Alamos Gold Inc. today announced that it will be suspending operations at its Mulatos mine until April 30, 2020 and extending the suspension of operations at Island Gold for an additional two-week period. The temporary suspension of operations at Mulatos follows a mandate by the Mexican Government to suspend all non-essential businesses until April 30, 2020 in response to the COVID-19 crisis. The Company will be scaling [...]
Alamos Gold Inc. today announced that it has filed its annual information form and 2019 annual report on Form 40-F, including its audited financial statements for the year ended December 31, 2019, with the SEC on EDGAR as well as the Canadian securities authorities on SEDAR. These documents are also available at www.alamosgold.com and a hard copy will be provided to shareholders free-of-charge upon request. About Alamos [...]
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 the past two weeks, the Company has instituted a number of measures to [...]
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 the majority of currently defined Mineral Reserves and Resources within [...]
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 US$0.06 per common share. The increase is a reflection of the Company’s [...]
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 40% increase in operating cash flow,” said John A. McCluskey [...]
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 Proven and Probable Mineral Reserves to 1.22 million ounces grading 10.37 [...]
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 Canada and the United States, or via webcast at www.alamosgold.com. A [...]
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: high-grade mineralization extended 80 metres east of existing Mineral [...]
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 of LIBOR plus 1.875% at its current leverage ratio. This is down from [...]
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 December 11, 2019, being 287,346,778 Common Shares. As at December 11, 2019, there [...]
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 Gold has already established another record for annual production and free [...]
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