The close of 2023 saw a surge in gold prices driven by the widespread belief that the precious metal serves as a hedge against inflation, prompting investors to seek refuge amid economic uncertainty.
The Alamos Gold strategy is to build out a pipeline of "high-quality, long-term projects, in good jurisdictions," CEO John A. McCluskey said.
Alamos expands Quebec footprint with Orford acquisition miningweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miningweekly.com Daily Mail and Mail on Sunday newspapers.
Alamos Gold has signed an agreement to acquire all issued and outstanding shares of Orford Mining, consolidating its stake in several mining projects in Quebec, Canada.
Alamos Gold Inc. (“Alamos” or the “Company”) is pleased to announce that it has entered into a definitive agreement (the “Agreement”) pursuant to which Alamos will acquire all of the issued and outstanding shares of Orford Mining Corporation (“Orford”) by way of a court-approved plan of arrangement (the “Transaction”).