Currently viewing Global edition

Alamos buys, cancels Island Gold NSR

Alamos Gold has acquired and cancelled a 3% net smelter return (NSR) royalty payable on production from the Island Gold mine in Ontario, Canada, for C$75 million, which will immediately reduce operating costs and increase operating cash flow.

Alamos buys, cancels Island Gold NSR Alamos buys, cancels Island Gold NSR Alamos buys, cancels Island Gold NSR Alamos buys, cancels Island Gold NSR Alamos buys, cancels Island Gold NSR

Island Gold mine in Ontario, Canada

The royalty was acquired from a privately held company and was payable on gold production within four patented claims comprising the majority of currently defined mineral reserves and resources of the