Alamos Gold Disclosed Filing, And Receiving Acceptance From The Toronto Stock Exchange Of A Notice Of Intention To Make A Normal Course Issuer Bid To Purchase For Cancellation Up To 34,485,405 Class A Common Shares
Portfolio Pulse from Benzinga Newsdesk
Alamos Gold Inc. has announced its intention to file and has received acceptance from the Toronto Stock Exchange for a Normal Course Issuer Bid (NCIB) to repurchase up to 34,485,405 of its Class A common shares for cancellation.
December 21, 2023 | 11:57 am
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Alamos Gold Inc. plans to repurchase and cancel up to 34,485,405 Class A common shares, which may positively impact shareholder value and stock price.
Share buybacks often lead to a reduction in the number of shares outstanding, which can increase earnings per share and return on equity, typically resulting in a positive short-term impact on the stock price. The announcement reflects the company's confidence in its financial health and future prospects.
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