Alamos Gold's Strategic Move with Quartz Mountain Project Sale

Author: Logan Wright Updated: 10-22-2025 08:45 AM

Overview of the Quartz Mountain Sale

Alamos Gold Inc. (TSX: AGI; NYSE: AGI) has successfully completed the sale of its option to earn a 100% interest in the Quartz Mountain Gold Project to Q-Gold Resources Ltd. This strategic transaction allows Alamos to receive important financial benefits while continuing to pursue its growth initiatives.

Financial Details of the Transaction

The sale was finalized with a total consideration potentially reaching up to $21 million, payable in cash and/or common shares of Q-Gold. At closing, Alamos secured $2.85 million in cash along with 13,924,702 shares of Q-Gold, which account for 9.99% of Q-Gold’s outstanding shares. This robust arrangement includes guaranteed payments of $8.15 million over the next three years and additional milestone payments totaling $10 million.

About Alamos Gold Inc.

Alamos Gold Inc. is a premier Canadian intermediate gold producer, renowned for its diverse portfolio comprising three operational sites in North America. The company's primary operations include the Island Gold District and the Young-Davidson mine located in Ontario, Canada, and the Mulatos District in Sonora, Mexico. Alamos prides itself on its growth strategy, which features key projects like the Phase 3+ Expansion at Island Gold and the Lynn Lake project in Manitoba. The company is committed to resource development while ensuring sustainable practices for the benefit of local communities and ecosystems.

Growth Prospects Following the Sale

This successful sale of the Quartz Mountain project reinforces Alamos’s financial position, providing necessary funds for continuous investment into its core projects. By streamlining its asset portfolio, Alamos can concentrate on maximizing efficiency and profitability across its primary operations. The company remains steadfast in its growth-oriented outlook, seeking out fruitful opportunities within a dynamic marketplace.

Future Strategy and Investor Relations

Investors can anticipate proactive communication from Alamos Gold regarding future developments and strategic moves. The company is dedicated to maintaining transparency as it navigates its growth trajectory, focusing on creating shareholder value through both exploration and efficient operation of its existing assets. Alamos encourages all stakeholders to stay informed about its plans and regular updates on its operational progress.

Company Contact Information

For further inquiries, Alamos Gold encourages reaching 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 is the Quartz Mountain project?

The Quartz Mountain project is a gold exploration asset that Alamos Gold Inc. has sold its option to earn a 100% interest in.

How much did Alamos receive for the Quartz Mountain project?

Alamos received $2.85 million in cash and 13,924,702 shares of Q-Gold, with additional payments up to $21 million as part of the deal.

What are Alamos Gold's main operational sites?

Alamos Gold operates primarily in three major locations: the Island Gold District, the Young-Davidson mine, and the Mulatos District.

Why is Alamos Gold focusing on its core projects?

The focus on core projects allows Alamos to improve operational efficiency and profitability while effectively deploying financial resources.

How can investors learn more about Alamos Gold?

Investors can stay up-to-date with Alamos Gold's progress and strategies through their investor relations team and official updates.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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