Minera Alamos Acquires Sabre Gold: A Promising Addition to Their Growing Portfolio

Copperstone adds additional near-term production potential to existing growth profile

Toronto, Ontario–(Newsfile Corp. – October 28, 2024) – Minera Alamos Inc. (TSXV: MAI) (OTCQX: MAIFF) (“Minera Alamos”) and Sabre Gold Mines Corp. (TSX: SGLD) (OTCQB: SGLDF) (“Sabre Gold”) are pleased to announce that they have entered into a definitive agreement, signed on October 27th, 2024, (the “Agreement”) whereby Minera Alamos will acquire all of the issued and outstanding shares of Sabre Gold (“Sabre Gold Shares”) pursuant to a plan of arrangement (the “Transaction”), further enhancing Minera Alamos’ position as a growth oriented gold producer.

Transaction Highlights

Creation of a Diversified North American Gold Producer Platform – Beyond the Santana gold mine operations (Sonora, Mexico), the addition of Copperstone (Arizona, US) helps provide visibility to a further 150koz of annual gold production in premier mining jurisdictions in North America.

Acquisition of Past Producing Copperstone Mine – Sabre’s flagship asset produced a total of 514,000 oz of gold from 1987 to 1993.

With the acquisition of Sabre Gold Mines Corp., Minera Alamos Inc. is poised to significantly enhance its gold production capabilities. The Copperstone mine in Arizona adds substantial near-term production potential to Minera Alamos’ existing growth profile. This strategic move allows Minera Alamos to diversify its operations and establish a strong presence in North America’s premier mining jurisdictions, further solidifying its position as a reputable gold producer.

The Copperstone mine, a past producing asset of Sabre Gold Mines Corp., has a proven track record of gold production, having yielded a total of 514,000 ounces of gold from 1987 to 1993. This acquisition not only expands Minera Alamos’ portfolio but also provides a platform for sustained growth and profitability in the gold mining sector.

How will this affect me?

As a shareholder or investor in Minera Alamos Inc. or Sabre Gold Mines Corp., this acquisition could potentially lead to increased value and growth opportunities. The addition of the Copperstone mine to Minera Alamos’ assets may contribute to enhanced financial performance and operational efficiency, which could reflect positively on shareholder returns.

How will this affect the world?

The consolidation of Minera Alamos Inc. and Sabre Gold Mines Corp. signifies a strengthening of the gold mining industry, particularly in North America. By combining resources and expertise, the newly formed entity is better positioned to meet global demand for gold and contribute to the overall stability of the market. Additionally, the sustainable and responsible mining practices employed by Minera Alamos can have a positive impact on environmental conservation and social development in the regions where they operate.

Conclusion

The acquisition of Sabre Gold Mines Corp. by Minera Alamos Inc. marks a significant milestone in the gold mining sector, with the addition of the Copperstone mine enhancing the growth potential of the combined entity. This strategic move not only benefits shareholders and investors but also has broader implications for the global gold market, signaling a commitment to sustainable mining practices and continued industry innovation.

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