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Argonaut Gold and Alio Gold to Merge

Argonaut Gold and Alio Gold have announced a friendly at-market merger between the two members in which Argonaut will issue .67 shares for every share of Alio.

“Combining complementary assets into one larger, more relevant company generates significant synergies. With a solid production base of over 235,000 gold equivalent ounces expected this year, a strong balance sheet and strong cash flow generation at current gold prices, we will be well positioned to evaluate and execute on growth opportunities from within the combined company’s development asset portfolio.”
Pete Dougherty, Argonaut President & CEO

The move is part of a larger attempt to reverse a decline in the share prices of both miners that predates the recent market sell-off.


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