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Minera Alamos completes acquisition of Sabre Gold Mines Corp. to accelerate Copperstone Gold Mine production

PRIVATEFeb 07, 2025

Acquiring Company

Minera Alamos

Acquired Company

Sabre Gold Mines

TorontoVancouverOtherMiningMiningPrecious MetalsMineral

Description

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.

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Company Information

Company

Minera Alamos

Location

55 York St., Suite 402

Toronto, Ontario, Canada

About

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.

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Frequently asked

Who acquired Sabre Gold Mines?

Sabre Gold Mines was acquired by Minera Alamos, based in Toronto. The deal was reported on February 7, 2025. Minera Alamos is a gold developer/producer with its first low capex mine, Santana, continuing to work through its start-up development. Minera Alamos is privately held and operates in Other.

When did Minera Alamos acquire Sabre Gold Mines?

Minera Alamos's acquisition of Sabre Gold Mines was reported on February 7, 2025. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Sabre Gold Mines do?

It is privately held, operating in Mining, and is based in Vancouver.

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