Revenue $39.2M, Earnings of $10.9M, and EBITDA of US$15.3M

Minera Alamos Maintained at Buy at Stifel Canada Following Q4 Results; Price Target Kept at C$9.50

Stifel Canada on Friday maintained its buy rating on the shares of Minera Alamos (MAI.V) and its C$9.50 price target after the company released fourth-quarter results."4Q25 First Look: Slight positive on costs with production pre-reported. MAI reported Q4/25 adjusted EPS of $0.11/sh, above our estimate of $0.01/sh (consensus: $0.02/sh) on pre-reported gold production of 9.2koz at attributable Total Cash Costs of $1,658/oz (vs. our $1,549/oz estimate) and AISC of $1,716/oz (vs. our $2,020/oz estimate). For the full year, MAI generated $22.8M of operating cash flow and $17.9M of FCF. Q4/25 total cash balance stood at $34M (+$33M QoQ). Full 2026 year guidance has been previously reported at 32-38koz Au; at 1Q26 cash balance stood at $46M (+$12M QoQ)," analyst Cole McGill wrote.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $6.26, Change: $+0.21, Percent Change: +3.47%

Earnings Flash (MAI.V) Minera Alamos Reported Record Q4 Revs C$43.6M and Record Quarterly Adjusted Earns of $11.6M or $0.11 Per Share