Minera Alamos Secures US$75M Revolver, Retires Auramet Debt on 10,830 Ounces
BNS•Minera Alamos closed a US$75M revolver facility with Scotiabank and National Bank, drawing US$45M to retire Auramet debt tied to 10,830 ounces of gold forward sales at US$2,100. It extends debt maturity to May 2029 while funding Copperstone, Gold Rock and Cerro de Oro exploration without equity dilution.
1. Facility Closing
Minera Alamos completed a US$75 million revolver facility with Scotiabank and National Bank on May 26, 2026, featuring an initial US$45 million drawdown subject to a US$50 million limit pending post-closing conditions.
2. Refinancing Impact
The drawdown repays Auramet debt tied to a 7,830-ounce gold prepayment and 3,000-ounce forward sales contract, restoring pricing exposure for all 10,830 ounces at US$2,100 per ounce.
3. Exploration Funding
Undrawn facility funds and increased liquidity will accelerate development of Copperstone underground, Gold Rock heap leach and Cerro de Oro projects without issuing new shares.
4. Debt Maturity Extension
The facility extends debt maturity to May 2029, aligning repayment with higher projected gold output from the growth portfolio and optimizing the balance sheet for future expansion.
