Alamos Gold is providing a summary of the voting results of its Annual General and Special Meeting of Shareholders and announcing the appointments of Aoife McGrath as Vice President of Exploration, and Scott Parsons as Vice President of Investor Relations. Results of the Meeting The Company is reporting the voting results of its Meeting held on Wednesday, June 3, 2015 in Toronto, Ontario, Canada. The summary of the [...]
Alamos Gold today reported that the Turkish High Administrative Court has overturned a Lower Court ruling that cancelled permits granted to Alamos by the Ministry of the Environment and Urbanization. The Environmental Impact Assessment certificate for the Kirazli gold project has now been reinstated. The Ministry previously signed and issued formal approval in the form of an EIA Positive Decision Certificate for Kirazli [...]
Alamos Gold and AuRico Gold today announced that Alamos and AuRico have been granted an interim order from the Ontario Superior Court of Justice authorizing various matters, including the holding of special meetings of Alamos and AuRico shareholders to consider the proposed plan of arrangement to combine the two companies, and the mailing of the joint information circular. The special meetings of Alamos and AuRico [...]
Alamos Gold today reported its financial results for the quarter ended March 31, 2015 and reviewed its operating, exploration and development activities. "Production of 38,000 ounces of gold in the first quarter of 2015 was consistent with our expectations while total cash costs of $805 per ounce were below our full year guidance. Our open pit, heap leach operations at Mulatos performed very well and we remain on track to [...]
Alamos Gold today reported that the injunction order granted against the Turkish Ministry of the Environment and Urbanization's (the "Ministry") approval of the Environmental Impact Assessment ("EIA") for the Agi Dagi gold project has been dismissed by the Çanakkale Administrative Court. With this ruling, the Ministry's approval of the EIA has been returned to good standing. The Ministry previously signed and [...]
Alamos Gold today announced that the Company's Board of Directors has declared a semi-annual dividend of US$0.03 per common share and introduced a Dividend Reinvestment and Share Purchase Plan. Semi-Annual Dividend This represents the Company's 11th consecutive semi-annual dividend and once again demonstrates its commitment to returning value to shareholders. Including the current dividend, the Company has returned a [...]
Alamos Gold today announced the closing of its previously announced non-brokered private placement pursuant to which Alamos subscribed for approximately 27.9 million common shares of AuRico Gold, representing approximately 9.9% of AuRico's outstanding common shares after giving effect to the private placement. The common shares were acquired at a price of US$2.99 per share, equal to AuRico's closing price on the New York [...]
Alamos Gold and AuRico Gold are pleased to announce that they have entered into a definitive agreement to combine their respective companies by way of a plan of arrangement, creating a new, leading intermediate gold producer. The Merger combines two top-quality, highly-complementary asset portfolios, including two long-life, cash flow-generating gold mines: AuRico's Young-Davidson mine in Ontario, Canada, and Alamos [...]
Alamos Gold plans to release its first quarter 2015 financial results before the start of trading on Thursday, May 7, 2015. Senior management will host a conference call at 12:00 pm ET on that day to discuss the results. The Company will hold its 2015 Annual Meeting of Shareholders on Wednesday, June 3, 2015. The Company also announced today that it has filed its 2014 annual report on Form 40-F, including its audited [...]
Alamos Gold today reported its updated mineral reserves and resources as of December 31, 2014. For a detailed summary of mineral reserves and resources by project, refer to the table below. Highlights Proven and Probable mineral reserves at Mulatos of 1.73 million ounces of gold, which at current throughput rates, implies a remaining reserve life of approximately seven years Total Mulatos open pit, heap leach mineral [...]
Alamos Gold today reported its financial results for the quarter and year ended December 31, 2014 and reviewed its operating, exploration and development activities. "We produced 140,500 ounces of gold in 2014 at total cash costs of $703 per ounce. Despite lower production from the mill in 2014, our operating costs remained at the low end of our full year guidance, driven by another strong performance from our open pit [...]
Alamos Gold plans to release its fourth quarter and year-end 2014 financial results before the start of trading on Thursday, February 19, 2015. Senior management will host a conference call at 12:00 pm ET on that day to discuss the results. Participants may join the conference call by dialling (416) 340-8527 or (877) 677-0837 for calls within Canada and the United States, or via webcast at www.alamosgold.com. A playback [...]