Wednesday, October 8, 2025

Latest

Alamos Gold Sells Off Quartz Mountain Gold Project For $21 Million, Equity Interest

Alamos Gold (TSX: AGI) has agreed to sell off one of its non-core assets to Q-Gold Resources (TSXV: QGR) as the company looks to monetize certain of its assets.

The transaction will see Q-Gold acquire the Quartz Mountain Gold project in Oregon. Consideration for the project is said to consist of $21 million in cash and common shares, plus a 9.9% interest in Q-Gold.

The $21 million figure will see $2.85 million in cash paid up front, alongside $8.15 million in guaranteed payments in cash or common shares over a three year period, plus $10 million to be paid on certain milestones, including $5 million upon completion of a feasibility study or reaching a construction decision, and $5 million that is payable upon key permits being received for construction.

A 9.9% ownership interest in Q-Gold is expected to be issued upon closing of the transaction.

The Quartz Mountain Gold Project is said to have seen over $20 million spent on the project historically, which includes over 100,000 metres of drilling conducted on site. The project currently boasts a resource of 339,000 measured and indicated gold ounces, as well as 1.15 million inferred gold ounces.

“The sale of Quartz Mountain is consistent with our strategy of monetizing non-core assets as we develop our portfolio of high-return growth projects including the Phase 3+ Expansion at Island Gold, Lynn Lake, and PDA,” commented Alamos Gold CEO John McCluskey.

Alamos Gold last traded at $37.88 on the TSX.


Information for this briefing was found via Sedar and the sources mentioned. 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

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Alamos Gold Q1 2025: Net Income Falls Despite Record Gold Prices

Alamos Gold (TSX: AGI) reported Q1 2025 financial results, headlined by revenues climbing 20% year-over-year...

Thursday, May 1, 2025, 10:31:00 AM

Alamos Gold Raises Cost Guidance, Upstaging 128% Profit Jump In Q2 2025

Alamos Gold (TSX: AGI) posted a paradoxical second quarter: revenue leapt 32% YoY to $438.2...

Thursday, July 31, 2025, 10:39:00 AM

Alamos Gold Meets 2021 Production Guidance With 457,200 Ounces

Alamos Gold Inc. (TSX: AGI) shared on Monday its production results for Q4 and full-year...

Tuesday, January 18, 2022, 11:42:00 AM

Alamos Gold Calls For Island Gold Mine To Boost Annual Production To 411,000 Ounces Beginning In 2026

Alamos Gold (TSX: AGI) has extended the life of mine of the Island Gold project...

Tuesday, June 24, 2025, 08:37:26 AM

Alamos Gold Acquires Trillium Mining For $25.0 Million In Cash

Alamos Gold (TSX: AGI) will be acquiring that of Trillium Mining Corp, a Toronto-based exploration...

Thursday, December 17, 2020, 06:18:51 PM