Alamos Gold Inc (AGI)

[blackcat]

From earnings statement

TORONTO, ONTARIO -- (Marketwired) -- 02/23/17 -- All amounts are in United States dollars, unless otherwise stated.

Alamos Gold Inc. (TSX: AGI)(NYSE: AGI) ("Alamos" or the "Company") today reported its financial results for the quarter and year ended December 31, 2016 and reviewed its operating, exploration and development activities.

"We demonstrated a significant improvement in our operations in 2016 on several fronts. Production increased to a record 392,000 ounces and we delivered a substantial reduction in operating costs and capital spending. This translated into strong free cash flow growth from our operations, a trend we expect to continue into 2017 with further production growth and cost reductions," said John A. McCluskey, President and Chief Executive Officer.

"The two feasibility studies provided over the past week highlight the strength of our development pipeline with two of the most attractive undeveloped projects in the world. With our recently completed financing, we've greatly strengthened our balance sheet. We expect to be debt free come April and well positioned to support our portfolio of attractive internal growth opportunities including La Yaqui Grande, our Turkish projects and Lynn Lake," Mr. McCluskey added.