Mining Americas Inc. Reports Second Quarter 2026 Gold Production
Minera Alamos increased its Pan mine mining rate to 80,000 tonnes per day in the second quarter, though cash costs dipped by $2 million due to growth spending.
Mining Americas Inc. reported second-quarter 2026 gold production of 8,137 ounces from its 100%-owned Pan mine in Nevada, a figure in line with its internal budget. Gold sales for the period totaled 8,249 ounces, bringing year-to-date production to 16,871 ounces.
The company maintained its full-year guidance of 32,000–38,000 ounces, anticipating higher output in the second half of 2026 as mining rates have increased to over 80,000 tonnes per day, up from approximately 55,000 tonnes per day previously. This ramp-up followed the introduction of a new contractor at the start of 2026. A modest decrease in mined grade occurred due to additional pushbacks near the limits of mineralized zones.
At June 30, 2026, the company’s cash balance stood at $44 million, down from $46 million on March 31, 2026. The decrease was driven by increased waste stripping, an annual tax instalment, a bonding payment for Gold Rock, and accelerated Copperstone project expenditures. Full second-quarter financial and operating results will be released in mid-August 2026.
Minera Alamos Inc. (MAI) released an update containing no new guidance, cost metrics, or revisions to expectations. Production was slightly below the pace seen in the first quarter but remains fully consistent with the internal mine plan. The company expects a cash draw of $2 million, a figure attributed to its growth spending profile and one-off tax and bonding payments. There is no indication of operational distress or slippage.
Minera Alamos Inc. (ticker MAI) is a U.S.-focused gold producer operating its flagship Pan complex in Nevada, an open-pit, heap-leach facility guided for 32–38 koz Au in 2026. The company’s growth pipeline includes the permitted Copperstone underground mine in Arizona, which is currently in the construction phase and expected to produce its first gold in mid-2027 with an average of 46 koz/yr. Additional development-stage assets include the Gold Rock deposit, located adjacent to Pan, which has the potential to produce 35–45 koz/yr, and the Cerro de Oro heap-leach project in Mexico, averaging 58 koz/yr. The company also holds the Santana and La Fortuna projects in Mexico, with a strategy targeting organically funded production growth toward 170–185 koz Au across the portfolio.