Argonaut Gold completed the merger with Alio Gold in a $47m deal.

Argonaut Gold, a Canadian gold company engaged in exploration, mine development and production, completed the merger with Alio Gold, a gold mining company, in a $47m deal. "This is a transaction which makes sense for both sets of shareholders. Combining complementary assets into one larger, more relevant company generates significant synergies. With a solid production base of over 235k gold equivalent ounces expected this year, a strong balance sheet and strong cash flow generation at current gold prices, we will be well positioned to evaluate and execute on growth opportunities from within the combined company’s development asset portfolio," Pete Dougherty, Argonaut President and CEO.