Alamos Gold (AGI) announced that its wholly owned Netherlands subsidiaries, Alamos Gold Holdings Cooperatief U.A. and Alamos Gold Holdings B.V., have completed the sale of Dou Biga Madencilik Sanayi ve Tic. A.., their wholly owned Turkish subsidiary, which owns the Kirazl, A Da and Camyurt projects located in northwestern Turkiye, to Tumad Madencilik Sanayi ve Ticaret A., a mining company operating in the Republic of Turkiye, for total cash consideration of $470 million. Upon closing, Alamos received $160 million in cash. On the one-year and two-year anniversaries of closing the Transaction, Alamos will receive $160 million and $150 million, respectively
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