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 [...]
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 [...]
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 [...]
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 [...]
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... [...]
Alamos Gold Inc. today reported its financial results for the quarter and year ended December 31, 2018. “Alamos closed 2018 on a high note with record production from Island Gold and a stronger performance from Young-Davidson driving production higher and costs lower in the fourth quarter. This contributed to an 18% increase in full year [...]
Alamos Gold Inc. today reported its updated Mineral Reserves and Resources as of December 31, 2018. For a detailed summary of Mineral Reserves and Resources by project, refer to the tables below. Island Gold Mine Main Zone Longitudinal – 2018 Mineral Reserves Island Gold Mine Main Zone Longitudinal – 2018 Mineral Resources Highlights [...]
Alamos Gold Inc. is pleased to announce that the Company’s Board of Directors has authorized an increase to its dividend to US$0.01 per common share quarterly, from US$0.01 semi-annually. This is expected to double the amount of dividends distributed to shareholders from the $7.8 million paid in 2018. This represents the Company’s 10th [...]
Alamos Gold Inc. plans to release its fourth quarter and year-end 2018 financial results after market close on Wednesday, February 20, 2019. Senior management will host a conference call on Thursday, February 21, 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 [...]
Alamos Gold Inc. today reported fourth quarter and annual 2018 production. The Company also provided 2019 production and operating guidance. “Alamos produced a record 505,000 ounces of gold in 2018, meeting production guidance and marking an 18% increase from 2017. This was driven by strong performances from Mulatos and Island Gold, the [...]
Alamos Gold Inc. today reported new results from surface and underground exploration drilling at the Island Gold Mine. Drilling throughout 2018, including new intercepts from the fourth quarter, 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 [...]
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 25,513,043 Class A Common Shares , representing 10% of the Company’s public float of the Common Shares as of [...]
