Alamos sells royalties

Article Excerpt

ALAMOS GOLD $6.29 (Toronto symbol AGI; TSINetwork Rating: Speculative) (604-681-2802; www.alamosgold.com; Shares o/s: 389.1 million; Market cap: $2.6 billion; Dividend yield: 0.9%) has now received $8 million U.S. in shares of Metalla Royalty & Streaming (symbol MTA on the Toronto Venture Exchange) for royalties on 18 gold mines it does not own. Following the transaction, Alamos owns 6.26% of Metalla. The portfolio of royalties included the following: a 2% royalty on production at the El Realito gold deposit, owned by Agnico Eagle Mines and adjacent to Alamos’s La India mine in Sonora, Mexico; a 1.5% royalty on Monarch Gold’s Wasamac gold project in Quebec; and a 1% royalty on the output of the Beaufor gold mine, also in the province. Most of the other royalties are on exploration stage projects. Alamos Gold is a buy. buy…