Canadian gold miner investing in Turkey

Posted on 06 November 2012

Istanbul, 1 November 2012 – Alamos Gold, the Canadian gold mining company, has announced plans to invest 1 billion USD in the Biga peninsula in westernTurkey. The investment will be spread over two projects, Kirazli and Agi Dagi. The company has already invested 35 million USD in feasibility studies and is hoping the two projects will deliver 9 million ounces of silver and 2 million ounces of gold. Alamos Founder and CEO, John McCluskey, said the two projects will create 800 jobs. Source: Invest inTurkey

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