Free weekly newsletter

Get the free weekly contract digest

The new new contracts, who’s behind them, and what they mean — delivered to your inbox every week. No credit card, unsubscribe anytime.

Weekly Digest

New new contracts, summarized for you

Straight to Inbox

No login, no app to check — it comes to you

Contract Trends

See who's moving and how much in your market

No credit card required Weekly contract digest

Alamos Gold Inc. Eliminates Majority of Argonaut Gold Hedge Book

Jul 15, 2024•almost 2 years ago

Contract Type

partnership

TorontoOtherNatural ResourcesMining

Description

Alamos Gold Inc. has entered into a gold prepayment agreement to eliminate gold forward purchase contracts previously held by Argonaut Gold, totaling 179,417 ounces in 2024 and 2025. This transaction has closed out all of the 2024 and 2025 forward purchase contracts and significantly increased exposure to rising gold prices.

Company Information

Company

Alamos Gold

Location

Toronto, Ontario, Canada

About

Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos mine in Sonora State, Mexico. Additionally, the Company has a significant portfolio of development stage projects in Canada, Mexico, Turkey, and the United States. Alamos employs more than 1,700 people and is committed to the highest standards of sustainable development. The Company's shares are traded on the TSX and NYSE under the symbol "AGI". On behalf of the CompanyBryan SlusarchukChief Executive Officer and Director

Related People

Suggested for you

Choose your plan to reveal verified contacts

Predictive Intelligence

Strategic

ML-powered predictions for Alamos Gold's next move

Learn about Strategic plan

Agreement Insights

Based on industry data

Strategic partnership established

Partnership agreements typically involve technology integration and joint go-to-market strategies

Contract momentum indicator

Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months