TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (22,167.03, up 59.95 points): Argonaut Gold Inc. (TSX:AR). Mining. Down half a cent, or 1.27 per cent, to 39 cents on 14.4 million shares. Manulife Financial Corp. (TSX:MFC). Finance. Up 40 cents, or 1.20 per cent, to $33.83 on 12.6 million shares. TC Energy Corp. (TSX:TRP). Energy. Up 64 cents, or 1.19 per cent, to $54.44 on 10.8 million shares. Canopy Growth Corp. (TSX:WEED). Healt
Alamos Gold (AGI) to buy its peer Argonaut for $325 million to increase its gold production.
The deal would increase Alamos' gold production to 600,000 ounces per year, with a longer-term production potential of over 900,000 ounces per year, the companies said. Alamos produced 529,300 ounces of gold in 2023. The deal would give Alamos access to Argonaut's Magino mine, located adjacent to Alamos' Island Gold mine in Ontario, Canada.