The Globe and Mail reports in its Tuesday, June 2, edition that National Bank Financial analyst Rabi Nizami has reaffirmed his "outperform" recommendation for Minera Alamos. The Globe's David Leeder writes that Mr. Nizami boosted his share target to $9.50, matching the consensus, from $8.50. Mr. Nizami says Minera Alamos "has emerged from a significant organizational and financial restructuring with a clean capital structure and clear multi-year growth roadmap." Mr. Nizami says in a note: "The start of construction at Copperstone marks an important milestone which puts the company back in position to execute and demonstrate its mine-building capabilities. We model consolidated production scaling quickly from 35 koz in 2026 to more than 150koz/yr through a series of low-cost mine builds, starting with Copperstone (46 koz/yr; mid-2027 ramp up), Goldrock (40 koz; 028), followed by Cerro de Oro (55-60koz)." Mr. Nizami updated his model for Minera to include recent developments: a $75-million (U.S.) credit facility, a $45-million (U.S.) initial drawdown, elimination of gold prepays and call options, adoption of U.S. dollar reporting, and a fully funded pre-feasibility study for the Copperstone project in La Paz County, Arizona.