Alamos Gold Reports Delay in Mining Concession Renewal for Kirazli Project
Alamos Gold Inc. Class A Common Shares (AGI)
Last alamos gold inc. class a common shares earnings: 4/29 05:00 pm
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alamosgold.com/investors/presentations/default.aspx
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Source: GlobeNewswire
TORONTO, Oct. 14, 2019 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported that it has suspended all construction activities on its Kirazli project pending the renewal of its Turkish mining concessions which expired on October 13, 2019. Although the mining concessions have not been revoked and can be renewed following this expiration date, no further construction activities can be completed until the concessions have been renewed. The Company has met all the regulatory requirements and conditions for the concessions to be renewed and reasonably expected the renewal by the expiration date. The communities local to the Kirazli project remain supportive. As such, the Company is working with the Turkish Department of Energy and Natural Resources on securing the renewal of the mining concessions which will allow for a resumption of construction activities. The renewal is required from the same government department that granted the Operati
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