Americas Mining Company (maybe-TSX, Maeve-OTCQX, a company that recently changed its name from Minera Alamos Inc., said its shares began trading today on the Toronto Stock Exchange. Concurrent with the graduation to the TSX, the shares were delisted from the TSX Venture Exchange.
On Friday, the stock was unchanged at $5.37 and is trading in a 52-week range of $7.50 to $3.20.
Mining Americas is a growing gold production and development company in North America with projects in Nevada, Arizona and Mexico. Its asset portfolio includes the Pan operating complex in White Pine County, Nevada, which consists of the Pan mine and the adjacent permitted Gold Rock Project.
The company also owns the Cooperstone Project in La Paz County, Arizona, which is a permitted advanced underground gold project. Assets in Mexico include the Cerro de Oro project, an open-pit gold development in northern Zacatecas.
The company was in the news last year when it agreed to acquire Caliber USA Holdings Ltd Equinox Gold Company (EQX-TSX, EQX-NYSE) for $115 million. Caliber USA has a 100% interest in the production of the Pan Gold Mine, Gold Rock Project and Illipah in Nevada. Pan is a heap gold washing process that produces 40,000 ounces, generating strong cash flow, given the current record gold price environment.
Following the transaction, Minera said the asset base, when fully developed, will have the capacity to produce more than 175,000 ounces of gold per year based on the current development plan for Cooperstone, Cerro de Oro (Northern Zacatecas gold oxide project) and Gold Rock.
The company previously described Cerro de Oro as the industry’s second-leading low-capital-intensive buildout with a planned initial production profile of 60,000 ounces per year for eight years with less than $30 million of initial capital.
Mining Americas said its strategy is to become a leading US-focused intermediate gold producer by increasing production at the Pan operating complex and developing its pipeline of low-capital projects while expanding gold resources across the portfolio.
In line with this goal, the company recently announced the results of a pre-feasibility study (PFS) for its past-producing Cooperstone project. The PFS program envisions an initial mine life of 6.3 years, producing 290,000 ounces of gold with an average annual production of 46,000 ounces at a sustainable cost of US$1,324 per ounce. Initial production is expected in mid-2027, more than doubling the company’s expected gold production of 46,000 ounces annually. The total initial capital cost is estimated at $58 million.
In the first quarter of 2026, the company reported record revenues of $39.2 million, record earnings from mining operations of $19.5 million, record net earnings of $10.9 million ($0.10 per share), and record earnings before interest, taxes, depreciation and amortization (EBITDA) of $15.3 million.
Gold production in the first quarter was 8,734 ounces at a record average price of US$4,287 per ounce.
