Alamos Gold Renews Share Buyback Program

Alamos Gold (TSX: AGI) appears to be in the mood to spend money. Following its $25.0 million acquisition of Trillium Mining announced last night, the company this morning announced that it has renewed its share buyback program, also known as a normal course issuer bid. The program will see the company buyback up to 10% of its outstanding Class A common shares over the course of the next year.

The 10% figure for the company is based on the filing which was made as of December 14, 2020, when the company had a total of 351,455,040 shares outstanding. As a result, the program will see the company repurchase up to 35,145,504 Class A common shares for cancellation.

The program is set to begin December 24, 2020, and will end on December 23, 2021. Share purchases are to occur via the TSX, alternative Canadian markets, and the New York Stock Exchange, with the company able to purchase up to 273,548 common shares per day.

The previous program conducted by Alamos saw a total of 1,133,561 common shares repurchased out of a maximum 28,734,677 common shares that were eligible. Those shares were repurchased at an average price of C$6.99 per share under the program that formally concludes December 23, 2020.

Alamos Gold last traded at $12.50 on the TSX.


Information for this briefing was found via Sedar and Alamos Gold. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Gold Prices Rebound in 2021 as US Dollar, Real Yields Continue to Plummet

Gold prices soared to their highest levels in nearly two months today as a weakened...

Monday, January 4, 2021, 02:30:00 PM

Gran Colombia Gold Renews Share Buyback Program

Gran Colombia Gold (TSX: GCM) this morning announced that it will be renewing its normal...

Friday, October 15, 2021, 07:44:57 AM

Lundin Mining Downgraded By Canaccord Due To Candelaria Mine Concerns

Lundin Mining Corporation (TSX: LUN) reported its second quarter financials on July 28. The company...

Friday, August 6, 2021, 11:54:00 AM

Kingman Minerals Acquires Option For Additional Mohave County Property

Kingman Minerals (TSXV: KGS) is expanding their land holdings. It was announced by the company...

Thursday, September 24, 2020, 09:13:22 AM

Pure Gold’s Underground Step-Out Drilling Discovers 12.8 G/T Gold Over 10 Metres

Pure Gold Mining (TSXV: PGM) this morning announced that it has intersected further high grade...

Tuesday, July 28, 2020, 08:37:09 AM