TORONTO, May 15, 2024 /CNW/ - Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") today reported financial and operating results for the first quarter ended March 31, 2024. All dollar amounts are expressed in United States dollars, unless otherwise specified (CA$ refers to Canadian dollars). During the quarter, Argonaut entered into a definitive agreement (the "Agreement") whereby Alamos Gold Inc. ("Alamos") will acquire all of the issued and outstanding shares of Argonaut pursuant to a court approved plan of arrangement (the "Transaction"). As part of the Transaction, Alamos will acquire Argonaut's Magino mine and in which Argonaut's assets in the United States and Mexico will be spun out to its existing shareholders within a newly created junior gold producer ("SpinCo").
Read more at newswire.caArgonaut Gold Announces First Quarter Financial and Operating Results
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