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Alamos writes down Turkey assets

Alamos Gold reported a net loss of US$172.5 million for the quarter to June 30 compared to a net profit of $11.7 million in the prior year period and $51.2 million in the March quarter, after taking an impairment charge of $213.8 million, representing the entire carrying value of the Turkish assets.

Alamos writes down Turkey assets Alamos writes down Turkey assets Alamos writes down Turkey assets Alamos writes down Turkey assets Alamos writes down Turkey assets

Alamos Gold's Kirazlı mine in Turkey

The company filed an investment treaty claim against Turkey for expropriation and unfair and inequitable treatment with regard to its Turkish projects.