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  6. Alamos Gold Acquires Argonaut Gold

M&A Deal Summary

Alamos Gold Acquires Argonaut Gold

On July 12, 2024, Alamos Gold acquired metals/mining company Argonaut Gold

Acquisition Highlights
  • This is Alamos Gold’s 3rd transaction in the Metals/Mining sector.
  • This is Alamos Gold’s 3rd transaction in Canada.
  • This is Alamos Gold’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2024-07-12
Target Argonaut Gold
Sector Metals/Mining
Buyer(s) Alamos Gold
Deal Type Add-on Acquisition

Target

Argonaut Gold

Toronto, Ontario, Canada
Argonaut Gold is a Canadian gold company engaged in exploration, mine development, and production. Its primary assets are the El Castillo mine and San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico, and the Florida Canyon mine in Nevada, USA. Advanced exploration projects include the Cerro del Gallo project in Guanajuato, Mexico, the Magino project in Ontario, Canada, and the Ana Paula project in Guerrero, Mexico. The Company continues to hold the San Antonio advanced exploration project in Baja California Sur, Mexico, and several exploration stage projects, all of which are located in North America. Argonaut Gold was incorporated in 2007 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Alamos Gold

Toronto, Ontario, Canada
Category Company
Founded 2003
Sector Metals/Mining
Employees2,400
Revenue 1.3B USD (2024)
DESCRIPTION

Alamos Gold is an intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson mine in northern Ontario, Canada, and the Mulatos and El Chanate mines in Sonora State, Mexico. Additionally, the Company has a significant portfolio of development-stage projects in Canada, Mexico, Turkey, and the United States. Alamos Gold was founded in 2003 and is based in Toronto, Ontario.

DEAL STATS #
Overall 3 of 3
Sector: Metals/Mining M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: Ontario M&A 2 of 2
Country: Canada M&A 3 of 3
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-15 Orford Mining

Toronto, Ontario, Canada

Orford Mining is a mineral explorer focused on a highly prospective and underexplored area of Northern Quebec and the Carolina Gold Belt in United States. Orford Mining is based in Toronto, Ontario.

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