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AGI to Lower Debt Levels With Sale of Turkish Development Projects
Alamos Gold Alamos Gold (US:AGI) ZACKS·2025-09-16 01:31

Key Takeaways Alamos Gold will sell its Turkish subsidiary, including Kirazli, Agi Dagi and Camyurt projects.The $470M deal with Tumad will be paid in three installments over two years.AGI will use proceeds to reduce debt and fund Island Gold, Lynn Lake and Puerto Del Aire projects.Alamos Gold Inc. (AGI) announced that its Netherlands subsidiaries have inked a definitive agreement with Tumad Madencilik Sanayi ve Ticaret A.S to sell their fully owned Turkish subsidiary, including Kirazli, Agi Dagi and Camyur ...