Minera Alamos (MAI.V) has released the 2026 guidance for its flagship Pan gold mine in Nevada. The company now expects to produce 32,000-38,000 ounces of gold at an all-in sustaining cost of $1850-2000 per ounce. At the current gold price, the net margins will of course be very attractive and this will help to fund the US$13.5M in non-sustaining capex that will be spent in 2026. That non-sustaining capex is predominantly related to capitalized stripping and pre-stripping activities.
Meanwhile, the company’s technical team continues to work on mine planning optimizations to evaluate the impact of higher gold prices, and this could be the prelude for higher mining rates. And at the same time, Minera Alamos is looking into integrating the Gold Rock deposit in the Pan operations. Gold Rock is located just 10 kilometers from the Pan mine and could perhaps be seen as an interesting satellite deposit that could enhance the Pan operations.
Disclosure: The author has no position in Minera Alamos. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
