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Enrico Gay of Algo Grande Copper Corp. presents at Metals Investor Forum in Vancouver | Sep 2026

Metals Investor Forum Sep 25, 2026 9:32

Summary

Algo Grande Copper is an early-stage ~$35M-market-cap copper explorer with one Sonora, Mexico skarn discovery and two rigs turning.

Phase 1 drilling grew a two-horizon skarn into a five-horizon system averaging 57 meters above 1.8% copper equivalent across four holes.

Phase 2 (8,000 meters) is mid-flight; the first released hole cut 30 meters at 1.5% copper equivalent within the top 200 meters.

$50 million has been raised through straight-share private placements with zero warrants, preserving a deliberately clean capital structure.

An internal (non-43-101) model estimates 14 million tons at 1.4% copper equivalent; the underlying porphyry remains untested blue sky.

Key points on Pan American Silver

  • The guest points to Pan American Silver's Alamodorado mine as adjacent to Algo Grande's license and notes it has historically produced about 70 million ounces of silver.
  • He lists Pan American Silver among the 'AAA players' already operating in the Sonora copper belt, alongside Agnico Eagle and Equinox Gold.

Michael Williams's takeaways

  • Top takeaway The guest introduces Michael Williams as a senior technical advisor to Algo Grande and describes him as a successful executive with prior exits in the mining space.

Enrico Gay's takeaways

  • Top takeaway Enrico Gay, Algo Grande's CEO, argues that the Adelita project in Sonora is a high-grade copper exploration story where the skarn discovery is getting bigger and could potentially reach 25-30 million tons.
  • He emphasizes capital-structure discipline, noting that all roughly $50 million raised since the December 2025 acquisition was done via straight-share private placements with no warrants.
  • He frames Sonora as a top copper jurisdiction — Mexico's number one copper-producing state and host to Grupo Mexico's Buena Vista and Caridad mines plus other major operators.
  • He positions Algo Grande as a young, ambitious team supported by senior advisors, including chairman Raymond Hannas and senior technical advisor Peter McGaugh.
  • He points to deeper blue-sky potential beyond the skarn, citing a modeled resistivity anomaly and molybdenum spikes up to 3,000 ppm that he interprets as evidence of a porphyry source at depth.