Minera alamos announces acquisition of sabre gold

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.
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