Alamos Gold (TSE:AGI) has released an update.
Alamos Gold Inc. has successfully completed the acquisition of Argonaut Gold Inc., enhancing its position as a Canadian-focused, intermediate gold producer. The deal includes Argonaut’s Magino mine beside Alamos’ Island Gold mine, aiming to leverage synergies and shared infrastructure to form one of Canada’s largest and lowest-cost gold operations. Argonaut’s U.S. and Mexico assets have been spun out into Florida Canyon Gold Inc., with Argonaut shares set to be delisted from the TSX and Florida Canyon Gold to start trading on the TSX Venture Exchange.
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