A look behind the Alamos acquisition of Richmont
The Junior Miner Junky David Erfle shares his thoughts on the Alamos Gold acquisition of Richmont Mines. The deal comes in at almost C$1billion and is an all share transaction.
A side note of the deal that is most noteworthy to us is where Richmont’s Quebec properties are going. Monarques Gold is taking these Quebec properties which changes that overall company.
We also look at the factors driving gold and gold stocks and the relationship between the two.
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