Minera Alamos Completes Pan Operating Complex Integration Ahead of Schedule and Provides 2026 Production and Cost Guidance

Core Viewpoint - Minera Alamos Inc. has successfully integrated the Pan Operating Complex ahead of schedule and provided production and cost guidance for 2026, indicating stable gold production despite increased waste stripping and costs [1][3][8]. Business Integration and Optimization - The integration of the Pan mine into Minera Alamos has been completed approximately three months ahead of schedule, with all corporate legal structures and financial systems transferred [4][6]. - A new mining contractor, Turner Mining Group, has been mobilized to the site, enhancing mining productivity and setting the stage for future expansion [4][6]. - The initial base case plan for the 2026 Pan mine has been completed, with further optimizations underway to leverage higher gold prices [5][6]. Production and Cost Guidance for 2026 - Gold production is projected to be between 32,000 and 38,000 ounces, maintaining similar levels to 2025 production of 35,303 ounces [8]. - Cash costs are expected to range from US$1,750 to US$1,900 per ounce, with all-in sustaining costs (AISC) projected between US$1,850 and US$2,000 per ounce [9]. - Mining rates are forecasted to increase by approximately 40% throughout 2026 due to the benefits of the new contractor and equipment [8]. Capital Expenditures - The company plans to spend approximately $1.5 million on sustaining capital expenditures, primarily for additional surface equipment [9]. - A significant non-sustaining capital expenditure of about $13.5 million is forecasted for capitalized stripping activities at the Pan mine [10]. Future Development - Mine development studies are underway for the Gold Rock deposit, which is located 7 miles southeast of the Pan mine, with potential integration into the POC to boost gold production as early as 2027 [7][8]. - The Gold Rock deposit contains 403,000 ounces of gold in indicated resources and 84,000 ounces in inferred resources [7].