Mining Stock Daily Minera Alamos Executes New US$75M Revolving Credit Facility
Apr 8, 2026
Darren Blasutti, EVP of Corporate Development at Minera Alamos, oversees corporate financing and growth strategy. He walks through a new US$75M revolving credit facility and how it lowers the company’s cost of capital. Short segments cover using the revolver to fully fund Copperstone and Goldrock without dilution, retiring expensive prepayments, and how bank due diligence validates the growth plan.
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Revolver Cuts Cost Of Capital For Producer Transition
- Minera Alamos secured a US$75M revolving facility from Scotiabank and National Bank to lower its cost of capital as a producer.
- Darren Blasutti says borrowing rates fell from ~12–13% to around 7% and the revolver lets them refinance expensive prepayment arrangements.
Financing Removes Prepaid Ounces And Enables Builds
- The facility fully finances building Copperstone and starting Goldrock without equity dilution.
- Blasutti expects to draw ~US$40M to repay Orimet prepayments and clear ~7,830 prepaid ounces and remaining call options.
Use Bank Due Diligence As A Market Credibility Tool
- Use bank diligence as a credibility signal to the market when scaling from junior to mid-tier.
- Blasutti highlights two tier-one Canadian banks doing full due diligence on PAN, Copperstone and Goldrock as proof of plan viability.