Alamos Gold Inc
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Alamos reports record operating cash flows, ups dividend by 25%
Gold miner Alamos Gold (TSX, NYSE: AGI) has announced record cash flow from operations, both for the fourth quarter and full year, with its 2020 financial results release. Production of 426,800 gold oz. for the year (120,400 oz. in the…
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Alamos extends Island Gold zones
Producer Alamos Gold has released exploration results from its Island Gold mine in Ontario, which extend high-grade gold mineralization within the Island Main, East and West zones. Underground drilling at the Island Main zone, completed off of the 840-level exploration…
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Alamos expects Young-Davidson to drive gold output higher next year
Next year, producer Alamos Gold expects the Young-Davidson underground mine in Ontario to drive a 17% production increase over 2020 levels, to 470,000 to 510,000 gold ounces. The increase follows a lower mine expansion that was completed in July. The…
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Alamos records record cash flow in Q3, ups dividend by 33%
In the third quarter, gold producer Alamos Gold generated record cash flow of US$76 million, led by strong operating performance across its three operations in Ontario and Mexico. During the reporting period, Alamos generated 117,100 gold oz., and sold 116,035…
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GOLD: Osisko Royalties grows Canadian precious metals portfolio
QUEBEC – Osisko Gold Royalties has entered into a definitive agreement with Quebec’s Caisse de depot et placement to acquire an outstanding 15% interest in a portfolio of Canadian precious metals royalties for $12.5 million, funded by cash on hand.…
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GOLD: Alamos proceeds with Island Gold shaft expansion
TORONTO – Based on the strong economics of the Phase III Expansion study for the Island Gold mine in Ontario, which includes a new 1,373-metre shaft, Alamos Gold announced that it is proceeding with an expansion of the underground mine…
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JV Article: Monarch Gold focused on producing 100-200,000 ounces of gold annually
For emerging Canadian gold mining company Monarch Gold Corporation (TSX: MQR), 2020 has been anything but a slow period. While other sectors in the mining industry have seen their operations disrupted by the Covid-19 pandemic, the team at Monarch have…
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GOLD: Alamos expands Island Gold with high-grade hits ahead of study release
TORONTO – Alamos Gold has released exploration results from its Island Gold mine in Ontario, which extend high grade areas at the Island East and Main zones, as well as at Island West. The majority of the notable intercepts in…
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GOLD: Alamos posts strong Q1 results, expects to complete Young-Davidson expansion in July
ONTARIO – In the first quarter of the year, Alamos Gold produced 110,800 oz. of gold at all-in sustaining costs (AISC) of US$1,010 per oz. Although the company withdrew its 2020 guidance of 425,000 oz. to 465,000 oz. at AISCs…
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Alamos Gold confirms robbery at Mulatos mine
Management at Alamos Gold’s (TSX: AGI; NYSE: AGI) headquarters in Toronto have confirmed that the company’s wholly owned Mulatos gold mine in Mexico was robbed last week. A group of five heavily-armed robbers made off with an undisclosed amount of gold…
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COVID-19: Ontario and Quebec differ on ‘essential service’ definitions
Yesterday, Ontario Premier Doug Ford and Quebec Premier Francois Legault both ordered the closure of non-essential businesses, effective as of midnight on Tuesday, Mar. 24. Quebec’s shutdown will last three weeks ending April 13, while Ontario’s shutdown is for two…
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GOLD: Alamos to acquire Island Gold royalty for $75M
TORONTO – Alamos Gold has announced that it has entered into an agreement to acquire a 3% net smelter return (NSR) royalty on production from four claims at its Island Gold mine in Ontario for $75 million, reducing its company-wide…
