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-0.00944081336238192 -0.0123456790123457 -0.0101670297748728 -0.0181554103122731 -0.00580973129992725 -0.0079883805374001 -0.0072621641249092 0.00653594771241842
Stock impact report

Alamos Gold Announces Friendly Acquisition of Argonaut Gold

Alamos Gold Inc. Class A Common Shares (AGI) 
Last alamos gold inc. class a common shares earnings: 4/29 05:00 pm Check Earnings Report
Company Research Source: GlobeNewswire
TORONTO, March 27, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (“Alamos”) (TSX:AGI; NYSE:AGI) and Argonaut Gold Inc. (“Argonaut”) (TSX:AR) are pleased to announce that they have entered into a definitive agreement (the “Agreement”) whereby Alamos will acquire all of the issued and outstanding shares of Argonaut pursuant to a court approved plan of arrangement (the “Transaction”). As part of the Transaction, Alamos will acquire Argonaut’s Magino mine, located adjacent to its Island Gold mine in Ontario, Canada. The integration of the two operations is expected to create one of the largest and lowest cost gold mines in Canada. Through the use of shared infrastructure, Alamos expects to unlock significant value with immediate and long-term synergies expected to total approximately US$515 million1. The addition of Magino is expected to increase Alamos’ combined gold production to over 600,000 ounces per year, with longer term production potential of over 900,000 ounces per year. The comb Show less Read more
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