Alamos stock jumps more than 15% on receiving Kirazli forestry permits

The TSX-listed stock of Canadian intermediate miner Alamos Gold jumped more than 15% Thursday following the company’s premarket announcement that it has received the forestry permits for the eagerly awaited Kirazli gold project, in Turkey – a key component of the Alamos’ near-term growth profile. The project is expected to cost about $170-million, and Alamos has projected to bring the mine on line over the next 18-month period.