Alamos Gold โคto Net $470 Million from Sale of turkish Assets, Focus on North American Growth
TORONTO,โข ON – Alamos Gold Inc. (AGI)โค announced today โคitโ will sell its Turkish development projects to Tumad Mining for $470 million, a โmove the company says will allow it to significantly reduce debt and concentrate on lower-cost โขgrowth opportunities in North America. The deal, expected to close in the fourth quarter of 2025 pending regulatory approvals, will be paid in three installments.
The firstโ $160 million installment is due upon completion of the transaction. A second payment of $160 million will be received in the first โyear following the closing, with a final $150 million due on โthe second anniversary. Alamos Gold intends โฃto use the proceeds to pay down existing debt and fund key projects including the Island Gold Phase 3+ Expansion, Lynn Lake, and Puerto Del Aire in Mexico.
This strategic divestiture allows AGI to unlock value fromโ its assets and prioritize projects with strong โgrowth potential within North America,โ according to the company.
In its second-quarter 2025 earnings report, Alamos Gold recorded adjusted โearnings of 34 cents per share, exceeding the Zacks Consensus Estimate of 33 cents. Thisโค represents a โ42% increase year-over-year and falls within the company’s previously stated guidance of 74-84 cents. Total revenues forโ the quarter reached $438โฃ million,โ up โfrom $333 million in the same period last year.
Over the past year, Alamos Gold shares haveโ increased in value by โค60%, though โslightly trailing the industry’s 70.6% surge. Theโ company currently holds a Zacks โRank #3 (Hold). Zacks Investment โคResearch also highlights The Mosaic Company โ(MOS), Agnico Eagleโ Mines (AEM), and Carpenter Technology Corporation (CRS) โas perhaps โคstronger buys within the โbasic materials sector.
