Minera Alamos Reports First Quarter 2026 Gold Production of 8,734 Ounces; Cash Balance Increased to $46 Million
Minera Alamos Reports First Quarter 2026
Gold Production of 8,734 Ounces; Cash
Balance Increased to $46 Million
Toronto, Ontario--(Newsfile Corp. - April 13, 2026) - Minera Alamos Inc.
(TSXV: MAI) (OTCQX: MAIFF)
("
Minera Alamos
" or the "
Company
") is pleased to announce preliminary operational results for the
three months ended March 31, 2026 (the "first quarter 2026" or "Q1 2026") from the Company's 100%-
owned Pan gold mine in White Pine County, Nevada ("
Pan mine
"). All amounts are stated in United
States dollars, unless otherwise stated.
Minera Alamos CEO, Darren Koningen, commented,
"First quarter gold production of 8,734 ounces
represents yet another consistent quarter of output from the Pan mine in Nevada, where we have now
cumulatively produced 18 thousand ounces since acquiring the mine on October 1, 2025. We ended
the first quarter with $46 million in cash, and when combined with ongoing cash flow from the Pan
mine and added liquidity from the recently executed term sheet for a $75 million revolving credit
facility from Scotiabank and National Bank, we expect to have ample funds to advance our growth
portfolio of low capital intensity projects."
The Pan mine produced 8,734 ounces of gold and sold 9,134 ounces in Q1 2026. Production guidance
for the full-year 2026 remains unchanged at between 32,000 and 38,000 ounces of gold.
The Company's unrestricted cash balance (unaudited) increased to $46 million as of March 31, 2026,
compared to $34 million on December 31, 2025.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved
by Mr. Darren Koningen, P.Eng., Minera Alamos' CEO, who is the Company's Qualified Person under
National Instrument 43-101.
About Minera Alamos
Minera Alamos is a growing North American gold production and development company with projects in
Nevada, Arizona, and Mexico. The Company owns the Pan Operating Complex in White Pine County,
Nevada, comprised of the producing Pan heap leach gold mine and the adjacent permitted Gold Rock
Project, as well as the nearby past-producing Illipah project. The Company also owns the Copperstone
Mine and associated infrastructure in La Paz County, Arizona, a permitted, advanced development gold
project. The Company maintains a portfolio of high-quality Mexican assets, including the Cerro de Oro
open pit gold project in northern Zacatecas which has considerable past drilling and metallurgical work
completed and is currently being guided through the permitting process by the Company and its
permitting consultants. Other Mexican projects owned by the Company include the Santana open-pit,
heap-leach gold mine in Sonora and the PEA-stage, permitted La Fortuna open pit gold project in
Durango. The Company's strategy is to become a leading, Americas-focused intermediate gold
producer by growing production at its Pan Operating Complex and developing its pipeline of high-
quality, low-capital projects while expanding gold resources across its portfolio.
For Further Information Please Contact:
Darren Blasutti, EVP Corporate Development
416-306-0990 ext 208
David Stewart, VP Capital Markets & Strategy
647-294-8361
Website:
www.mineraalamos.com
Caution Regarding Forward-Looking Statements
This press release includes certain "forward-looking information" within the meaning of applicable
Canadian securities legislation. All information herein, other than information of historical fact, constitutes
forward-looking information. Forward-looking information is frequently, but not always, identified by
words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and
similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should"
occur or be achieved. This information is based on information currently available to Minera Alamos and
Minera Alamos provides no assurance that actual results will meet management's expectations.
The forward-looking information is based on assumptions and addresses future events and conditions
that, by their very nature involve inherent risks and uncertainties. Actual results could differ materially from
those currently anticipated in forward-looking information for many reasons. Minera Alamos' financial
condition and prospects could differ materially from those currently anticipated in forward-looking
information for many reasons such as: an inability to receive requisite permits for mine operation,
exploration or expansion; an inability to finance and/or complete updated resource and reserve
estimates and technical reports which support the technical and economic viability of mineral production;
changes in general economic conditions and conditions in the financial markets; changes in demand
and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and
competitive developments; technological and operational difficulties encountered in connection with
Minera Alamos' activities; and other matters discussed in this press release and in filings made with
securities regulators. This list is not exhaustive of the factors that may affect any of Minera Alamos'
forward-looking information. These and other factors should be considered carefully, and readers should
not place undue reliance on Minera Alamos' forward-looking information. Minera Alamos does not
undertake to update any forward-looking information that may be made from time to time by Minera
Alamos or on its behalf, except in accordance with applicable securities laws.
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TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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