Alamos Gold Inc. announced that it has entered into an automatic share purchase plan with a broker in order to facilitate repurchases of Alamos’ Class A common shares under its previously announced normal course issuer bid. Since December 24, 2021, Alamos has purchased 1.0 million shares in total pursuant to the NCIB at an average price of US$7.415 at a cost of $7.4 million, with all the purchases occurring in May 2022.
Alamos Gold Inc. today reported its financial results for the quarter ended March 31, 2022. "Our first quarter production and costs were in line with guidance and with stronger results expected through the year, we remain well positioned to achieve our annual guidance. La Yaqui Grande remains on track for initial production in the third quarter and is expected to drive our production higher and costs significantly lower [...]
Alamos Gold Inc. today announced the groundbreaking for the Island Gold Mine expansion. Already one of the most profitable mines in Canada, the expansion will increase production, lower costs, and be an economic engine for the Algoma region. The expansion will also best position the operation to benefit from additional exploration success. John A. McCluskey, President and Chief Executive Officer, stated: "When we first [...]
Alamos Gold Inc. plans to release its first quarter 2022 financial results after market close on Wednesday, April 27, 2022. Senior management will host a conference call on Thursday, April 28, 2022 at 11:00 am ET to discuss the results. The Company will hold its 2022 Annual General and Special Meeting of Shareholders on Thursday, May 26, 2022. Notice of First Quarter 2022 Results and Conference Call The Company's senior [...]
Alamos Gold Inc. today announced that it has filed its annual information form and 2021 annual report on Form 40-F, including its audited financial statements for the year ended December 31, 2021, with the SEC on EDGAR as well as the Canadian securities authorities on SEDAR. These documents are also available at www.alamosgold.com and a hard copy will be provided to shareholders free-of-charge upon request. About Alamos [...]
Presentation Times and Weblinks Released for Over 100 Presenting Companies Wednesday and Thursday, March 23rd-24th, 2022 Sidoti & Company, LLC has released the presentation schedule and weblinks for its two-day March Small Cap Virtual Conference taking place Wednesday and Thursday, March 23rd-24th, 2022. The links can also be found at www.sidoticonference.com/events. Sidoti Spring 2022 Virtual Small Cap Conference - Group [...]
Alamos Gold Inc. today announced the Closure Plan Amendment for the Island Gold Mine has been filed by the Ontario Government. This represents a significant milestone for the operation, allowing for ramp up of construction activities on the Phase III expansion, including the pre-sink of the shaft which is expected to begin mid-2022. As outlined in the Phase III expansion study released in July 2020, the expansion is [...]
Alamos Gold Inc. today announced that the Company's Board of Directors has declared a quarterly dividend of US$0.025 per common share. The Company has paid dividends for 13 consecutive years during which time $247 million has been returned to shareholders through dividends and share buybacks, including $51 million in 2021. The dividend is payable on March 31, 2022 to shareholders of record as of the close of business on [...]
Alamos Gold Inc. announced today that it has entered into a binding agreement to sell its non-core Esperanza Gold Project located in Morelos State, Mexico to Zacatecas Silver Corp. for total consideration of up to $60 million . The Transaction is comprised of the following: $21 million of total consideration upon closing of the Transaction, including: $5 million in cash; $10 million of Zacatecas Silver shares ; and A [...]
Alamos Gold Inc. today reported its financial results for the quarter and year ended December 31, 2021. "Our Canadian operations performed well in the fourth quarter driving a stronger finish to 2021 and meeting our revised full year production and cost guidance. Young-Davidson had a record year in terms of mining rates and free cash flow and Island Gold had another strong year operationally while advancing the Phase III [...]
Alamos Gold Inc. today reported its updated Mineral Reserves and Resources as of December 31, 2021. For a detailed summary by asset, refer to the tables below. Highlights Global Proven and Probable Mineral Reserves increased 4% to 10.3 million ounces of gold grading 1.58 grams per tonne of gold ), with grades also increasing 5%, reflecting higher grade additions at Island Gold and Mulatos. Mineral Reserves were more than [...]
Alamos Gold Inc. plans to release its fourth quarter and year-end 2021 financial results after market close on Wednesday, February 23, 2022. Senior management will host a conference call on Thursday, February 24, 2022 at 11:00 am ET to discuss the results. Participants may join the conference call via webcast or through the following dial-in numbers: Toronto and International: 406-0743 Toll free : 898-3989 Participant [...]