Argonaut Gold Inc. and Alio Gold Inc. have completed the business combination to create a North American, diversified precious metals producing company with a strong portfolio of growth assets. Pete Dougherty, President and CEO of Argonaut Gold, stated: "By combining Argonaut with Alio, we have created a diversified, intermediate gold producer with [...]
Argonaut Gold Inc. and Alio Gold Inc. are pleased to announce the receipt of the clearance decision from the Comisi?n Federal de Competencia Econ?mica with respect to the pending merger between Argonaut Gold and Alio Gold. COFECE approval was the final government agency approval required before completing the merger, which is anticipated to occur [...]
Argonaut Gold Inc. and Alio Gold Inc. would like to remind shareholders and certain securityholders that they have until 11:30 a.m. or 8:30 a.m. on Friday May 15, 2020 to vote their shares or securities by proxy at the companies’ respective upcoming Annual and Special Meetings. Each of the Argonaut Gold and Alio Gold Board of Directors has [...]
Alio Gold Inc. today reported its first quarter 2020 results. Q1 2020 Highlights and Recent Key Developments Q1 2020 Consolidated Gold production 1 of 16,406 ounces at cash costs 1,2 of $1,276/oz produced. Announced a merger with Argonaut Gold on March 30, 2020. Closing of the sale of the San Francisco Mine to Magna Gold Corp. on May 6, 2020 [...]
Alio Gold Inc. , has completed the previously announced sale of the San Francisco Mine to Magna Gold Corp. . Under the terms of the agreement a subsidiary of Alio Gold, Timmins GoldCorp Mexico S.A. de C.V. , a company organized under the laws of Mexico, has received 9,740,000 common shares of Magna and will receive $5 million in cash within twelve [...]
Argonaut Gold Inc. and Alio Gold Inc. have filed the joint management information circular and related meeting materials in connection with their respective special meetings of securityholders to be held on May 20, 2020. The purpose of the Meetings is to seek approval for a number of matters, including the proposed friendly, at-market merger [...]
Argonaut Gold and Alio Gold are pleased to announce that they have entered into a definitive agreement for an at-market merger whereby Argonaut will acquire all of the issued and outstanding shares of Alio. Under the terms of the Arrangement Agreement, all of the Alio issued and outstanding common shares will be exchanged on the basis of 0.67 of an [...]
Alio Gold Inc. today reported its fourth quarter and year end 2019 results. 2019 Overview and Recent Key Developments 2019 Full-Year Consolidated Gold production1 of 78,838 oz at cash costs1,2 of $1,185/oz. Announced the sale of the San Francisco Mine to Magna Gold Corp. on March 6, 2020. Florida Canyon Q4 2019 operational metrics significantly [...]
Alio Gold Inc. announces that it has entered into a definitive share purchase agreement to sell its wholly-owned subsidiary, Molimentales del Noroeste S.A. de C.V., which owns a 100% interest in the San Francisco mine and the surrounding mineral concessions to Magna Gold Corp.. Under the terms of the Agreement, Alio Gold will receive 9,740,000 [...]
Alio Gold Inc. announces 2020 production and cost guidance. In 2020, Alio Gold expects to produce between 72,500 and 85,000 ounces of gold at cash operating costs of between $1,150 and $1,250 per ounce. Gold Production Cash Costs1 Capital Spending Florida Canyon 60,000 – 70,000 $975 - $1,075 $25M San Francisco 12,500 – 15,000 $1,700 [...]
Alio Gold Inc. , is pleased to announce that a settlement agreement has been signed with Maverix Metals Inc. regarding disputed royalty payments at the Company’s Florida Canyon Mine. The Agreement clarifies the definition of “Allowable Deductions” in calculating the royalty, reduces the royalty amount to 3.0% from 3.25% and [...]
Alio Gold Inc. today announces that it has signed and closed a three-year, $15 million loan facility with Sprott Private Resource Lending II , LP to fund construction of the new Phase II leach pad at Florida Canyon. “This represents another positive step towards achieving our plan for Florida Canyon,” said Mark Backens, President and [...]
