Minera Alamos Inc

Minera Alamos is an America’s focused gold producer with an enviable permitted project development pipeline of low capital intensity gold mines that can be funded and developed from the cashflow generated from its producing Pan gold mine in Nevada, US. The Pan Complex that includes the federally permitted Goldrock development project (8km from Pan) is the cornerstone asset of the Company, which prior to its Q4 2025 acquisition from Equinox Gold had guided production of 30,000-40,000 oz of production for 2025 at a range of US$1,600-$1,700/oz AISC. In addition to the permitted Goldrock asset, the Company is advancing the permitted Copperstone gold mine in Arizona, a brownfields restart capturing both a low capital startup and a low cost production profile. Beyond the three core US based gold assets, the Company has a portfolio of high-quality Mexican assets, including the 100%-owned Cerro de Oro oxide gold project in northern Zacatecas that has considerable past drilling and metallurgical work completed and is in the permitting process. The La Fortuna open pit gold project in Durango (100%-owned) has a robust and positive preliminary economic assessment (PEA) completed and the main Federal permits in hand. The 100%-owned Santana gold mine in Sonora is viewed as non-core following the Equinox transaction and options for its sale are being considered by the Company.