Alamos Gold Inc.

Alamos Gold Inc. today reported new results from surface and underground exploration drilling at the Island Gold mine, further extending high-grade gold mineralization beyond existing Mineral Resources in all three areas of focus. All reported drill widths are true width of the mineralized zones, unless otherwise stated. Main Extension Down-Plunge: high-grade mineralization extended 80 metres east of existing Mineral [...]

Alamos Gold Inc. today announced that it has secured amendments to its existing undrawn revolving credit facility including an increase in the size of the Facility from US$400 million to US$500 million on more favourable terms. The Company will benefit from improved pricing under the amended Facility, including undrawn fees of 0.42% and drawn fees of LIBOR plus 1.875% at its current leverage ratio. This is down from [...]

Alamos Gold Inc. today announced that it has filed with and received acceptance from the Toronto Stock Exchange , for a Notice of Intention to make a Normal Course Issuer Bid permitting Alamos to purchase for cancellation up to 28,734,677 Class A Common Shares , representing 10% of the Company’s public float of the Common Shares as of December 11, 2019, being 287,346,778 Common Shares. As at December 11, 2019, there [...]

Alamos Gold Inc. today provided 2020 production and operating guidance. “Alamos remains on track to achieve 2019 production and cost guidance driven by a strong year from both of our Canadian operations. Young-Davidson is having a solid year operationally while making excellent progress on the construction of the lower mine expansion. Island Gold has already established another record for annual production and free [...]

Alamos Gold Inc. today announced that the Company’s Board of Directors has declared a quarterly dividend of US$0.01 per common share. This represents the Company’s 10th consecutive year of paying a dividend during which time the Company has returned $156 million to shareholders through dividends and share buybacks. The dividend is payable on December 20, 2019 to shareholders of record as of the close of [...]

Alamos Gold Inc. today reported its financial results for the quarter ended September 30, 2019. “Our third quarter results were solid, driven by strong performances from Young-Davidson and Island Gold. Total cash costs were down 11% from a year ago and combined with the higher gold price, we generated record operating cash flow, before changes in working capital. With the strong year-to-date performance we remain [...]

Alamos Gold Inc. today reported that it has suspended all construction activities on its Kirazlı project pending the renewal of its Turkish mining concessions which expired on October 13, 2019. Although the mining concessions have not been revoked and can be renewed following this expiration date, no further construction activities can be completed until the concessions have been renewed. The Company has met all the regulatory requirements and conditions for the concessions to be renewed and reasonably expected the renewal by the expiration date. The communities local to the Kirazlı project remain supportive. As such, the Company is working with the Turkish Department of Energy and Natural Resources on securing the renewal of the mining concessions which will allow f... [...]

Alamos Gold Inc. plans to release its third quarter 2019 financial results after market close on Wednesday, October 30, 2019. Senior management will host a conference call on Thursday, October 31, 2019 at 11:00 am ET to discuss the results. Participants may join the conference call by dialling 340-2216 or 273-9672 for calls within Canada and the United States, or via webcast at www.alamosgold.com. A playback will be [...]

Alamos Gold Inc. is pleased to announce that the Mexican Center for Philanthropy , the Alliance for Corporate Social Responsibility in Mexico , and Forum Empresa have named Alamos Gold Best Corporate Social Responsibility Practice 2019 in the category of Connecting with the Community. This award acknowledges the Company’s commitment to corporate social responsibility , highlighting successes with the voluntary [...]

Alamos Gold Inc. today reported new results from surface and underground exploration drilling at the Island Gold Mine, further extending high-grade gold mineralization. All reported drill widths are true width of the mineralized zones, unless otherwise stated. Extending Mineralization in New Area of Focus: high-grade mineralization extended 85 metres west and 75 m below the nearest previously reported intersection in the [...]