In this study, Co-Cr-Mo alloys were produced using a mixture of Co3O4, Cr2O3 and MoO3 powders with Al powders by a Self-propagating high temperature synthesis process. SHS is a process of material synthesis that has revealed a number of reactants combinations capable of much higher energy release than conventional explosives. Al2O3 is added to the mixture to decrease the adiabatic temperature of the system. The thermodynamic simulations and the calculations of adiabatic temperature were examined with FactSage 6.2. In the SHS experiments, different Co3O4/Cr2O3/MoO3 ratios were examined, and their effects on the metal recovery and alloy compositions were carried out. The samples were characterized by using chemical analysis, XRD, XRF and SEM/EDS techniques.