Alamos Gold Announces Closing of Orford Mining Acquisition
Alamos Gold Announces Closing of Orford Mining Acquisition
TORONTO, April 03, 2024 -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported the
completion of the previously announced acquisition (the “Transaction”) of all the issued and outstanding common shares of
Orford Mining Corporation (TSXV:ORM) (“Orford Mining”). A Final Order was granted by the Ontario Superior Court of Justice
on April 2, 2024 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. The acquisition is consistent with our strategy of building out a pipeline of high-quality, long-term projects, in
good jurisdictions to complement our near-term organic growth projects in Canada,” said John A. McCluskey, President and
Chief Executive Officer.
About Alamos
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 strong portfolio of growth projects, including the Phase 3+ Expansion
at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 1,900 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”.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Scott K. Parsons
Senior Vice President, Investor Relations
(416) 368-9932 x 5439
All amounts are in United States dollars, unless otherwise stated.
The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.
Cautionary Note
This news release contains or incorporates by reference “forward looking statements” and “forward-looking information” as
defined under applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact,
which address events, results, outcomes or developments that Alamos expects to occur are, or may be deemed to be, forward
-looking statements. Forward-looking statements are generally, but not always, identified by the use of forward-looking
terminology such as “expect”, “assume”, “anticipate”, “believe”, “potential”, “intend”, “prospective” or variations of such words
and phrases and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or
“will” be taken, occur or be achieved or the negative connotation of such terms.
Forward-looking statements in this news release include, but may not be limited to, information pertaining to the prospective
Qiqavik Gold Project, exploration potential and programs and other statements that express management’s expectations or
estimates of future plans and performance, operational, geological or financial results, estimates of amounts not yet
determinable and assumptions of management.
Alamos cautions that forward-looking statements are necessarily based upon a number of factors and assumptions that, while
considered reasonable by Alamos at the time of making such statements, are inherently subject to significant business,
economic, technical, legal, political and competitive uncertainties and contingencies. Known and unknown factors could cause
actual results to differ materially from those projected in the forward-looking statements and undue reliance should not be
placed on such statements and information. Investors are cautioned not to assume that all or any part of additional mineral
deposits that may be acquired are, or will be, economically or legally mineable or that they will ever be converted into Proven
and Probable Mineral Reserves (as that term is defined in National Instrument 43-101 – Standards of Disclosure for Mineral
Projects and the Canadian Institute of Mining, Metallurgy and Petroleum – CIM Definition Standards on Mineral Resources and
Mineral Reserves, adopted by the CIM Council, as amended).
Risk factors that may affect Alamos’ ability to achieve the expectations set forth in the forward-looking statements contained
in this news release include, but are not limited to, the actual results of potential exploration activities.
For a more detailed discussion of other risk factors that may affect Alamos’ ability to achieve the expectations set forth in the
forward-looking statements in this news release, see Alamos’ latest 40-F/Annual Information Form and Management’s
Discussion and Analysis, each under the heading “Risk Factors”, available on the SEDAR+ website at www.sedarplus.ca or
on EDGAR at www.sec.gov. The foregoing should be reviewed in conjunction with the information and risk factors and
assumptions found in this news release.
Alamos disclaims any intention or obligation to update or revise any forward-looking statements, whether written or oral, or
whether as a result of new information, future events or otherwise, except as required by applicable law.