Alamos Gold Announces Closing of the Sale of its Turkish Development Projects

Core Points - Alamos Gold Inc. has completed the sale of its wholly owned Turkish subsidiary, Doğu Biga Madencilik Sanayi ve Tic. A.Ş., for a total cash consideration of $470 million [2] - The transaction includes an initial cash payment of $160 million, with additional anniversary payments of $160 million and $150 million due on the one-year and two-year anniversaries, respectively [3] Company Overview - Alamos Gold Inc. is a Canadian-based intermediate gold producer with diversified production from three operations in North America, including the Island Gold District and Young-Davidson mine in Ontario, Canada, and the Mulatos District in Sonora, Mexico [4] - 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 [4] - Alamos employs over 2,400 people and is committed to sustainable development [4]