Create North American Diversified Gold Producer
Argonaut Gold Inc. (TSX: AR) and Alio Gold Inc. (TSX:ALO) have completed the business combination to create a North American, diversified precious metals producing company with a strong portfolio of growth assets.
“By combining Argonaut with Alio, we have created a diversified, intermediate gold producer with four producing mines, an enviable growth asset pipeline and increased capital markets scale,” Pete Dougherty, President and CEO of Argonaut Gold, said.
“On behalf of the entire Argonaut Gold team I would like to personally welcome Paula Rogers and Stephen Lang to the Board of Directors.”
Argonaut common shares will continue trading on the Toronto Stock Exchange with no changes.
Alio shares are expected to cease trading on the NYSE American on July 1, 2020 and be de-listed from the Toronto Stock Exchange after close of business on July 3, 2020.
Argonaut Gold is a Canadian gold company engaged in exploration, mine development and production. Its primary assets are the El Castillo mine and San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico and the Florida Canyon mine in Nevada, USA.
Advanced exploration projects include the Cerro del Gallo project in Guanajuato, Mexico, the Magino project in Ontario, Canada, and the Ana Paula project in Guerrero, Mexico. The Company continues to hold the San Antonio advanced exploration project in Baja California Sur, Mexico and several exploration stage projects, all of which are located in North America.