AGI - Alamos to sell non-core royalties to Metalla for $5M
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Alamos Gold ( NYSE: AGI ) to sell a portfolio of non-core royalties to Metalla Royalty & Streaming for proceeds.
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The portfolio being sold consists of three royalties and one silver stream, all of which are on assets not owned by Alamos. This includes a silver stream on the Esperanza project in Morelos, Mexico which was sold in April 2022, and royalties on the Fenn Gib South, Ronda, and Northshore West exploration stage projects located in Ontario, Canada.
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As consideration for the portfolio of royalties, Alamos will be receiving 939,355 Metalla shares, valued at $5M, or $5.3228 per share.
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The sale is consistent with Alamos’ strategy of monetizing and maximizing the value of its non-core assets while focusing on advancing its strong portfolio of high-return growth projects. With the monetization of the royalties, Alamos has surfaced nearly $100M in total consideration over the past two years.
For further details see:
Alamos to sell non-core royalties to Metalla for $5M