Month: December 2019

Alamos Gold Inc. today announced that it has filed with and received acceptance from the Toronto Stock Exchange for a Notice of Intention to make a Normal Course Issuer Bid permitting Alamos to purchase for cancellation up to 28,734,677 Class A Common Shares representing 10% of the Company’s public float of the Common Shares as of December 11, 2019, being 287,346,778 Common Shares.

“Aura continues to be driven by a strategy to deliver shareholder value. This dividend is the result of significant progress and our operational performance achieved over the past two years,” said Mr. Rodrigo Barbosa, President and CEO of Aura.

Akiba Leisman Chief Executive Officer of Mako states that, “we are happy that we have entered into an LOI to sell our Mexican operations to our neighbor. We are nearly finished producing gold at La Trinidad, and the sale of our Mexican operations will allow us to focus solely on our San Albino gold project currently under development in Nicaragua.”

Mr Stephen Copulos stated “the executive team lead by our Managing Director Mr Brad Marwood has done a tremendous job over the last 12 months completing a transformational change for the Company by commencing production at Plomosas and increasing ownership of Plomosas from 51% to 100% whilst mining safely at Plomosas with no environmental or safety incidents. My aim was to retire from the board on completion of all these achievements.”

“For much of 2019 we have employed a number of hourly workers who, combined with our salaried workforce, have operated the Lucky Friday on a limited basis,” said Phillips S. Baker, Jr., President and CEO. “We will now accelerate hiring and utilizing contractors with the goal of reaching full production by year-end 2020.”