Alamos Gold Inc. today provided an update on the measures it has instituted to prevent the spread of COVID-19 including a 14 day suspension of operations at Island Gold. To date, Alamos has not had any confirmed cases of COVID-19 among any of its employees or contractors and has not experienced any impact to its operations or its supply chain. Over [...]
Alamos Gold Inc. today announced that it has entered into an agreement to acquire and cancel a 3% net smelter return royalty payable on production from the Island Gold mine for total cash consideration of C$75 million . The Royalty was acquired from a privately held company and is payable on gold production within four patented claims that comprise [...]
Alamos Gold Inc. today announced that the Company’s Board of Directors has declared a quarterly dividend of US$0.015 per common share and introduced a Dividend Reinvestment and Share Purchase Plan . Quarterly Dividend Increased 50% As announced in December 2019, the Company has increased its quarterly dividend by 50% to an annual rate of [...]
Alamos Gold Inc. today reported its financial results for the quarter and year ended December 31, 2019. “We reported a solid fourth quarter and 2019. We met our production guidance for the fifth consecutive year, and we met our cost guidance with a 10% reduction in total cash costs from a year ago. Stronger gold prices and lower costs drove a [...]
Alamos Gold Inc. today reported its updated Mineral Reserves and Resources as of December 31, 2019. For a detailed summary of Mineral Reserves and Resources by project, refer to the tables below. Highlights Island Gold’s Mineral Reserves and Resources increased by a combined 921,000 ounces, net of mining depletion, including: 21% increase in [...]
Alamos Gold Inc. plans to release its fourth quarter and year-end 2019 financial results after market close on Wednesday, February 19, 2020. Senior management will host a conference call on Thursday, February 20, 2020 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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
