Gold$2,045.30+0.52%
Silver$23.84-0.18%
Copper$3.85+1.23%
Platinum$912.40-0.33%
Iron Ore$118.50+2.14%
Nickel$16,892-0.89%
Minera Alamos Inc. logo

Minera Alamos Inc.

MAI.VSmall CapGold

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About Minera Alamos Inc.

Minera Alamos Inc. (MAI.V) is a gold mining company listed on the TSX Venture Exchange (TSXV). Our project database tracks 11 projects for Minera Alamos Inc. with technical and economic data extracted from company filings. Its flagship Copperstone Project (Pre-Feasibility) carries an after-tax NPV of $421M and an IRR of 111% over a 6.3-year mine life.

Minera Alamos owns and develops gold projects in Mexico, including the Santana mine in Sonora which achieved commercial production. The company is advancing its portfolio of heap-leach gold projects toward production in Mexico's prolific gold belt.

Primary Commodities

Gold

Project Economics

Copperstone Project

Gold· La Paz County, Arizona, USA· Construction
Pre-Feasibility
Sep 2026
NPV (After-Tax) @ 5%$421M
IRR (After-Tax)111%
Initial Capex$57M
Payback1.1 yrs
AISC1,338 USD/oz
Mine Life6.3 yrs
Annual Production46 koz Au
Mine TypeUnderground
Mineral Reserves
Total Proven & Probable: 1,934 kt at 4.87 g/t Au containing 303 koz Au
Mineral Resources
Total M&I: 4,054 kt at 4.83 g/t Au containing 630 koz Au; Inferred: 401 kt at 4.04 g/t Au containing 52 koz Au

Pan Operating Complex

Gold· White Pine County, Nevada, USA· Production
Production
2026
Mine TypeOpen-pit
Mineral Reserves
P&P Reserves 2025: 222 koz at 0.32 g/t
Mineral Resources
M&I Resources (incl. P&P): 240 koz at 0.33 g/t; Plus additional 33 koz of recoverable heap leach inventory

Pan Mine (Pan Operating Complex)

Gold· Nevada, White Pine County, USA· Production
Production
NPV (Pre-Tax)$197M
AISC1,697 USD/oz
Annual Production35 koz Au
Head Grade0.35 g/t Au
Mine TypeOpen-pit, heap leach
Ownership100%
Mineral Reserves
P&P Reserves 2025: 222 koz at 0.32 g/t
Mineral Resources
M&I Resources (incl. P&P): 240 koz at 0.33 g/t; Plus additional 33 koz of recoverable heap leach inventory

Santana Project

Gold· Sonora, Mexico· Development

Pan Mine

Gold· Nevada, USA· Production
Production
Mar 2026
AISC1,925 USD/oz
Annual Production35 koz Au
Head Grade0.35 g/t
Mine TypeOpen-pit
Ownership100%
Contained Metal240 koz Au
Mineral Reserves
222 koz at 0.32 g/t Au (Proven & Probable)
Mineral Resources
240 koz at 0.33 g/t Au (Measured & Indicated, incl. P&P); plus 33 koz recoverable heap leach inventory

Los Verdes

Copper· Mexico, Sonora State· Exploration
PEA
Ownership100%

Suaqui Verde

Copper· Mexico, Sonora State· Exploration
Ownership100%

Cerro de Oro Project

Gold· Zacatecas, Mexico· Development
PEA
Jan 2023
NPV (After-Tax) @ 5%$151M
Initial Capex$28M
AISC873 USD/oz
Mine Life8.2 yrs
Annual Production58 koz Au
Head Grade0.37 g/t Au (at $1,600/oz); 0.35 g/t Au (at $1,900/oz)
Recovery68%
Mine TypeOpen-pit
Strip Ratio0.30:1
Mineral Resources
Inferred MRE at $1,600/oz Au: 67 Mt grading 0.37 g/t Au containing 790 koz Au; Inferred MRE at $1,900/oz Au: 78 Mt grading 0.35 g/t Au containing 865 koz Au
Royalties / Streams
None stated

Gold Rock Project

Gold· Nevada, USA· Development
PEA
Apr 2021
Mine Life6.5 yrs
Annual Production55 koz Au
Mine TypeHeap leach (open pit)
Ownership100%
Mineral Resources
Indicated resource of 403 koz at 0.66 g/t Au; Inferred resource of 84 koz at 0.87 g/t Au

La Fortuna

Gold· Mexico, Durango State· Development
PEA
Jul 2018
NPV (After-Tax) @ 7.5%$70M
IRR (After-Tax)93%
Initial Capex$27M
Payback0.9 yrs
AISC440 USD/oz
Mine Life5 yrs
Annual Production50,000 oz Au Eq
Head Grade3.68 g/t Au
Recovery90%
Mine TypeOpen-pit
Ownership100%
Contained Metal309,800 oz Au
Mineral Resources
Measured & Indicated: 3,469,700 t at 2.78 g/t Au, 16.5 g/t Ag, 0.22% Cu for 309,800 oz Au, 1,842,200 oz Ag, 7,600 t Cu; Inferred: 156,300 t at 1.72 g/t Au, 8.5 g/t Ag, 0.09% Cu for 8,600 oz Au, 42,700 oz Ag, 100 t Cu

Los Verdes Cu/Mo Project

Copper/Molybdenum· Exploration
PEA
May 2012

Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.

How the Economics Evolved

Gold Rock Project

4 studies on record
PEA
Apr 2021
PEA
Apr 2021
PEA
Apr 2021
PEA
Apr 2021

Cerro de Oro Project

4 studies on record
PEA
Jan 2023
$718M
Capex $28M
PEA
Jan 2023
$151M(-79%)
Capex $28M
PEA
Jan 2023
$151M
Capex $28M
PEA
Jan 2023
Capex $28M

Pan Mine (Pan Operating Complex)

2 studies on record
Production
Mar 2026
Production

Copperstone Project

4 studies on record
Pre-Feasibility
May 2026
$374M
IRR 108% · Capex $58M
Pre-Feasibility
Sep 2026
$421M(+13%)
IRR 111% · Capex $57M
Feasibility
Sep 2026
$341M(-19%)
IRR 111% · Capex $57M
Pre-Feasibility
Sep 2026
$341M
IRR 111% · Capex $57M

Economics as disclosed in each successive study. NPV shown in US$ where a currency conversion is available (at each study's own period rate), else in the study's stated currency. Verify against the source filings.

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Frequently Asked Questions

What does Minera Alamos Inc. mine?
Minera Alamos Inc. is focused on Gold.
What is the economic value of Minera Alamos Inc.'s Copperstone Project?
According to its Pre-Feasibility, Copperstone Project has an after-tax NPV of $421M and an IRR of 111%.
What exchange is Minera Alamos Inc. listed on?
Minera Alamos Inc. trades under the ticker MAI.V on the TSX Venture Exchange (TSXV).
How many projects does Minera Alamos Inc. have?
We track 11 projects with extracted technical and economic data for Minera Alamos Inc.

Project Analysis

Quick Facts

Ticker Symbol
MAI.V
Market Cap
Small Cap
Category
Gold
Commodities
Gold

This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.

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