Alamos Gold Announces Closing of the Sale of its Turkish Development Projects
Alamos Gold (TSX:AGI; NYSE:AGI) announced the closing of the sale of its Turkish development projects Kirazlı, Ağı Dağı and Çamyurt through its Netherlands subsidiaries to Tümad Madencilik Sanayi ve Ticaret A.Ş. for total cash consideration of $470 million.
On closing Alamos received $160 million in cash, and will receive two Anniversary Payments of $160 million at the one-year anniversary and $150 million at the two-year anniversary. The Anniversary Payments are secured by bank guarantees from international financial institutions with investment-grade ratings that were received at closing.
Alamos Gold (TSX:AGI; NYSE:AGI) ha annunciato la chiusura della vendita dei suoi progetti di sviluppo turchi Kirazlı, Ağı Dağı e Çamyurt tramite le sue filiali olandesi a Tümad Madencilik Sanayi ve Ticaret A.Ş. per una controprestazione in contanti totale di $470 milioni.
Al momento della chiusura Alamos ha ricevuto $160 milioni in contanti e riceverà due Pagamenti per l'Anniversario di $160 milioni al primo anniversario e $150 milioni al secondo anniversario. I Pagamenti per l'Anniversario sono garantiti da garanzie bancarie rilasciate da istituzioni finanziarie internazionali con rating investment-grade che sono state ottenute al closing.
Alamos Gold (TSX:AGI; NYSE:AGI) anunció el cierre de la venta de sus proyectos de desarrollo en Turquía Kirazlı, Ağı Dağı y Çamyurt a través de sus filiales en los Países Bajos a Tümad Madencilik Sanayi y Ticaret A.Ş. por una contraprestación total en efectivo de $470 millones.
Al cierre, Alamos recibió $160 millones en efectivo y recibirá dos Pagos de Aniversario de $160 millones en el primer aniversario y $150 millones en el segundo aniversario. Los Pagos de Aniversario están garantizados por garantías bancarias de instituciones financieras internacionales con calificación de grado de inversión que se recibieron al cierre.
Alamos Gold (TSX:AGI; NYSE:AGI)는 네덜란드 자회사를 통해 터키 개발 프로젝트인 Kirazlı, Ağı Dağı 및 Çamyurt의 매각 종료를 Tümad Madencilik Sanayi ve Ticaret A.Ş.에 현금 총액 $470 million으로 발표했습니다.
종료 시 Alamos는 현금으로 $160 million를 받았으며, 1년 차에 $160 million, 2년 차에 $150 million의 두 차례의 기념지급(Anniversary Payments)을 받게 됩니다. 기념지급은 종료 시점에 받은 신용등급 투자등급의 국제금융기관들의 은행보증으로 보장됩니다.
Alamos Gold (TSX:AGI; NYSE:AGI) a annoncé la clôture de la vente de ses projets de développement turcs Kirazlı, Ağı Dağı et Çamyurt par l'intermédiaire de ses filiales néerlandaises à Tümad Madencilik Sanayi et Ticaret A.Ş. pour une contrepartie en espèces totale de $470 million.
Lors de la clôture, Alamos a reçu $160 million en espèces et recevra deux Paiements d'anniversaire de $160 million au premier anniversaire et $150 million au deuxième anniversaire. Les paiements d'anniversaire sont garantis par des garanties bancaires émanant d'institutions financières internationales avec des notations de grade d'investissement reçues lors de la clôture.
Alamos Gold (TSX:AGI; NYSE:AGI) kündigte den Abschluss des Verkaufs seiner türkischen Entwicklungsprojekte Kirazlı, Ağı Dağı und Çamyurt über seine niederländischen Tochtergesellschaften an Tümad Madencilik Sanayi ve Ticaret A.Ş. für eine gesamte Bareinzahlung von $470 million.
Beim Abschluss erhielt Alamos $160 million in bar und wird zwei Anniversary Payments von $160 million am einjährigen Jubiläum und $150 million am zweijährigen Jubiläum erhalten. Die Jubiläumszahlungen sind durch Bankgarantien internationaler Finanzinstitute mit Investment-Grade-Bewertungen gesichert, die zum Abschluss erhalten wurden.
Alamos Gold (TSX:AGI; NYSE:AGI) أعلن عن إغلاق بيع مشاريعه التنموية التركية Kirazlı وAğı Dağı وÇamyurt عبر فروعه الهولندية إلى Tümad Madencilik Sanayi ve Ticaret A.Ş. بمجموع مقابل نقدي قدره $470 million.
عند الإغلاق، تلقى Alamos $160 million نقداً، وسيستلم دفعتين تذكاريتين Anniversary Payments بقيمة $160 million في الذكرى الأولى و$150 million في الذكرى الثانية. الضمانات البنكية مقدمة من مؤسسات مالية دولية ذات تصنيفات استثمارية، والتي تم الحصول عليها عند الإغلاق.
Alamos Gold (TSX:AGI; NYSE:AGI) 宣布通过其荷兰子公司向 Tümad Madencilik Sanayi ve Ticaret A.Ş. 完成对土耳其开发项目 Kirazlı、Ağı Dağı 与 Çamyurt 的出售，总现金对价为 $470 million。
交割时，Alamos 已收到 $160 million 现金，并将于一周年及二周年分别获得两笔 周年付款，金额分别为 $160 million 和 $150 million。周年付款由具有投资级评级的国际金融机构出具的银行担保所保障，担保在交割时已取得。
- Total cash proceeds of $470 million
- Immediate cash receipt of $160 million at closing
- Remaining payments secured by investment-grade bank guarantees
- Balance of $310 million payable over two years, delaying full cash realization
- Future cash receipts dependent on performance of third-party bank guarantees
All amounts are in United States dollars, unless otherwise stated.
TORONTO, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (together with its direct and indirect subsidiaries, “Alamos” or the “Company”) today announced that its wholly owned Netherlands subsidiaries, Alamos Gold Holdings Coöperatief U.A. and Alamos Gold Holdings B.V. (the “Netherlands Subsidiaries”), have completed the sale of Doğu Biga Madencilik Sanayi ve Tic. A.Ş., their wholly owned Turkish subsidiary, which owns the Kirazlı, Ağı Dağı and Çamyurt projects located in northwestern Türkiye, to Tümad Madencilik Sanayi ve Ticaret A.Ş. (“Tümad”), a mining company operating in the Republic of Türkiye, for total cash consideration of
Upon closing, Alamos received
About Alamos
Alamos is a Canadian-based intermediate gold producer with diversified production from three operations in North America. This includes the Island Gold District and Young-Davidson mine in northern Ontario, Canada, and the Mulatos District in Sonora State, Mexico. Additionally, the Company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 2,400 people and is committed to the highest standards of sustainable development. The Company’s shares are traded on the TSX and NYSE under the symbol “AGI”.
FOR FURTHER INFORMATION, PLEASE CONTACT:
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
The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements
Certain of the statements made and information contained herein, other than statements of historical fact and historical information, is “forward-looking information” within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements are generally, but not always, identified by the use of forward-looking terminology such as “will”, “may”, “expect” or variations of such words that certain actions, events or results “could” “might” or “will” occur or be achieved.
Forward-looking statements in this press release include information pertaining to the Transaction, the consideration payable for the Transaction and the timing of payments. Alamos cautions that forward-looking statements are necessarily based upon several factors and assumptions that, while considered reasonable by the Company at the time of making such statements, are inherently subject to significant business, economic, legal, political and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and undue reliance should not be placed on such statements or information.
Risk factors that may affect the Company’s ability to achieve the expectations set forth in the forward-looking statements in this press release include, without limitation: default on either or both of the Anniversary Payments. Additional risk factors are set out in the Company’s latest 40F/Annual Information Form and Management’s Discussion and Analysis, each under the heading “Risk Factors” available on the SEDAR+ website at www.sedarplus.ca or on EDGAR at www.sec.gov, and should be reviewed in conjunction with the information, risk factors and assumptions found in this press release. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
FAQ
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