Mining Americas begins trading on the Toronto Stock Exchange
Mining Americas Inc. [MAI-TSX, MAIFF-OTCQX], a company that recently changed its name from Minera Alamos Inc., said its shares began trading today on the Toronto Stock Exchange. In conjunction with the graduation to the TSX, the shares have been delisted from the TSX Venture Exchange.
On Friday, the share price was unchanged at $5.37 and trades in a 52-week range of $7.50 and $3.20.
Mining Americas is a growing North American gold production and development company with projects in Nevada, Arizona and Mexico. Its asset portfolio includes the Pan Operating Complex in White Pine County, Nevada, consisting of the Pan mine and adjacent permitted Gold Rock project.
The company also owns the Copperstone project in La Paz County, Arizona, a permitted advanced underground gold project. The assets in Mexico include the Cerro de Oro project, an open pit gold development project in northern Zacatecas.
The company was in the news last year when it agreed to acquire Calibre USA Holdings Ltd. from Equinox Gold Corp. [EQX-TSX, EQX-NYSE] for $115 million. Calibre USA held a 100% interest in the producing Pan Gold Mine, Gold Rock Project and Illipah projects, Nevada. Pan is a heap leach gold operation producing 40,000 ounces, generating strong cash flow, given the current record gold price environment.
Post transaction, Minera said the asset base, when fully developed, will hold the potential to produce over 175,000 ounces of gold annually based on the current development plan for Copperstone, Cerro de Oro [oxide gold project in northern Zacatecas] and Gold Rock.
The company has previously described Cerro de Oro as its second industry-leading low capital intensity build with an initial planned production profile of 60,000 ounces per year for eight years for under $30 million of initial capital
Mining Americas has said its strategy is to become a leading, U.S. focused intermediate gold producer by growing production at the Pan Operating Complex and developing its pipeline of low-capital projects while expanding gold resources across the portfolio.
In keeping with that goal, the company recently announced the results of a pre-feasibility study (PFS) on the past-producing Copperstone project. The PFS envisages an initial 6.3 year mine life, producing 290,000 ounces of gold with average annual production of 46,000 ounces at an all-in-sustaining cost of US$1,324 an ounce. Initial production is anticipated in mid-2027, more than doubling the company’s projected gold production from 46,000 ounces annually. The total initial capital cost is estimated at $58 million.
In the first quarter of 2026, the company reported record revenue of US$39.2 million, record earnings from mine operations of US$19.5 million, record net earnings of US$10.9 million ($0.10 per share), and record earnings before interest, tax, depreciation and amortization (EBITDA) of US$15.3 million.
Gold production in the first quarter was 8,734 ounces at a record average realized price of US$4,287 an ounce.