Minera Alamos

In the world of junior mining, the playbook is often to find a project, prove its value, and sell it. Minera Alamos chose a different path. The company's modern story crystalized in 2018 through a significant event: a merger of equals with Corex Gold. This wasn't just a corporate transaction; it was a reunion of a proven mine-building team, including CEO Darren Koningen, who had a track record of successfully bringing mines into production. The merger created a well-funded, multi-asset gold development company focused on Mexico, with a clear strategy: acquire and develop low-capital projects to quickly generate cash flow. This approach was championed by Koningen and President Doug Ramshaw, who focused on disciplined growth and operational expertise. The first major step was advancing the newly acquired Santana project, which successfully poured its first gold in 2021. With cash flow from its initial mine, Minera Alamos began executing the next phase of its strategy: accretive acquisitions. In late 2024, the company announced a deal to acquire Sabre Gold Mines, adding the past-producing Copperstone project in Arizona. This move diversified its portfolio into the United States, adhering to its model of targeting low-cost, advanced-stage assets. The most transformative event came in August 2025. Minera Alamos announced the acquisition of Calibre USA Holdings from Equinox Gold for $115 million. This deal added a producing gold mine complex in Nevada, instantly scaling the company's production and cash flow. From a strategic merger to a multi-mine operator, Minera Alamos has demonstrated a disciplined journey of building a production-focused company, one acquisition at a time.