M&A Deal Summary

Alamos Gold Acquires Richmont Mines

On November 21, 2017, Alamos Gold acquired metals/mining company Richmont Mines

Acquisition Highlights
  • This is Alamos Gold’s 1st transaction in the Metals/Mining sector.
  • This is Alamos Gold’s 1st transaction in Canada.
  • This is Alamos Gold’s 1st transaction in Quebec.

M&A Deal Summary

Date 2017-11-21
Target Richmont Mines
Sector Metals/Mining
Buyer(s) Alamos Gold
Deal Type Add-on Acquisition

Target

Richmont Mines

Rouyn-Noranda, Quebec, Canada
Richmont Mines, Inc. is a producer of gold from the Island Gold Mine in Ontario and is also advancing development of the significant high-grade resource extension to the east and at depth. Richmont Mines was founded in 1981 and is based in Rouyn-Noranda, Quebec.

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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 1 of 3
Sector: Metals/Mining M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 3
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 3
Year: 2017 M&A 1 of 1
FOLLOWING 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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