Mining Americas Inc. (MAI) Financials
TSX: MAI · Gold, Silver, Molybdenum · Production stage
- Market cap$423.2M
- Share price$3.84
- 52-week range$3.60 – $7.50
- Shares outstanding110,215,678
- ExchangeTSX
- Websiteminingamericas.gold
Minera Alamos Inc. functions as a junior exploration enterprise, concentrating on the acquisition, investigation, and development of mineral properties throughout Mexico. The company's efforts are directed towards uncovering deposits rich in gold, silver, molybdenum, and copper. Its portfolio includes several key assets: the entirely owned Santana project, which comprises nine mining claims across approximately 3,100 hectares situated in southeastern Hermosillo, Sonora; the fully owned Cerro de Oro project, covering 6,500 hectares in Zacatecas, Mexico; and the wholly owned La Fortuna project, encompassing 6,100 hectares within Mexico's Durango State. Originally incorporated in 1934 under the name Virgin Metals Inc., the company rebranded to Minera Alamos Inc. in April 2014 and is headquartered in Toronto, Canada.
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Mining Americas Inc. financial statements
Key figures read from 42 of 42 financial statement filings, Nov 29, 2016 to Aug 17, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| Dec 2025 thousands | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$60,255 | — | C$13,754,272 | C$13,153,828 | C$7,042,790 |
| Short-term investments | — | — | — | C$0 | C$2,336,400 |
| Total current assets | C$178,259 | C$26,654,016 | C$27,966,854 | C$27,580,249 | C$11,678,567* |
| Total current liabilities | — | — | C$7,998,754 | C$9,296,013 | C$4,048,013 |
| Working capital | — | — | C$19,968,100 | C$18,284,236 | C$7,630,554 |
| Exploration and evaluation assets | C$147,159 | — | C$22,282,025 | C$19,995,503 | C$20,410,219 |
| Total assets | C$335,278 | C$47,431,588 | C$51,620,155 | C$53,282,792 | C$36,415,777 |
| Debt | C$34,684 | C$6,185,931 | C$5,981,846 | — | — |
| Total liabilities | — | C$14,005,747 | C$13,931,425 | C$10,076,276 | — |
| Shareholders' equity | — | C$33,425,841 | C$37,688,730 | C$43,206,516 | C$31,947,398 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Dec 2025 thousands | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Revenue | — | C$8,915,799 | C$13,419,899 | C$21,726,211 | — |
| Cost of sales | C$26,514 | C$7,216,689 | — | — | — |
| Exploration and evaluation expense | (C$30,243) | C$4,561,273 | C$4,749,205 | C$2,604,214 | — |
| General and administrative | (C$9,573) | C$1,182,415 | C$826,533 | C$591,219 | C$541,298 |
| Share-based compensation | (C$4,986) | (C$605,492) | C$644,823 | C$728,029 | C$912,815 |
| Net income (loss) | (C$42,633) | (C$17,567,930) | (C$2,855,552) | C$5,609,393 | (C$2,058,554) |
Cash flow statement: annual key figures
Canadian dollars (C$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Dec 2025 thousands | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | C$31,023 | (C$9,654,988) | (C$4,568,697) | C$2,612,800 | (C$5,445,614) |
| Investing cash flow | (C$139,682) | (C$347,678) | — | (C$2,314,566) | (C$8,237,441) |
| Financing cash flow | C$156,894 | C$8,176,420 | C$6,191,698 | C$5,366,564 | C$815,041 |
| Property, plant and equipment spending | (C$6,564) | (C$347,678) | — | (C$4,370,716) | (C$12,769,963) |
| Proceeds from share issues | C$130,037 | C$7,721,659 | C$0 | C$4,372,500 | C$0 |
| Change in cash | C$48,495 | (C$1,993,917) | C$600,444 | C$6,111,038 | (C$12,868,014) |
| Cash at end of period | C$60,255 | C$11,760,355 | C$13,754,272 | C$13,153,828 | C$7,042,790 |
Mining Americas Inc. financings
5 financings announced or closed by Mining Americas Inc., read by Mining News Terminal, newest first.