Alamos Gold Inc. today reported its financial results for the quarter ended June 30, 2024. "Alamos delivered a record performance in the second quarter. Production exceeded quarterly guidance, increasing to a record 139,100 ounces. Combined with lower costs, this drove a number of financial records including free cash flow of $107 million," said John A. McCluskey, President and Chief Executive Officer. "We also continue [...]
Alamos Gold Inc. today reported new results from underground and surface drilling at the Island Gold Mine. Exploration drilling continues to extend high-grade gold mineralization across the Island Gold Deposit, as well as within several hanging wall and footwall structures. Delineation and definition drilling has defined wide, higher-grade zones within the Island East area. This is expected to drive further growth in [...]
Alamos Gold Inc. has released its annual Environmental, Social, and Governance Report , which outlines the Company's progress on its ESG performance in 2023 across its operations, projects and offices. "During 2023 our Alamos Gold team had the opportunity to reflect on two decades as a Company, and I am proud to say that our dedication to responsible mining has been foundational to achieving one of the best growth [...]
Alamos Gold Inc. today announced that it has entered into a gold sale prepayment agreement for total consideration of $116 million in exchange for the delivery of 49,384 ounces in 2025. The proceeds of the gold prepayment were used to eliminate gold forward purchase contracts, previously entered into by Argonaut Gold , totalling 179,417 ounces in 2024 and 2025 with an average price of $1,838 per ounce. The transaction has [...]
Alamos Gold is pleased to announce the completion of the previously announced acquisition of all the issued and outstanding common shares of Argonaut Gold not already held by Alamos. A Final Order was granted by the Ontario Superior Court of Justice on July 5, 2024 approving the Plan of Arrangement pursuant to which the Transaction was implemented. Approval from the Federal Economic Competition Commission in Mexico was [...]
Alamos Gold Inc. plans to release its second quarter 2024 financial results after market close on Wednesday, July 31, 2024. Senior management will host a conference call on Thursday, August 1, 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: 406-0743 Toll free : 898-3989 Participant passcode: 3723204 [...]
Sidoti Events, LLC, an affiliate of Sidoti & Company, LLC, has released the presentation schedule and weblinks for its two-day June Small-Cap Conference taking place Wednesday and Thursday, June 12-13, 2024. The presentation schedule is subject to change. Please visit www.sidoti.com/events for the most updated version and webinar links. Presentation Schedule *All Times EDT Wednesday, June 12, 2024 8:30-9:00 [...]
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 15 consecutive years during which time $344 million has been returned to shareholders through dividends and share buybacks, including $20 million thus far in 2024. The dividend is payable on June 27, 2024 to shareholders of record as of the close of [...]
Alamos Gold Inc. today reported a summary of the voting results of its Annual General and Special Meeting of Shareholders . Results of the Meeting The Company is reporting the voting results of its Meeting held virtually on Thursday, May 23, 2024. The summary of the results are as follows: Total Shares Voted: 311,400,921 Total Shares Issued and Outstanding: 397,904,654 Total Percentage of Shares Voted: 78.26% 1. Election [...]
Alamos Gold Inc. today reported new results from its underground exploration program at the Young-Davidson mine. Underground exploration drilling from the mid-mine intersected a new style of higher-grade gold mineralization in zones within the hanging wall of the Young-Davidson deposit. These zones are located between 10 and up to 200 metres south of existing infrastructure and Mineral Reserves and Resources, highlighting [...]
Alamos Gold Inc. today reported its financial results for the quarter ended March 31, 2024. "We delivered another strong start to the year across a number of fronts, following a record performance in 2023. Costs were in line with guidance for the quarter and production exceeded guidance led by record production from La Yaqui Grande. With the solid first quarter, we are on track to achieve our full year production and cost [...]
Alamos Gold Inc. and Argonaut Gold Inc. today announced the closing of their previously announced non-brokered private placement, pursuant to which Alamos subscribed for 174,825,175 common shares of Argonaut , representing approximately 13.8% of Argonaut's total outstanding common shares after giving effect to the Private Placement. The Acquired Shares were acquired at a price of C$0.286 per share, for total gross [...]
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