# Alamos Gold to acquire Argonaut Gold for US$325 million

Alamos Gold Inc. agreed to acquire all shares of Argonaut Gold Inc. for total consideration of approximately US$325 million. The acquisition includes Argonaut's Magino mine adjacent to Alamos' Island Gold mine in Ontario, Canada, and is expected to create one of Canada's largest and lowest cost gold mines.

- Type: Acquisition
- Announced: 2024-03-27
- Where: Ontario, Canada, Canada
- Value: $325.0M
- Status: announced
- Capacity: over 600,000 ounces of gold per year
- Products: gold

## Companies

- [Argonaut Gold](https://endata.com/companies/52275.md) (target)
- [Alamos Gold](https://endata.com/companies/76459.md) (acquirer)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1178819/000117881924000031/ex991alamosgoldannouncesfr.htm), 2024-03-27: "The integration of the two operations is expected to create one of the largest and lowest cost gold mines in Canada."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.