https://www.miningweekly.com
Building|Exploration|Gold|Mining|PROJECT|Projects
Building|Exploration|Gold|Mining|PROJECT|Projects
building|exploration|gold|mining|project|projects

Alamos closes Ordford acquisition

4th April 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Intermediate gold producer Alamos Gold has completed the previously announced acquisition of TSX-V-listed Ordford Mining.

The Ontario Superior Court of Justice granted the final order on April 2 approving the plan of arrangement pursuant to which the transaction was implemented.

“We are pleased to complete the acquisition of Orford Mining and its highly prospective Qiqavik gold project, located in northern Quebec,” commented president and CEO John McCluskey.

Alamos also acquired interests in several exploration stage critical mineral and gold projects in Quebec, including West Raglan, the Joutel Properties, and Nunavik Lithium.

The Ordford acquisition is consistent with Alamos’ strategy of building out a pipeline of high-quality, long-term projects, in good jurisdictions to complement the group’s near-term organic growth projects, added McCluskey.

Last week, the acquisitive company also announced that it would buy smaller rival Argonaut Gold in an all-stock deal valued at $325-million. The move is poised to create a gold miner with a combined long-term production potential exceeding 900 000 oz/y.

Central to the transaction is Alamos’ acquisition of Argonaut’s Magino mine, which is strategically located adjacent to its own Island Gold mine, in Ontario.

Edited by Creamer Media Reporter

Comments

Showroom

Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer
Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.1 0.137s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: