Alamos Gold Secures $116M Deal to Boost Exposure to Rising Gold Prices
Alamos Gold Secures $116M Deal to Boost Exposure to Rising Gold Prices
Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today announced that it has entered into a gold sale prepayment agreement ("gold prepayment") for total consideration of $116 million in exchange for the delivery of 49,384 ounces in 2025. The proceeds of the gold prepayment were used to eliminate gold forward purchase contracts, previously entered into by Argonaut Gold ("Argonaut"), totalling 179,417 ounces in 2024 and 2025 with an average price of $1,838 per ounce. The transaction has eliminated more than half of the Argonaut hedge book and associated mark-to-market liability, while providing significantly increased exposure to rising gold prices.
Alamos Gold Inc.（TSX: AGI, NYSE: AGI）（以下简称“公司”）今日宣布，已进入黄金预付款协议（“黄金预付款”），总对价为1.16亿美元，交换2025年发货的49,384盎司黄金。黄金预付款的收入已用于消除先前由Argonaut Gold（“Argonaut”）进入的黄金远期购买合同，总计2024年和2025年的179,417盎司，平均价格为每盎司$1,838。此交易已消除了Argonaut对冲账面波动和相关的市场价值责任，同时大幅提高了对上涨黄金价格的敏感性。
As part of the recently closed acquisition of Argonaut, Alamos inherited Argonaut's hedge book which included gold forward purchase contracts totaling 329,417 ounces between 2024 and 2027. The average forward prices on the contracts ranged between $1,821 and $1,860 per ounce (Table 1). The transaction has closed out all of the 2024 and 2025 forward purchase contracts.
作为最近完成的Argonaut收购的一部分，Alamos继承了Argonaut的对冲账面，其中包括2024年至2027年的总计329,417盎司黄金远期购买合同。合同的平均远期价格在$1,821至$1,860每盎司之间（表1）。此交易已清算了所有2024年和2025年的远期购买合同。
To fund the closing out of the hedges, Alamos entered into a gold prepayment agreement on attractive terms given the strong forward gold price environment. Under the terms of the gold prepayment, Alamos received total consideration of $116 million in exchange for the delivery of 49,384 ounces in 2025, settled monthly, based on average forward curve prices of $2,524 per ounce. The gold prepayment was executed by Canadian Imperial Bank of Commerce (lead), Bank of Montreal, National Bank of Canada, and ING Capital Markets LLC.
为了为还原对冲状态筹资，Alamos在黄金远期价格繁荣的情况下达成了有吸引力的黄金预付款协议。根据黄金预付款的条款，Alamos收到总对价为1.16亿美元的49,384盎司黄金，以基于$2,524每盎司的平均远期价格每月结算。加拿大帝国商业银行（主要银行）、蒙特利尔银行、National Bank of Canada 和ING Capital Markets LLC一起执行此黄金预付款。
The remaining Argonaut hedge book, inherited by Alamos on the close of the acquisition, consists of forward purchase contracts totaling 150,000 ounces in 2026 and 2027. This is expected to account for less than 12% of total consolidated production over that time frame. The Company will continue to review opportunities to unwind the remaining 2026 and 2027 forward purchase contracts.
Alamos在收购完成时继承的剩余Argonaut对冲账面包括2026和2027年的总计150,000盎司黄金远期购买合同。这预计占到该时间范围内总合并产量不到12%。该公司将继续审查解除剩余2026年和2027年远期购买合同的机会。