- Alamos Gold (AGI) has announced a normal course issuer bid
- The NCIB will begin on December 24, 2022, and end on December 23, 2023
- Under the bid, Alamos will purchase for cancellation up to 34,670,378 Class A common shares
- Under the bid, the corporation may purchase a maximum of 187,132 common shares per day
- Alamos is a Canada-based gold producer with production from three operating mines in North America
- Alamos Gold Inc. (AGI) opened trading at C$9.85
Alamos Gold (AGI) has announced a normal course issuer bid.
Under the bid, Alamos will purchase for cancellation up to 34,670,378 Class A common shares, representing 10 per cent of the company’s public float as of December 14, 2022.
The NCIB will begin on December 24, 2022, and end on December 23, 2023. All common shares purchased under the NCIB will be cancelled.
Under the bid, the corporation may purchase a maximum of 187,132 common shares per day.
Under its previous bid, which will end on December 23, 2022, Alamos has purchased and cancelled 1,100,000 common shares at a weighted average price of C$9.55 per share.
Alamos is a Canada-based gold producer with production from three operating mines in North America, including the Young-Davidson and Island Gold mines in northern Ontario, and the Mulatos mine in Sonora State, Mexico. The company also has a portfolio of growth projects, including the Phase 3+ Expansion at Island Gold and the Lynn Lake project in Manitoba.
Alamos Gold Inc. (AGI) opened trading at C$9.85.
