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Argonaut Gold Inc. (AR.TO)
| Previous close | 0.4150 |
| Open | 0.4200 |
| Bid | 0.4150 x 0 |
| Ask | 0.4250 x 0 |
| Day's range | 0.4150 - 0.4250 |
| 52-week range | 0.2200 - 0.7700 |
| Volume | |
| Avg. volume | 4,234,577 |
| Market cap | 525.299M |
| Beta (5Y monthly) | 1.72 |
| PE ratio (TTM) | 8.30 |
| EPS (TTM) | 0.0500 |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 0.52 |
GlobeNewswireAlamos and Argonaut Close Previously Announced Private Placement
TORONTO, April 04, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (“Alamos”) (TSX:AGI; NYSE:AGI) and Argonaut Gold Inc. (“Argonaut”) (TSX:AR) today announced the closing of their previously announced non-brokered private placement, pursuant to which Alamos subscribed (the “Private Placement”) for 174,825,175 common shares of Argonaut (the “Acquired Shares”), representing approximately 13.8% of Argonaut’s total outstanding common shares (the “Common Shares”) after giving effect to the Private Placemen
ZacksAlamos Gold (AGI) to Boost Capacity With Argonaut Acquisition
Alamos Gold (AGI) to buy its peer Argonaut for $325 million to increase its gold production.
- Reuters
Alamos Gold to buy smaller peer Argonaut for $325 million
The deal would increase Alamos' gold production to 600,000 ounces per year, with a longer-term production potential of over 900,000 ounces per year, the companies said. Alamos produced 529,300 ounces of gold in 2023. The deal would give Alamos access to Argonaut's Magino mine, located adjacent to Alamos' Island Gold mine in Ontario, Canada.
