September 9, 2021 Minera Alamos Inc. (TSXV:MAI, BUY, C$1.00 target, David A. Talbot) provided an update on the ongoing ramp-up of mining operations at its 100%-owned
July 22, 2021 Minera Alamos Inc. (TSXV:MAI, BUY, C$1.00 target, David A. Talbot) provided an operational update on its 100%-owned Santana project in Sonora state, Mexico.
June 22, 2021 Minera Alamos Inc. (TSXV:MAI, BUY, C$1.00 target, David A. Talbot) announced an operations update on its 100%-owned Santana project in Sonora, Mexico. Construction
May 21, 2021 Minera Alamos Inc. (TSXV:MAI, BUY, C$1.00 target, David A. Talbot) announced that it has completed its first production blasts at the Nicho
April 1, 2021 Minera Alamos Inc. (TSXV:MAI, BUY, C$1.00 target, David A. Talbot) provided a construction update for its 100%-owned, Santana Au project located in
As a result of adding a new analyst, we are transferring the following coverage.
Minera Alamos announced it has finalized definitive agreements with arms length parties to acquire 100% of the Cerro de Oro gold project comprising the Zacatecas I and Zacatecas II concessions near Concepcion del Oro, Zacatecas, Mexico. The project provides the company with a low-holding cost third asset to its development pipeline, providing a development path to becoming a +150k oz per year producer. In our view, the acquisition is positive for a stock that we expect to undergo the developer to producer re-rating as it progresses towards production at its first project in late 2020/early 2021.
Minera Alamos released additional drill results from its Phase 2 drill program at its 100%-owned Santana gold project in Mexico. The drill program has intersected additional ore grade mineralization to the south-southwest and supports our recently increased resource estimate for Santana. In our view, this exploration success is positive for a stock that we expect to undergo the developer to producer re-rating as it progresses towards production in late 2020.
As we anticipated, the massive liquidity injections and stimulus packages being introduced have started to drive gold and gold equities higher. We believe it is now time for investor to focus on smaller producers and large developers. If you had bought an equal-weighted basket of the larger companies we recommended in our previous note, it would have returned 60% (Top 3), and 68% (Wider Group). Based on history, we believe there are better returns to be made with smaller companies as this bull market matures. We are updating our “Precious Metals Hoarding List” and the junior producers that screened the best based on our criteria (Appendix A) are: Serabi Gold (TSX:SBI, not covered), Argonaut Gold (TSX:AR, not covered) and RNC Minerals (TSX:RNX, BUY, C$1.30 target, Derek Macpherson).
Minera Alamos released an additional batch of results from its ongoing Phase 2 drill program at its 100%-owned Santana gold project in Mexico. The drill program, originally designed to define the outer limits of the proposed Nicho pit, intersected what looks to be the extension of ore grade mineralization to the south-southwest (Figure 1). Our View – We see 25% in resource potential at Santana and have increased our Target Price to $0.70 on these results. In the near-term, we expect COVID-19 related construction delays. However, these delays do not alter our thesis and we expect the stock to re-rate as first production nears.