Argonaut Gold is a Canadian-based gold producer with a portfolio of operations in North America. On March 27, 2024, Argonaut and Alamos entered into an arrangement agreement, as amended on May 24, 2024, whereby Alamos will acquire all of the issued and outstanding shares of Argonaut. As part of the arrangement, Alamos will acquire Argonaut's Magino mine, near Wawa, Ontario. Argonaut's assets in the U.S. and Mexico will be spun out to its existing shareholders as a newly created junior gold producer, SpinCo. As a result, SpinCo is expected to own the Florida Canyon mine, a heap leach operation near Winnemucca, Nevada, and several open-pit gold mines in, Mexico.