Turkish Assets

Alamos Gold will sell its Turkish assets for $470 million to Tümad, payable over two years with bank guarantees. This strategic divestiture allows Alamos to focus on North American growth projects like Island Gold and Lynn Lake, reduce debt, and resolve pending arbitration. The transaction is expected to close in Q4 2025, pending regulatory approval. Proceeds will fund expansion projects and strengthen the balance sheet. Although exiting the Turkish market, the deal offers a secure financial return and a de-risked portfolio.