Minera Alamos completes acquisition of Sabre Gold Mines Corp. to accelerate Copperstone Gold Mine production
Minera Alamos completes acquisition of Sabre Gold Mines Corp. to accelerate Copperstone Gold Mine production
02/07/25, 1:15 PM
Location
torontovancouverIndustry
mining
mineral
precious metals
mining
Minera Alamos Inc. highlights the completion of its acquisition of Sabre Gold Mines Corp., which provides a direct and accelerated pathway to bring the Copperstone Gold Mine into production in the first half of 2026. The acquisition signifies Minera Alamos' commitment to achieving gold production within established timelines and cost estimates, leveraging existing infrastructure to offset inflationary pressures, and diversifying its exposure to a portfolio of operating and development-stage projects.
Company Info
Location
55 york st., suite 402
Toronto, Ontario, Canada
Company info
Minera Alamos is a gold developer/producer with its first low capex mine, Santana, continuing to work through its start-up development. A planned permit amendment that is awaited should allow production level to stabilize at initial planned rates. In addition, the Company is advancing its second planned mine, Cerro de Oro, through the permitting process. The 100%-owned Cerro de Oro oxide gold project in northern Zacatecas had a PEA completed in 2022 and a debt/royalty funding package in place in 2023 ahead of receipt of permits. The project is our second industry leading low capital intensity build with an initial planned production profile of 60,000 oz/y over 8 years for sub $30 million of initial capital. The La Fortuna open pit gold project in Durango (100%-owned) has an extremely robust and positive preliminary economic assessment (PEA) completed and the main Federal permits in hand.