The Globe and Mail reports in its Friday, Sept. 19, edition that Desjardins Securities analyst Allison Carson is sticking with her "buy" recommendation for Minera Alamos. The Globe's David Leeder writes in the Eye On Equities column that Ms. Carson cut her share target back to 90 cents from $1. Analysts on average target the shares at 80 cents. Ms. Carson views Minera's $115-million (U.S.) acquisition of the Pan mining complex in Nevada from Equinox Gold positively, believing it will generate cash flow for growth and adds the permitted Gold Rock asset to the pipeline. Ms. Carson says in a note: "Upon closing, Minera will acquire a 100-per-cent interest in the operating Pan mine, the Gold Rock project and the Illipah project from Equinox. Consideration for the transaction includes $90-million (U.S.) cash and $25-million (U.S.) equity. Minera is expected to issue 96.8 million common shares at an average price of 35.5 cents/share to Equinox for a 9.99-per-cent interest in MAI. The transaction is expected to close in 4Q25, subject to conditions and regulatory approvals. Proposed acquisition will further diversify Minera's portfolio outside of Mexico, with 75 per cent of core assets located in the U.S."