Alamos Gold Completes Acquisition of Argonaut

Alamos Gold (TSE:AGI) released an update.

Alamos Gold Inc. has successfully completed the acquisition of Argonaut Gold Inc., strengthening its position as a Canadian intermediate gold producer. The transaction includes the Magino Argonaut mine next to the Alamos Island Gold mine, with the goal of leveraging synergies and shared infrastructure to create one of the largest and lowest-cost gold mining operations in Canada. Argonaut’s assets in the U.S. and Mexico have been spun off to Florida Canyon Gold Inc., and Argonaut shares are to be delisted from the TSX, and Florida Canyon Gold is to begin trading on the TSX Venture Exchange.

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