Alamos Gold Inc. to acquire Argonaut Gold Inc. creating one of the largest and lowest cost gold mines in Canada
Alamos Gold Inc. to acquire Argonaut Gold Inc. creating one of the largest and lowest cost gold mines in Canada
03/27/24, 11:33 AM
Location
torontotorontoIndustry
mining
natural resources
mineral
precious metals
Alamos Gold Inc. has announced the friendly acquisition of Argonaut Gold Inc. The acquisition will integrate Argonaut's Magino mine with Alamos' Island Gold mine, forming one of the largest and lowest cost gold mines in Canada. The agreement also includes the spin-out of Argonaut's assets in the United States and Mexico to its existing shareholders as a newly created junior gold producer named SpinCo.
Company Info
Location
Toronto, Ontario, Canada
Company info
Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos mine in Sonora State, Mexico. Additionally, the Company has a significant portfolio of development stage projects in Canada, Mexico, Turkey, and the United States. Alamos employs more than 1,700 people and is committed to the highest standards of sustainable development. The Company's shares are traded on the TSX and NYSE under the symbol "AGI".
On behalf of the CompanyBryan SlusarchukChief Executive Officer and Director