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Acquisition of Richmond Mines Ltd. Acquisition of Richmond Mines Ltd. | 12 Months Ended
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Dec. 31, 2018
Disclosure of detailed information about business combination [abstract] |
Acquisition of Richmond Mines Ltd. |
5. | ACQUISITION OF RICHMONT MINES INC.
On November 23, 2017, the Company completed a plan of arrangement whereby all of the issued and outstanding common shares of Richmont Mines Inc. ("Richmont") were exchanged on the basis of 1.385 Alamos common shares for each Richmont common share. Richmont owned and operated the Island Gold mine in Ontario, Canada. The Company determined that the acquisition was a business combination in accordance with the definition in IFRS 3, Business Combinations, and as such has accounted for it in accordance with the standard, with Alamos being the accounting acquirer on November 23, 2017. Upon closing of the Arrangement, Alamos issued 88,398,804 common shares pursuant to the Arrangement with a fair value of $615.3 million to the former Richmont shareholders. During the year, the Company finalized the purchase price allocation, which did not result in any adjustment to the preliminary values allocated to the net assets acquired. The following table summarizes the final fair value of the total consideration transferred from Alamos shareholders and the fair value of identified assets acquired and liabilities assumed:
Consideration transferred |
Common shares issued |  | $615.3 |
Replacement of long-term incentive instruments | 12.1 |
| $627.4 |
Net assets acquired |
Cash and cash equivalents |  | $46.2 |
Equity securities | 11.7 |
Current assets, excluding cash and cash equivalents and equity securities | 22.5 |
Mineral property, plant and equipment | 774.3 |
Current liabilities | (21.2 | )
Long-term liabilities | (4.6 | )
Deferred income taxes | (201.5 | )
| $627.4 |

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- Definition The entire disclosure for business combinations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 3 -IssueDate 2018-01-01 -Section Disclosures -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=3&date=2018-03-01&anchor=sect_Disclosures&doctype=Standard -URIDate 2018-03-16 + Details
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