Alamos Gold Inc. today reported its financial results for the quarter ended June 30, 2019. “Our operations performed well across the board in the second quarter. Gold production was in line with guidance while total cash costs were down 16% year-over-year, driving stronger margins and record cash flow from operations. This was highlighted by another record quarter of production from Island Gold where we continue to [...]
Alamos Gold Inc. plans to release its second quarter 2019 financial results after market close on Wednesday, July 31, 2019. Senior management will host a conference call on Thursday, August 1, 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 available [...]
Alamos Gold Inc. today reported new results from surface 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. Eastern Extension: additional high-grade mineralization intersected in the previously untested area between the Eastern and Main Extensions. All five intersections drilled to date [...]
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 $147 million to shareholders through dividends and share buybacks. The dividend is payable on June 28, 2019 to shareholders of record as of the close of business [...]
Alamos Gold Inc. today reported it has been granted amendments to its existing operational permits from the Ministry of the Environment, Conservation and Parks, Ontario, allowing for the Phase II expansion of the Island Gold Mine to 1,200 tonnes per day . These amendments were received ahead of schedule and will allow underground mining and mill throughput rates to increase from the previously permitted rate of 1,100 tpd [...]
Alamos Gold Inc. today reported new results from surface and underground exploration and delineation drilling at the Island Gold Mine. Drilling in 2019 continues to extend high-grade gold mineralization across each of the Main, Western, and Eastern Extensions. All reported drill widths are true width of the mineralized zones, unless otherwise stated. Figure 1: Island Gold Mine Longitudinal Figure 2: Island Gold Mine [...]
Alamos Gold Inc. today reported a summary of the voting results of its Annual General Meeting of Shareholders . The Company is also announcing the retirement of Mark Daniel from the Board of Directors and the appointments of J. Robert S. Prichard and Monique Mercier. “On behalf of the Board of Directors and management, I would like to thank Mark Daniel for his contributions and years of dedicated service. Mark has [...]
All amounts are in United States dollars, unless otherwise stated. Alamos Gold Inc. today reported its financial results for the quarter ended March 31, 2019. “Alamos had a solid start to 2019, with strong performances at each operation. This included another record quarter of production from Island Gold, achieving budgeted mining rates at Young-Davidson, producing our two millionth ounce of gold at Mulatos and [...]
Alamos Gold Inc. is pleased to announce that its Mulatos mine produced its two millionth ounce of gold in March 2019. This milestone also marks the end of the 5% NSR royalty that the operation has been paying since the start of production in 2005. At the current gold price, this represents a savings of approximately $65 per ounce, which has already been incorporated into previously disclosed guidance. Matarachi Ceremony [...]
Alamos Gold Inc. today reported that it has entered into an agreement for the sale of a portfolio of non-core royalties to Metalla Royalty & Streaming Ltd. for proceeds of USD$8.0 million in Metalla common shares with the right to receive an additional USD$0.6 million upon Metalla’s exercise of the La Fortuna option. The portfolio of 18 royalties being sold are all on assets not owned by Alamos. This includes a 2 [...]
Alamos Gold Inc. plans to release its first quarter 2019 financial results after market close on Wednesday, May 1, 2019. Senior management will host a conference call on Thursday, May 2, 2019 at 11:00 am ET to discuss the results. The Company will also hold its 2019 Annual Meeting of Shareholders on Thursday, May 2, 2019. The Company has also filed its annual information form and 2018 annual report on Form 40-F, including [...]
Alamos Gold Inc. today reported it has been granted the Operating Permit from the Turkish Department of Energy and Natural Resources allowing for the start of earthworks on the open pit area of the Kirazlı project. As disclosed in January 2019, the Company expects to spend $75 million in 2019 on completing work on the water reservoir and ramping up major construction activities and earthworks. The remaining $60 million of Kirazlı’s total initial capital budget of $152 million will be spent in 2020 with initial production expected by the end of 2020. As outlined in the 2017 feasibility study, Kirazlı has a 44% after-tax internal rate of return and is expected to produce over 100,000 ounces of gold during its first full year of production at mine-site all-in sustaining c... [...]
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