Alamos Gold (AGI -3.3%) agrees to acquire Esperanza Resources (ESPZF.PK) in a deal worth ~$69M....

|About: Alamos Gold Inc (AGI)|By:, SA News Editor

Alamos Gold (AGI -3.3%) agrees to acquire Esperanza Resources (ESPZF.PK) in a deal worth ~$69M. Esperanza's gold project in Mexico holds 1.5M oz. of gold, and is expected to produce more than 100K oz./year at cash costs below $900/oz. upon completion. CEO John McCluskey says the deal has the potential to grow AGI's Mexican production by more than 50%.