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-0.00068119891008185 -0.00102179836512265 -0.000340599455040925 0 -0.00272479564032704 -0.00544959128065396 0.00170299727520426 -0.00068119891008185
Stock impact report

Alamos Gold (AGI) to Boost Capacity With Argonaut Acquisition [Yahoo! Finance]

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: Yahoo! Finance
Alamos Gold will now get access to Argonaut's Magino mine, which is adjacent to Alamos' Island Gold mine in Ontario, Canada. The companies will also spin off Argonaut's mines in the United States and Mexico to current shareholders, forming SpinCo, a new junior gold producer. A junior gold miner is an exploratory company with limited production capability that seeks out new gold deposits. The deal is fixed at $325 million in an all-stock agreement. Under the terms of the agreement, each Argonaut common share would be swapped for 0.0185 Alamos Gold common shares and one SpinCo share. The exchange ratio suggests a total consideration of 40 Canadian cents per Argonaut share. The transaction is expected to provide $515 million in long-term synergies for Alamos Gold. AGI produced 529,300 ounces of gold in 2023. In the fourth quarter of 2023, Alamos Gold delivered earnings per share of 12 cents, in line with the Zacks Consensus Estimate. The company posted earnings of 9 cents in the Show less Read more
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