Alamos Gold Completes Sale of Quartz Mountain Gold Project
Alamos Gold Completes Sale of Quartz Mountain Gold Project
All amounts are in United States dollars, unless otherwise stated.
TORONTO, Oct. 22, 2025 — Alamos Gold Inc. (TSX:AGI; NYSE:AGI) has successfully finalized the transaction to sell its option to acquire 100% interest in the Quartz Mountain Gold Project to Q-Gold Resources Ltd. for total consideration of up to $21 million. This amount includes both cash and common shares of Q-Gold, along with an equity stake in the company.
At the closing of this deal, Alamos received $2.85 million in cash and was granted 13,924,702 common shares of Q-Gold, which represents a 9.99% holding in the company. The remaining consideration of $18.15 million will be payable in either cash or shares, depending on Alamos' preference. This portion consists of $8.15 million in guaranteed payments spread over a three-year period, in addition to $10 million in milestone payments.
Overview of Alamos Gold
Alamos Gold, a Canadian-based intermediate gold producer, operates three significant production sites in North America, including the renowned Island Gold District and Young-Davidson mine located in northern Ontario, Canada, as well as the Mulatos District in Sonora State, Mexico. The company boasts a strong portfolio of growth initiatives, such as the Phase 3+ Expansion at Island Gold, along with the promising Lynn Lake project situated in Manitoba, Canada.
Employing over 2,400 professionals, Alamos is firmly committed to maintaining exemplary standards in sustainable development. The company’s shares can be traded on both the TSX and NYSE under the symbol “AGI”.
Strategic Implications of the Sale
This sale marks a strategic step for Alamos Gold as it streamlines its focus on core operations while generating valuable capital. The funds from this transaction will be pivotal for financing ongoing projects and potential exploration activities, thereby enhancing shareholder value in the long term.
Future Projects and Expansion
In addition to the closure of the Quartz Mountain sale, Alamos continues to explore avenues for expansion within its existing operations. The company plans to advance the Phase 3+ Expansion at the Island Gold mine, which promises to significantly boost production capacity and efficiency.
Contact Information for Inquiries
For further information, please reach out to:
Scott K. Parsons
Senior Vice President, Corporate Development & Investor Relations
(416) 368-9932 x 5439
Khalid Elhaj
Vice President, Business Development & Investor Relations
(416) 368-9932 x 5427
ir@alamosgold.com
Frequently Asked Questions
What was the total consideration from the Quartz Mountain sale?
The total consideration from the sale amounts to up to $21 million, including cash and common shares of Q-Gold.
How much cash did Alamos receive upon closing?
Upon closing, Alamos received $2.85 million in cash.
What percentage of Q-Gold does Alamos now own?
Alamos now owns 9.99% of the issued and outstanding shares of Q-Gold.
What are Alamos Gold's major operational areas?
Alamos operates in three areas: the Island Gold District, Young-Davidson mine in Ontario, and the Mulatos District in Mexico.
Who should be contacted for more information about Alamos?
Inquiries should be directed to Scott K. Parsons or Khalid Elhaj, whose contact details are provided above.
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