Business
Minera Alamos Reports First Quarter 2026 Results, Setting Quarterly Records for Revenue of US$39.2 Million, Earnings of US$10.9 Million, and EBITDA of US$15.3 Million
Toronto, Ontario--(Newsfile Corp. - May 25, 2026) - Minera Alamos Inc. (TSXV: MAI) (OTCQX: MAIFF) ("Minera Alamos" or the "Company") is pleased to announce unaudited financial and operating results for the three months ended March 31, 2026 ("first quarter" or "Q1 2026"). As of January 1, 2026, the Company changed its reporting currency from Canadian dollars to United States dollars. Therefore, results are presented in U.S. dollars unless otherwise stated. For details of the consolidated...
About this update from Minera Alamos Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 25, 2026) - Minera Alamos Inc. (TSXV: MAI) (OTCQX: MAIFF) ("Minera Alamos" or the "Company") is pleased to announce unaudited financial and operating results for the three months ended March 31, 2026 ("first quarter" or "Q1 2026"). As of January 1, 2026, the Company changed its reporting currency from Canadian dollars to United States dollars. Therefore, results are presented in U.S. dollars unless otherwise stated. For details of the consolidated Financial Statements and Management's Discussion and Analysis, please see the Company's filings at www.mineraalamos.com or on SEDAR+ at www.sedarplus.ca.","length":713,"tagName":"p"},{"type":"text","content":"First Quarter 2026 Highlights","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Record revenue of $39.2 million, record earnings from mine operations of $19.5 million, record net earnings of $10.9 million ($0.10 per share), and record EBITDA1 of $15.3 million.","length":180,"tagName":"p"}]},{"val":[{"type":"text","content":"Ended Q1 2026 with cash and cash equivalents of $45.5 million and working capital of $88.9 million.","length":99,"tagName":"p"}]},{"val":[{"type":"text","content":"Gold production of 8,734 ounces, record gold sales of 9,134 ounces at record average realized price of $4,287 per ounce.","length":120,"tagName":"p"}]},{"val":[{"type":"text","content":"Total cash costs1 of $1,659/oz gold sold and all-in sustaining costs1 ("AISC") 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.","length":246,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":645,"olType":false},{"type":"text","content":"1 Refer to the "Non-IFRS Measures" in this release and associated MD&A for a description of these measures.","length":121,"tagName":"p"},{"type":"text","content":"Minera Alamos CEO, Darren Blasutti, commented, "We are pleased with our first quarter 2026 results marking a strong start to the year by setting new records for revenue, earnings, and EBITDA. In addition, the Pan mine total cash costs and AISC came in below the lower end of our annual cost guidance ranges, showing continued, disciplined...