Minera Alamos
Mining Americas Inc. (formerly Minera Alamos) is a North American gold producer operating the Pan mine in Nevada and developing the Copperstone project in Arizona, with a pipeline of Mexican gold assets. It sells gold into global commodity markets and targets institutional investors across TSX-V and OTCQX listings.
- Company typePublic
- Founded2004
- HeadquartersToronto, Canada
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Minera Alamos does
Mining Americas Inc. (formerly Minera Alamos Inc.) is a North American gold production and development company listed on the TSX Venture Exchange (MAI) and OTCQX (MAIFF), with corporate headquarters in Vancouver, Canada. The company operates a platform-plus-projects model anchored by the Pan Operating Complex in White Pine County, Nevada — comprising the producing Pan mine (222,000 oz P&P reserves, open-pit heap leach) and the adjacent permitted Gold Rock project — and the permitted Copperstone underground gold project in La Paz County, Arizona (1.2M oz resource, 5.7-year initial mine life). A portfolio of Mexican development assets (Cerro de Oro, Santana, La Fortuna) provides pipeline optionality, and the company recently completed two transformational acquisitions: the Pan Operating Complex from Equinox Gold for US$115M (closed October 2025) and Sabre Gold Mines/Copperstone (closed April 2026), together with a C$135M bought-deal offering and a US$75M revolving credit facility with Scotiabank and National Bank.
The company's revenue model is straightforward commodity sales: gold doré is sold at prevailing market prices into global commodity markets to refiners, bullion dealers, and precious metals funds. Q1 2026 reported record revenue of US$39.2M from 8,734 oz of gold at total cash costs of US$1,659/oz, with net earnings of US$10.9M, EBITDA of US$15.3M, and a period-end cash position of US$45.5M. Full-year 2026 production guidance is 32,000-38,000 oz. The go-to-market approach is traditional mining-sector investor relations — TSX-V/OTCQX disclosures, press releases, corporate presentations, and mining investment conferences — targeting institutional investors, equity capital markets, and strategic financial partners.
Business model and capital structure reflect a recent pivot from developer to intermediate producer. The platform is funded through a combination of equity (C$135M bought deal, prior private placements) and debt (US$75M revolver at Term SOFR + 3.25-4.25%, maturing May 2029), with shareholder approval in June 2026 to rebrand as Mining Americas Inc. and graduate to the Toronto Stock Exchange. Leadership was upgraded with the appointment of Darren Pylot (former Founder/President/CEO of Capstone Copper) as Chairman and Darren Blasutti as EVP, Corporate Development. The stated strategy is to become a leading U.S.-focused intermediate gold producer by expanding production at the Pan Operating Complex, restarting Copperstone, and progressing the Mexican development pipeline.
Minera Alamos firmographics
Firmographics- Name
- Minera Alamos
- Legal name
- Mining Americas Inc.
- Website
- https://mineraalamos.com
- Company type
- Public
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Mining Americas Inc. (formerly Minera Alamos) is a North American gold producer operating the Pan mine in Nevada and developing the Copperstone project in Arizona, with a pipeline of Mexican gold assets. It sells gold into global commodity markets and targets institutional investors across TSX-V and OTCQX listings.
- Ownership category
- akta.pro rank
Minera Alamos industry classification
Industry- Product category
- Gold Mining
- NAICS
- Gold Ore and Silver Ore Mining (212220), Gold Ore and Silver Ore Mining (21222)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
Keywords
Where Minera Alamos is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices4 records
Markets served
Minera Alamos business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Supply Chain, Infrastructure, Others
Revenue model
- Gold Production and Sales: The company generates revenue through the production and sale of gold from its mining operations. Gold is extracted at the Pan mine in Nevada and sold at market prices, with revenue driven by production volumes (ounces of gold) and prevailing gold prices. The company reported record Q1 2026 revenue of $39.2 million from 8,734 ounces of gold production.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Minera Alamos product offering
Product offeringCore offering
Minera Alamos is a gold mining company that produces and sells gold doré from its mining operations. The company's core production asset is the Pan Operating Complex in White Pine County, Nevada, comprising the producing Pan mine (heap leach operations) and adjacent permitted Gold Rock project. It also holds the permitted Copperstone underground project in Arizona and a portfolio of Mexican development projects including Cerro de Oro. Gold is sold at prevailing commodity market prices.
Product overview
Mining Americas Inc. is a North American gold production and development company operating a platform-plus-projects model. The company's core production asset is the Pan Operating Complex in Nevada, comprised of the producing Pan mine and adjacent Gold Rock project. The company also owns the Copperstone project in Arizona, an advanced underground gold project. The portfolio includes multiple Mexican development projects (Cerro de Oro, Santana, La Fortuna). The strategy focuses on growing production at the Pan Operating Complex while developing the pipeline of high-quality, low-capital projects and expanding gold resources across the portfolio.
Differentiator
Problem solved
Functional benefit
Products and services
- Pan Operating Complex A producing gold mine complex located in White Pine County, Nevada, comprising the Pan mine and the adjacent permitted Gold Rock project. Gold is produced via heap leach operations with proven and probable reserves of 222,000 ounces of gold.
- Gold Rock Project A permitted gold development project located adjacent to the Pan mine in White Pine County, Nevada, approximately 7 miles southeast. The project is being evaluated for potential operating and cost synergies with the Pan mine as part of the Pan Operating Complex.
- Copperstone Project A permitted, advanced underground gold project located in La Paz County, Arizona. The project has a resource estimate of 1.2 million ounces of gold and an estimated initial mine life of 5.7 years.
- Cerro de Oro Project An open pit heap leach gold development project located in northern Zacatecas, Mexico.
- Santana Project A gold project asset in Mexico included in the company's portfolio of Mexican assets.
- La Fortuna Project A gold project asset in Mexico included in the company's portfolio of Mexican assets.
Quantifiable outcome
- Record Q1 2026 revenue of $39.2 million with net earnings of $10.9 million and EBITDA of $15.3 million
- +2 more outcomes
Companies that use Minera Alamos
Customer profileSegments1 record
Ideal customer profiles2 records
Minera Alamos technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Minera Alamos partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Sabre Gold MinescoreAcquired Sabre Gold Mines and its Copperstone gold project in Arizona. The Copperstone project has a resource estimate of 1.2 million ounces of gold and is fully permitted for restart, with an estimated initial mine life of 5.7 years.
- Equinox Gold Corp.coreMinera Alamos acquired the Pan Mine, Gold Rock Project, and Illipah Project from Equinox Gold Corp. for US$115 million, transforming the company into a diversified North American gold producer with immediate production from the Pan mine in Nevada.
Scale indicators17 records
Recent moves8 records
Expansion highlights6 records
Minera Alamos competitors and assessment
Company assessmentDirect peers
- Wesdome Gold Mines: Canadian intermediate gold producer operating Eagle River and Kiena mines in Ontario. Comparable in scale and as a single-jurisdiction-focused intermediate producer with a track record of organic growth.
- Alamos Gold: Canadian intermediate gold producer with operations across North America and Mexico (Mulatos in Sonora, Island Gold in Ontario, Young-Davidson). Directly comparable to Mining Americas as a multi-jurisdictional intermediate gold producer with a similar geographic footprint and stage of development.
- Argonaut Gold: Intermediate gold producer with producing assets in Nevada (Magdalena), Arizona, and Mexico. Highly comparable to Mining Americas given similar asset mix, jurisdictional exposure, and market cap tier.
- Calibre Mining: Growing intermediate gold producer with operations in Nevada and Nicaragua (Limber, Pan, Valentine). Highly relevant peer given similar size, North American production base, and growth-via-acquisition strategy.
- McEwen Mining: Gold and silver producer with assets in Nevada (Gold Bar), Ontario, Mexico (El Gallo), and Argentina. Similar tier and jurisdictional mix, with comparable growth-via-development profile.
Broad incumbents
- Equinox Gold: Mid-tier gold producer that sold the Pan Operating Complex to Mining Americas. Operates multiple producing gold mines across the Americas and is a relevant comparable for portfolio scale and operational benchmarks, though at a much larger size.
- New Gold: Intermediate gold producer operating Rainy River in Ontario and New Afton in BC. Comparable as a North American-focused intermediate producer with multiple assets in politically stable jurisdictions.
- Coeur Mining: U.S.-listed precious metals producer with operations across North America (Palmarejo, Rochester, Kensington, Wharf). Relevant as a mid-tier producer with similar multi-jurisdictional profile and focus on production growth.
- First Majestic Silver: Intermediate precious metals producer with operating silver-gold mines in Mexico and a U.S. asset (Jerritt Canyon). Comparable as a North American-focused intermediate producer with multi-asset operations and Mexico exposure.
- Hecla Mining: Largest U.S.-based silver producer with growing gold exposure (Lucky Friday, Greens Creek, Casa Berardi). Relevant as a North American intermediate precious metals producer and a comparable at the higher end of the size band.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Minera Alamos social profiles
Digital presenceMinera Alamos financial estimates
Financial estimateRevenue estimate
Valuation estimate
Minera Alamos leadership team
Management profileNumber of profiles
Profiles6 records
Minera Alamos subsidiaries and ownership
Company hierarchySubsidiaries2 records
Minera Alamos funding detail
Funding detailFunding overview
Funding rounds8 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Minera Alamos M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Minera Alamos
What does Minera Alamos do?
Minera Alamos is a gold mining company that produces and sells gold doré from its mining operations. The company's core production asset is the Pan Operating Complex in White Pine County, Nevada, comprising the producing Pan mine (heap leach operations) and adjacent permitted Gold Rock project. It also holds the permitted Copperstone underground project in Arizona and a portfolio of Mexican development projects including Cerro de Oro. Gold is sold at prevailing commodity market prices.
Is Minera Alamos a public or private company?
Minera Alamos is a public company. It is classified as public and is currently operating.
When was Minera Alamos founded?
Minera Alamos was founded in 2004. It employs 11 to 50 people.
Where is Minera Alamos based?
Minera Alamos is headquartered in Toronto, Canada, in the North America region.
How does Minera Alamos make money?
One revenue line is on record: gold Production and Sales.
Who are Minera Alamos's main competitors?
Direct peers on record are Wesdome Gold Mines, Alamos Gold, Argonaut Gold, Calibre Mining and McEwen Mining. Broad incumbents are Equinox Gold, New Gold, Coeur Mining, First Majestic Silver and Hecla Mining.
Does Minera Alamos have an API?
No public API is recorded for Minera Alamos.
What industry is Minera Alamos in?
Minera Alamos's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining. Its NAICS code is 212220 and its SIC code is 1040.