Minera Alamos Posts Q1 Revenue of $39.2M, Net Earnings $10.9M and Secures $75M Credit Facility
Minera Alamos reported record Q1 2026 revenue of $39.2M and net earnings of $10.9M while ending the quarter with $45.5M cash. The company secured a US$75M revolving credit facility and greenlit fast-track construction of Copperstone after a PFS showing a 5% after-tax NPV of $374M and 108% IRR.
1. Q1 Financial Performance
Minera Alamos delivered record first-quarter results with revenue of $39.2 million, net earnings of $10.9 million ($0.10 per share) and EBITDA of $15.3 million. The company sold 9,134 ounces of gold at an average realized price of $4,287 per ounce, driving significant year-over-year growth.
2. Enhanced Liquidity and Credit Facility
The company closed a US$75 million revolving credit facility, drawing an initial US$45 million to repay existing debt and fund growth projects without equity dilution. Minera Alamos ended Q1 with $45.5 million in cash and $88.9 million in working capital, bolstering its balance sheet strength.
3. Copperstone Gold Project Advancement
A positive pre-feasibility study for the Copperstone Gold Project in Arizona showed a 5% after-tax NPV of $374 million at a $3,500/oz gold price, an IRR of 108% and a 1.2-year payback period. The board approved a fast-track construction plan targeting initial production in mid-2027.
