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Argonaut Gold Inc. (0UIK.L)

LSE - LSE Delayed price. Currency in CAD
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0.3925+0.0852 (+27.71%)
At close: 01:33PM GMT
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  • Zacks

    Alamos Gold (AGI) to Boost Capacity With Argonaut Acquisition

    Alamos Gold (AGI) to buy its peer Argonaut for $325 million to increase its gold production.

  • Reuters

    CANADA STOCKS-TSX climbs on mining boost; Alamos Gold shines

    Canada's main stock index rose on Wednesday, boosted by gains in precious metals miners, while Alamos Gold was among the best performers after it announced a deal to buy smaller rival Argonaut. At 10:05 a.m. ET (1405 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 46.04 points, or 0.21%, at 21,958.56. "Adding to the positive price action, there remains a healthy level of skepticism in the market, corporate earnings have come in better than expected and the economy continues to display remarkable resilience," said Brandon Michael, senior analyst at ABC Funds, in Toronto.

  • Reuters

    Alamos Gold to buy smaller peer Argonaut for $325 mln

    Canadian gold miner Alamos Gold will acquire smaller rival Argonaut Gold for $325 million in an all-stock deal, the companies said on Wednesday. The deal would increase Alamos' gold production to 600,000 ounces per year, with a longer-term production potential of over 900,000 ounces per year, the companies said. Alamos produced 529,300 ounces of gold in 2023.