Alamos Gold to acquire Argonaut Gold for $325m.

Alamos Gold, an intermediate gold producer with diversified production, agreed to acquire Argonaut Gold, a gold producer with a portfolio of operations in North America, for $325m. “This is a logical and attractive transaction for both companies. The combination of the adjacent Island Gold and Magino mines will immediately unlock tremendous value, with significant longer-term upside through further optimizations of the combined operation, and ongoing exploration success. Both assets complement each other well with large Mineral Reserve and Resource bases, long mine lives, and existing infrastructure that can support the bright future for the larger combined operation. Together, Island Gold and Magino will create one of the largest and most profitable mines in Canada, further enhancing our leading position as a Canadian focused intermediate gold producer,” John A. McCluskey, Alamos Gold President and CEO.