Alamos Gold Inc. today reported its financial results for the quarter and year ended December 31, 2023. "With the strong finish to the year, we delivered a record operational and financial performance in 2023. Production increased 15% to a record 529,300 ounces, achieving the top end of our increased full year guidance. Costs were also in line with annual guidance and decreased 4% from 2022 reflecting strong performances [...]
Alamos Gold Inc. today reported its updated Mineral Reserves and Resources as of December 31, 2023. For a detailed summary by asset, refer to the tables below. Highlights Global Proven and Probable Mineral Reserves increased 2% to 10.7 million ounces of gold grading 1.65 grams per tonne of gold ), with grades increasing 1%, reflecting higher-grade additions at Island Gold and Puerto Del Aire , and growth at Lynn Lake [...]
Alamos Gold Inc. today reported new results from underground exploration drilling at the Island Gold Mine. Underground exploration drilling continues to extend high-grade gold mineralization across the Island Gold Deposit within the main E1E and C-Zones, as well as several hanging wall and footwall structures in proximity to existing underground infrastructure. These results are expected to contribute to another increase [...]
Alamos Gold Inc. plans to release its fourth quarter and year-end 2023 financial results after market close on Wednesday, February 21, 2024. Senior management will host a conference call on Thursday, February 22, 2024 at 10:00 am ET to discuss the results. Participants may join the conference call via webcast or through the following dial-in numbers: Toronto and International: 340-2217 Toll free : 806-5484 Participant [...]
Orford Mining is pleased to announce that it has entered into a definitive arrangement agreement pursuant to which Alamos Gold has agreed to acquire all of the issued and outstanding common shares of Orford not already owned by Alamos by way of a plan of arrangement, for deemed consideration of C$0.10 per Orford Share, representing a total equity transaction value of approximately C$24 million on a fully diluted [...]
Alamos Gold Inc. is pleased to announce that it has entered into a definitive agreement pursuant to which Alamos will acquire all of the issued and outstanding shares of Orford Mining Corp. by way of a court-approved plan of arrangement . The acquisition will consolidate Alamos' existing ownership of Orford shares through which the Company will add the highly prospective Qiqavik Gold Project, located in Quebec, Canada [...]
Alamos Gold Inc. today reported fourth quarter and annual 2023 production. The Company also provided updated three-year production and operating guidance. "We finished 2023 with another strong quarter, achieving the top end of our increased annual guidance with record production of 529,300 ounces of gold. This represented a 15% increase from 2022, at lower costs, driving a record financial performance and strong free cash [...]
Alamos Gold Inc. today announced that it has filed with, and received acceptance from the Toronto Stock Exchange of, a Notice of Intention to make a Normal Course Issuer Bid permitting Alamos to purchase for cancellation up to 34,485,405 Class A Common Shares , representing 10% of the Company's public float of the Common Shares as at December 14, 2023, being 344,854,056 Common Shares. As at December 14, 2023, there were [...]
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 14 consecutive years during which time $324 million has been returned to shareholders through dividends and share buybacks, including $40 million thus far in 2023. The dividend is payable on December 20, 2023 to shareholders of record as of the close of [...]
Alamos Gold Inc. has released its annual Environmental, Social, and Governance Report , which outlines the Company's progress on its ESG performance in 2022 across its operations, projects and offices, and provides direction on planned initiatives for 2023. "While sustainability has been at the core of our strategy for over 20 years, we have published this report for the last 10 years in order to track the progress of our [...]
Alamos Gold Inc. today reported new results from its near mine and regional exploration drilling program at Island Gold. Underground exploration drilling continues to extend high-grade gold mineralization across the Island Gold Deposit within the main E1E and C-Zones, as well as several hanging wall and footwall structures in proximity to existing underground infrastructure. Additionally, the regional exploration program [...]
Alamos Gold Inc. today reported its financial results for the quarter ended September 30, 2023. "With another strong quarterly performance, we are on pace for a record year both operationally and financially. Production of 135,400 ounces was above our quarterly guidance, putting us on track to set a new record for annual production. Given the strong year-to-date performance, we are raising our full year production [...]