Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

Investing

Minera Alamos Closes Nevada Mine Acquisition, Expands US Gold Footprint

by admin October 4, 2025
October 4, 2025
Minera Alamos Closes Nevada Mine Acquisition, Expands US Gold Footprint

Minera Alamos (TSXV:MAI,OTCQX:MAIFF) announced that it has completed its purchase of the Pan gold mine and two development-stage projects in Nevada from Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX).

The Toronto-based company said Wednesday (October 1) that it closed the previously announced transaction to acquire the Pan mine, along with the Gold Rock and Illipah projects in White Pine County.

Under the terms, Minera Alamos paid Equinox Gold roughly US$88 million in cash and issued nearly 97 million shares, leaving Equinox with a 9.15 percent stake in the company.

The company also secured a US$25 million gold prepayment facility with Auramet International, structured as a 24-month loan repayable in 7,830 ounces of gold.

Minera Alamos Chief Executive Darren Koningen said the acquisition provides both immediate production and a pipeline of late-stage assets.

“We are excited to close this transformational acquisition for Minera Alamos,” Koningen said. “The addition of the Pan gold mine, along with the Gold Rock and Illipah projects, provides immediate production and cash flow while significantly expanding our late-stage project development pipeline.”

Pan is a heap leach operation that has been producing around 40,000 ounces of gold annually. Combined with development plans at Copperstone, Cerro de Oro, and Gold Rock, Minera Alamos expects to eventually scale production to more than 175,000 ounces a year, according to earlier preliminary assessments.

Meanwhile, the sale allows Equinox Gold to retain exposure to the Nevada assets through its minority equity stake in Minera Alamos.

Equinox, which operates multiple mines across the Americas, said earlier it was looking to streamline its portfolio and recycle capital into core projects.

For Minera Alamos, the addition of the Pan mine provides steady cash flow, while Gold Rock and Illipah add long-term optionality. Both development projects are in Nevada’s Battle Mountain–Eureka trend, a region known for its high concentration of producing gold mines.

The Nevada acquisition represents the second major financing effort for Minera Alamos in less than two months.

The company expects near-term contributions from Pan while advancing development work at Gold Rock and Illipah. Construction and permitting activities are underway, with timelines tied to gold market conditions and project economics.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
ECB Taps G+D, Nexi and Capgemini to Build Offline Payments for Digital Euro
next post
S&P 500 Breaking Out Again: What This Means for Your Portfolio

Related Posts

Successful Heavily Supported Placement to Raise $25.1 Million

September 18, 2025

Metals & Mining Virtual Investor Conference Agenda Announced...

July 23, 2025

Sarama Outlines Extensive Gold Trends at Cosmo Gold...

June 10, 2025

Metals Australia

July 3, 2025

Stallion Uranium Completes Shares for Debt

July 19, 2025

Cardiex Receives TGA Approval for CONNEQT Pulse Device

June 2, 2025

Torex to Acquire Prime Mining in US$449 Million...

July 29, 2025

Tartana executes HOA to process Copper Ore in...

April 14, 2025

Metallurgical Update – Halleck Creek

February 20, 2025

FPX Nickel Announces Share-Based Compensation Grant

July 12, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • The Real Drivers of This Market: AI, Semis & Robotics

      October 4, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      October 4, 2025
    • Minera Alamos Closes Nevada Mine Acquisition, Expands US Gold Footprint

      October 4, 2025
    • Crypto Market Update: Stablecoin Market Passes US$300 Billion in Fastest Growth Since 2021

      October 4, 2025
    • BHP’s 2026 Xplor Critical Minerals Accelerator Program Calls for Applications

      October 4, 2025
    • ECB Taps G+D, Nexi and Capgemini to Build Offline Payments for Digital Euro

      October 4, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 crazyflux.com | All Rights Reserved