Minera Alamos (TSX V: MAI)
Provided an operations update and select financial highlights from the second quarter of 2024 as well as some guidance regarding improved operations activity so far during Q3. Continue reading
Tag Archives: Minera Alamos
Mining Review 10th December 2023
Mining Review 10th December 2023
Gold has retreated from the new all time high around $2,170, and is currently trading under $2,000 again, as rate cut anticipation wains after some stronger then expected US employment numbers.
Companies in the news this week included West Red Lake Gold Mines, and I sold Argosy Minerals and Minera Alamos from my personal portfolio. Continue reading
Sold Minera Alamos
Minera Alamos (TSX.V: MAI)
I have been a loyal shareholder of Minera for around three years now, and have made a profit from holding the stock, but there comes a time when you have to look at the performance against the objectives set by the company.
I am wary of the permit delays, and with an upcoming election, if they are not issued before, it may delay things for some time. I see other opportunities with less risk. Continue reading
Mining Review 26th November 2023
Mining Review 26th November 2023
i-80 Gold announced high grade results from their Cove Gold Project in an otherwise quiet week for news from our watchlist stocks.
The recent Global Mining Finance Conference was busy as it lead into the London Mining fortnight, with other conferences to follow. Continue reading
Portfolio Adjustment- Selling Minera Alamos
City Investors Circle
As we come to the end of 2023, it’s time to make some adjustments to my portfolio, and the watchlists.
I am selling Minera Alamos for a couple of reasons, the principal one being the dependance on the Cerro de Oro permit application, and the proximity of the Mexican election, which may delay it unless they can push it through. This makes MAI a bit of a binary bet on the short term, and I don’t like those one bit. Continue reading
Minera Alamos Closes Cerro de Oro Funding Package
Minera Alamos (TSX.V: MAI)
Announced that it has executed the definitive documentation for the previously announced Cerro de Oro funding package associated with the planned construction of the Cerro de Oro gold mine that is currently anticipated to begin next year. Continue reading
Mining Review 8th October 2023
Mining Review 8th October 2023
Higher US bond yields were the focus this week as they pushed gold lower, and then on Friday retreated a tad to allow gold to rise into the close.
Neometals issued an update on their Barrambie titanium and vanadium project, announcing they have failed to agree terms with Xinjiang for offtake, and have terminated discussions. Continue reading
Minera Alamos Announces MRE for Santana
Minera Alamos (TSX.V: MAI)
Announced the results of an independent estimate of the Mineral Resources currently outlined at the Santana gold project in Sonora, Mexico.
The Resource Estimate was prepared in accordance with National Instrument 43-101
Mining Review Sunday 3rd September
Mining Review 3rd September 2023
Gold rallied strongly during the week, after disappointing US economic data suggested the FED may have to call a halt to further interest rate rises sooner than expected, bring recession fears to the fore and interest rate cuts sooner than expected, all positive for gold.
Eloro and O3 Mining both reported good drill results during the week, and Gold Road Resources reported record profits for H1 2023. Continue reading
Market Review June 2023 Published
Market Review June 2023
The City Investors Circle Market Review for June 2023 has been published.
The review features comments on Marathon Gold, Gold Road Resources, Minera Alamos, and a few other companies. Continue reading
Mining Review 4th June
Mining Review 4th June 2023
Once again the price of gold is tumbling after renewed FED hawkish comments about further interest rate rises.
Comments on Ascot Resources, Gold Road Resources, Minera Alamos, Neometals and Pacgold. Continue reading
Minera Alamos Cerro de Oro Finance package Agreed
Minera Alamos (TSX.V:MAI)
Announced the conclusion of discussions with lenders regarding a funding package tailored for the limited capital requirements associated with the planned construction of the Cerro de Oro gold mine that is currently anticipated to begin next year. Continue reading
Mining Review 7th May 2023
Mining Review 7th May 2023
The FED rate hike dominated the markets this week, up .25% as gold fell on the news, later recovering a little.
American Creek, Cartier Resources, Eloro, Goldshore, and Minera Alamos all made news this week. Continue reading
Minera Alamos earns $5.6-million in 2022
Minera Alamos Inc. (TSX.V: MAI)
Provided selected financial highlights from its 2022 annual financial statements and MD&A (management’s discussion and analysis) filed on SEDAR on May 1, 2023. Continue reading
Minera Alamos Update disappoints
Minera Alamos (TSX.V: MAI)
Updated the market for the fourth quarter 2022, and the news was not as good as expected.
Minera have been plagued with a lack of water issue preventing normal operation at Sentana. This caused a big miss on guidance. The company reamins well funded. Continue reading
Mining Review 22nd January 2023
Mining Review 22nd January 2023
Copper is up as once again supply concerns emerge as more protests erupt in Peru, constraining production in the second largest exporting country.
Ascot Resources, Calidus Resources, Impact Minerals, Minera Alamos, Orla Mining, and TriStar Gold made news this week.
Minera Alamos files Cerro de Oro PEA
Minera Alamos (TSX.V: MAI)
Filed the results of the independent preliminary economic assessment (PEA) titled “NI43-101 Technical Report, Preliminary Economic Assessment and Mineral Resource Estimate for the Cerro de Oro Gold Project, Zacatecas, Mexico” on SEDAR. Continue reading
Gold up and some of Our Stocks are Lively
City Investors Circle
The first few days of the new year have started well for precious metals, with gold and silver up and trading strongly.
Some of our watchlist stocks have had a good first week, with i-80 Gold, Karora Resources, Minera Alamos, and Orla Mining all rising strongly. Continue reading
Mines and Money London Day 2
Mines and Money Day 2
A much quieter day attendance wise, so easier to get occasional random chats.
I met a diverse group of companies at the show, including a couple I hold, mainly Minera Alamos, and Eloro, plus a few I have been considering investing in, namely Barton Gold, and Skeena. Continue reading
Mining Review Weekly Update
Mining Review 9th October 2022
A better week for gold despite US bond yields still going up, and the yield curve remains inverted, although it slimmed down a tad.
Argosy Minerals, Cabral Gold, Lefroy Exploration, and Minera Alamos all made positive news releases this week. Continue reading