Alamos picks up boutique miner Richmont for $770m

September 11, 2017

Responsive image

Intermediate gold producer Alamos Gold has agreed to buy small-scale gold producer Richmont Mines in an all-scrip transaction valued at $770-million, the companies announced on Monday.

The transaction will consolidate Alamos’ position as a mid-tier gold producer, adding the Island Gold free-cash-flowing underground mine, in Ontario, to its portfolio.

Category: General