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Alamos Gold Announces Friendly Acquisition of Argonaut Gold

Retrieved on: 
Wednesday, March 27, 2024
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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”).

Key Points: 
  • 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.
  • Under the terms of the Agreement, each Argonaut common share outstanding will be exchanged for 0.0185 Alamos common shares and 1 share of SpinCo2 (the “Exchange Ratio”).
  • Upon completion of the Transaction, existing Alamos and Argonaut shareholders will own approximately 95% and 5% of the pro forma company, respectively.

Alamos Gold Reports Mineral Reserves and Resources for the Year-Ended 2023

Retrieved on: 
Tuesday, February 20, 2024
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Global Measured and Indicated Mineral Resources (exclusive of Mineral Reserves) increased 12% to total 4.4 million ounces with grades also increasing 9% to 1.27 g/t Au, as of December 31, 2023.

Key Points: 
  • Global Measured and Indicated Mineral Resources (exclusive of Mineral Reserves) increased 12% to total 4.4 million ounces with grades also increasing 9% to 1.27 g/t Au, as of December 31, 2023.
  • Combined Mineral Reserves and Resources have now increased for eight consecutive years with grades also increasing substantially over that time frame.
  • NS1 Zone (hanging wall): 92,000 ounces of total Mineral Reserves and Resources, including 24,000 ounces of Mineral Reserves grading 11.12 g/t Au.
  • The majority of Mineral Resources are located within the same structure with consistent controls on mineralization as existing Mineral Reserves.

Gold's Demand as a Safe Haven Asset Could Be Positive for Its Price in the Near Term

Retrieved on: 
Tuesday, August 22, 2023
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PALM BEACH, Fla., Aug. 22, 2023 /PRNewswire/ -- Gold prices don't typically move in line with prices of other financial assets, like stocks. That's why gold is often considered a safe haven investment asset for your portfolio. The stability of gold can serve as a hedge against inflation and mitigate the negative effects of market downturns. During and immediately prior to a recession, more people tend to buy gold because of its intrinsic value as other investment assets, like stocks and bonds, are more likely to lose value. Gold can gain in value as more investors buy it to protect their portfolios.  A report from Money.com said "that Gold's price has climbed in 2023 and was up as much as 9% for the year in April. As of the end of June, the price is up around 4% year to date, sitting near $1,920 per ounce. The rise has been attributed to rising interest rates and stock market volatility, as well as instability in the banking sector. Buying gold during an economic slowdown is an age-old trend because, unlike other investment options like stocks, the value of gold tends to rise as investors seek safe haven assets. Past performance is no guarantee of how the price of gold will perform in the future, so no one can be certain where the price will go from here. However, demand for safe haven assets may continue to be elevated for the foreseeable future. When the U.S. is politically and economically stable, the dollar strengthens, pushing the demand for precious metals like gold lower. Conversely, an unstable socioeconomic environment weakens the dollar and prompts investors to seek stability in gold and other precious metals, which pushes gold rates upward." Active Companies in the markets today include Asia Broadband Inc. (OTCPK: AABB), Orla Mining Ltd. (NYSE: ORLA) (TSX: OLA), i-80 GOLD CORP. (NYSE: IAUX) (TSX: IAU), Alamos Gold Inc. (NYSE:AGI) (TSX:AGI), B2Gold Corp. (NYSE: BTG) (TSX: BTO).

Key Points: 
  • The lab will allow the Company to select the highest grade ore for processing to efficiently maximize plant revenues.
  • The agreement allows the Company exclusivity to purchase the 4 million ton ore stockpile at an economically feasible price point.
  • A recent evaluation report has estimated the stockpile to represent over $ 800 million in total gold and silver value.
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Gold's Demand as a Safe Haven Asset Could Be Positive for Its Price in the Near Term

Retrieved on: 
Tuesday, August 22, 2023
Feasibility study, EDGAR, Acquisition, Analysis, Management, News, NYSE, Automation, Sulfide, AABB, Fekola Hybrid Power Station, GOLD, FNM, Research, Lone Tree, SEDAR, TSX, Growth, Security (finance), Granite Creek, Agnico Eagle, NOT, Energy Independence and Security Act of 2007, Finance, Gold, Caliber, Bank statement, Silver, Form 10-K, Conversation, NEVER, BTG, Mining, ANY, Lone Tree, Oklahoma, Annual report, AISC, Uranium mining, Cryptocurrency, Camino Rojo mine

PALM BEACH, Fla., Aug. 22, 2023 /PRNewswire/ -- Gold prices don't typically move in line with prices of other financial assets, like stocks. That's why gold is often considered a safe haven investment asset for your portfolio. The stability of gold can serve as a hedge against inflation and mitigate the negative effects of market downturns. During and immediately prior to a recession, more people tend to buy gold because of its intrinsic value as other investment assets, like stocks and bonds, are more likely to lose value. Gold can gain in value as more investors buy it to protect their portfolios.  A report from Money.com said "that Gold's price has climbed in 2023 and was up as much as 9% for the year in April. As of the end of June, the price is up around 4% year to date, sitting near $1,920 per ounce. The rise has been attributed to rising interest rates and stock market volatility, as well as instability in the banking sector. Buying gold during an economic slowdown is an age-old trend because, unlike other investment options like stocks, the value of gold tends to rise as investors seek safe haven assets. Past performance is no guarantee of how the price of gold will perform in the future, so no one can be certain where the price will go from here. However, demand for safe haven assets may continue to be elevated for the foreseeable future. When the U.S. is politically and economically stable, the dollar strengthens, pushing the demand for precious metals like gold lower. Conversely, an unstable socioeconomic environment weakens the dollar and prompts investors to seek stability in gold and other precious metals, which pushes gold rates upward." Active Companies in the markets today include Asia Broadband Inc. (OTCPK: AABB), Orla Mining Ltd. (NYSE: ORLA) (TSX: OLA), i-80 GOLD CORP. (NYSE: IAUX) (TSX: IAU), Alamos Gold Inc. (NYSE:AGI) (TSX:AGI), B2Gold Corp. (NYSE: BTG) (TSX: BTO).

Key Points: 
  • The lab will allow the Company to select the highest grade ore for processing to efficiently maximize plant revenues.
  • The agreement allows the Company exclusivity to purchase the 4 million ton ore stockpile at an economically feasible price point.
  • A recent evaluation report has estimated the stockpile to represent over $ 800 million in total gold and silver value.
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Alamos Gold Extends Gold Mineralization Beyond Mineral Reserves and Resources within Lynn Lake Project and Across Several Regional Targets Highlighting Significant Exploration Upside

Retrieved on: 
Tuesday, August 1, 2023
Feasibility study, AGI, MacLellan, QC, Resource, Burned, Lidar, Hyperaccumulators table – 2 : Nickel, Press release, ALS, News, NYSE, Alamos, Database, Mineral, TSX, Security (finance), Spectroscopy, Town, Vein, Alamos Gold, Climate change, IP, Ministry, Mining feasibility study, Gold, Environment, Mineral Resources Limited, QA/QC, McBride, Cross, Corporation, Mining, Nightclub, Road, Uranium mining, Silviculture, Printed circuit board, Rare-earth element, Granite, Wedge

Several regional exploration targets and drilling completed at Gordon over the past year and a half have not been incorporated into the 2023 Study highlighting the significant exploration upside potential.

Key Points: 
  • Several regional exploration targets and drilling completed at Gordon over the past year and a half have not been incorporated into the 2023 Study highlighting the significant exploration upside potential.
  • With another two million ounces of Mineral Resources across multiple deposits, and significant gold mineralization being intersected across a number of promising regional targets including Maynard and Tulune, we see excellent potential to continue adding Mineral Reserves to the Lynn Lake project.
  • The Lynn Lake gold project (“LLGP”) encompasses most of the east-trending, 125 km long, Paleoproterozoic Lynn Lake greenstone belt (“LLGB”) in northwestern Manitoba (Figure 1) with a total of 58,000 hectares of mineral tenure.
  • Exploration programs at the Lynn Lake Project are directed and supervised by Dean Crick, P.Geo., Alamos Gold’s Exploration Manager, Canada.

Brunswick Exploration Launches Canada-Wide Prospecting Programs and Stakes Additional Ground

Retrieved on: 
Thursday, May 11, 2023
Exercise, PLEX, CV8, Minority, TSX Venture Exchange, Mirage, Indian stock exchange, MI, Debt settlement, BRW, Trans-Hudson orogeny, Atlantic Canada, OTCQB, Iron Patriot, Tanco, Campfire, Forestry, Corporation, Anomaly, Debt, TSX, Policy, Lithium, Maple syrup, Uranium mining, Rare-earth element, Security (finance), Q3, Hanson Lake, Reindeer Lake, Mithril

Prospecting will also be launched on the larger PLEX project, with over 120 untested pegmatite outcrops have been identified through compilation.

Key Points: 
  • Prospecting will also be launched on the larger PLEX project, with over 120 untested pegmatite outcrops have been identified through compilation.
  • These anomalies suggest local alteration from an influx of lithium-bearing fluids
    Following the prospecting campaigns, results may warrant drilling and stripping programs in H2/2023.
  • Following prospecting at Hanson Lake, crews will continue truck and boat-supported prospecting on other BRW claim holdings.
  • This additional ground includes over 45 pegmatites between 500 and 11,500 meters that have not been assessed for lithium.

Brunswick Exploration Stakes Multiple Highly Prospective Regional Lithium Projects in Saskatchewan and Manitoba

Retrieved on: 
Tuesday, January 17, 2023
Lithium, Project, BRW, Beryl, Atlantic Canada, Black Hills, LCT, Snow, Superior, Oil, Paleoproterozoic, Archean

Saskatchewan and Manitoba are reliable mining jurisdictions and boast some of the best outcrop exposure that we have seen in the Canadian Shield.

Key Points: 
  • Saskatchewan and Manitoba are reliable mining jurisdictions and boast some of the best outcrop exposure that we have seen in the Canadian Shield.
  • Importantly, most of our package is within the Trans-Hudson belt which hosts lithium deposits in the Snow Lake region of Manitoba and the Black Hills of South Dakota.
  • Claims were staked based on preferred geologic environments and historical mapping that have seen little to no lithium exploration.
  • The scientific and technical information contained in this press release has been reviewed and approved by Mr. Charles Kodors, Manager Atlantic Canada of Brunswick Exploration.

Alamos Gold Reports Fatality at its Young-Davidson Mine

Retrieved on: 
Wednesday, November 30, 2022
TSX, AGI, Friends, Mulatto, NYSE, Death, Family, Safety, Mining

TORONTO, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (Alamos or the Company) deeply regrets to announce the death of an employee following an accident underground at the Young-Davidson mine this afternoon.

Key Points: 
  • TORONTO, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (Alamos or the Company) deeply regrets to announce the death of an employee following an accident underground at the Young-Davidson mine this afternoon.
  • Alamos is working closely with the local authorities and will be conducting an internal investigation.
  • Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America.
  • This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos mine in Sonora State, Mexico.

Threeosix Industrial & Marcel Colomb First Nation Agree to Joint Venture for Construction

Retrieved on: 
Monday, September 12, 2022
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SASKATOON, SK, Sept. 12, 2022 /CNW/ - Threeosix Industrial Services Inc. (the "Company" or "Threeosix") andMarcel Colomb First Nation("MCFN") are pleased to announce the signing of a joint venture agreement (the "Agreement").

Key Points: 
  • SASKATOON, SK, Sept. 12, 2022 /CNW/ - Threeosix Industrial Services Inc. (the "Company" or "Threeosix") andMarcel Colomb First Nation("MCFN") are pleased to announce the signing of a joint venture agreement (the "Agreement").
  • They agreed to formalize their relationship in Fall 2021 by creating a joint venture for all projects located in MCFN's traditional territory.
  • The joint venture will provide long-term economic and social benefits for MCFN, including increasing MCFN's capacity to conduct business in the construction, mining, and support services industries.
  • Marcel Colomb First Nation leader, Chief Christopher Colomb, stated, "On behalf of Marcel Colomb First Nation, I am pleased to announce our joint venture with Threeosix.

Alamos Gold Announces Initial 30% Reduction Target in Greenhouse Gas (“GHG”) Emissions by 2030

Retrieved on: 
Monday, June 13, 2022
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TORONTO, June 13, 2022 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) is pleased to announce its Company target of a 30% reduction in absolute GHG emissions by 2030 from the 2020/2021 average baseline year. This target includes scope 1 and scope 2 GHG emissions, inclusive of all GHG emissions covered by the Kyoto Protocol1. This is a significant milestone in Alamos’ sustainability journey and considered a credible target2 by definition of the Carbon Disclosure Project (“CDP”).

Key Points: 
  • TORONTO, June 13, 2022 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (Alamos or the Company) is pleased to announce its Company target of a 30% reduction in absolute GHG emissions by 2030 from the 2020/2021 average baseline year.
  • This target includes scope 1 and scope 2 GHG emissions, inclusive of all GHG emissions covered by the Kyoto Protocol1.
  • As part of the Companys emission reduction strategy, Alamos developed an Energy and Greenhouse Gas Management Standard in support of its Sustainability Performance Management Framework.
  • Scope 3 emissions are currently estimated by Alamos and will be considered as part of our reduction strategy in the near future.