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News: $AGI Alamos Gold Provides Notice of Third Quarter 2019 Results and Conference Call
TORONTO, Oct. 04, 2019 (GLOBE NEWSWIRE) -- Alamos Gold Inc. ( TSX:AGI; NYSE:AGI ) (“Alamos” or the “Company”) plans to release its third quarter 2019 financial results after market close on Wednesday, October 30, 2019. Senior management will host a conference c...
In case you are interested AGI - Alamos Gold Provides Notice of Third Quarter 2019 Results and Conference Call
I've been adding a little here and there. I don't trade it much.
Alamos Gold (AGI) Moves to Strong Buy: Rationale Behind the Upgrade
CONTRIBUTOR
Zacks Equity Research Zacks
PUBLISHED
OCT 1, 2019 9:00AM EDT
Alamos Gold (AGI) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
As such, the Zacks rating upgrade for Alamos Gold is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
For Alamos Gold, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Can Alamos Gold Stock Price Go Higher?
•Published on 7 Aug 2019
justmining Stocks
blackcat thank you, Alamos Gold Inc. AGI has been struggling lately, but the selling pressure may be coming to an end soon.
That is because AGI recently saw a Hammer Chart Pattern which
can signal that the stock is nearing a bottom.
What is a Hammer Chart Pattern?
A hammer chart pattern is a popular technical indicator
that is used in candlestick charting.
The hammer appears when a stock tumbles during the day,
but then finds strength at some point in the session to
close near or above its opening price.
This forms a candlestick that resembles a hammer, and it
can suggest that the market has found a low point in
the stock, and that better days are ahead.
Other Factors
Plus, earnings estimates have been rising for this company,
even despite the sluggish trading lately.
In just the past 60 days alone 4 estimates have gone higher,
compared to none lower, while the consensus estimate
has also moved in the right direction.
Estimates have actually risen so much that the stock now has
ex. a Zacks Rank #1 (Strong Buy) suggesting this relatively
unloved stock could be due for a breakout soon.
This will be especially true if AGI stock can build momentum
from here and find a way to continue higher of off this encouraging
trading development.
You can see the complete list of today’s Zacks #1 Rank
(Strong Buy) stocks here....
ex....
Stock Set to Double -
Zacks experts released their pick to gain +100% or more in 2020.
Ex.
Alamos Gold wins sustainability award
Michael McCrae Michael McCrae
Monday September 16, 2019 15:17
Kitco NewsShare this article:
Editor's Note: We are proud to unveil our new mining page, an entire
space dedicated to up-to-the-minute news, with exclusive industry
interviews and all the relevant information you need, rounded in up
in one spot.
Who is merging? Who is Buying? Who is Digging? We got you covered!
Image courtesy of Alamos Gold
Responsibility Practice 2019 by the Mexican Center for Philanthropy
(Cemefi), the Alliance for Corporate Social Responsibility in Mexico
(AliaRSE), and Forum Empresa.
The award highlighted Alamos Gold's voluntary relocation of residents
from Mulatos to Matarachi.
The Mexican miner also built 21 new homes, a new school, church and
medical clinic.
"We are honored to be receiving this Award for our commitment and
leadership in corporate social responsibility in Mexico.
As a company, sustainability and corporate social responsibility are
core values which are incorporated into activities at all our
operations," said John A. McCluskey, President and CEO.
Alamos Gold is a Canadian-based intermediate gold producer.
By Michael McCrae
For Kitco News
Contact mmccrae@kitco.com
www.kitco.com
The award highlighted Alamos Gold's voluntary relocation of residents from Mulatos to Matarachi.
https://www.kitco.com/news/2019-09-16/Alamos-Gold-wins-sustainability-award.html
https://www.alamosgold.com/s/Home.asp
https://www.alamosgold.com/home/default.aspx#newsSection
https://www.alamosgold.com/news-and-media/gallery/default.aspx
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Nice to read that!
Alamos Gold wins sustainability award
Michael McCrae Michael McCrae
Monday September 16, 2019 15:17
Kitco NewsShare this article:
Editor's Note: We are proud to unveil our new mining page, an entire
space dedicated to up-to-the-minute news, with exclusive industry
interviews and all the relevant information you need, rounded in up
in one spot.
Who is merging? Who is Buying? Who is Digging? We got you covered!
Image courtesy of Alamos Gold
Responsibility Practice 2019 by the Mexican Center for Philanthropy
(Cemefi), the Alliance for Corporate Social Responsibility in Mexico
(AliaRSE), and Forum Empresa.
The award highlighted Alamos Gold's voluntary relocation of residents
from Mulatos to Matarachi.
The Mexican miner also built 21 new homes, a new school, church and
medical clinic.
"We are honored to be receiving this Award for our commitment and
leadership in corporate social responsibility in Mexico.
As a company, sustainability and corporate social responsibility are
core values which are incorporated into activities at all our
operations," said John A. McCluskey, President and CEO.
Alamos Gold is a Canadian-based intermediate gold producer.
By Michael McCrae
For Kitco News
Contact mmccrae@kitco.com
www.kitco.com
https://www.kitco.com/news/2019-09-16/Alamos-Gold-wins-sustainability-award.html
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Alamos Gold Declares Quarterly Dividend
Alamos Gold (NYSE:AGI)
https://ih.advfn.com/stock-market/NYSE/alamos-gold-AGI/stock-news/80630174/alamos-gold-declares-quarterly-dividend
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today
announced that the Company’s Board of Directors has declared a
quarterly dividend of US$0.01 per common share.
This represents the Company’s 10th consecutive year of paying a
dividend during which time the Company has returned $152 million to
shareholders through dividends and share buybacks.
The dividend is payable on September 30, 2019 to shareholders of
record as of the close of business on September 16, 2019.
This dividend qualifies as an “eligible dividend”
for Canadian income tax purposes.
About Alamos
Alamos is a Canadian-based intermediate gold producer with diversified
production from four operating mines in North America.
This includes the Young-Davidson and Island Gold mines in northern
Ontario, Canada and the Mulatos and El Chanate mines in Sonora State,
Mexico.
Additionally, the Company has a significant portfolio of development
stage projects in Canada, Mexico, Turkey, and the United States.
Alamos employs more than 1,700 people and is committed to the highest
standards of sustainable development.
The Company’s shares are traded on the TSX and NYSE under the symbol
“AGI”.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Scott K. Parsons
Vice President, Investor Relations
(416) 368-9932 x 5439
All amounts are in United States dollars, unless otherwise stated.
The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
How weird is that? And why on earth would anyone do it? Makes no sense.
Alamos Gold Inc. Canadian Comp. MAIN Exchange: Mother Board TSX Exchange Deleted on ihub! | Aug 6, 2019, 11:57 PM EDT logo
AGI $ 9.69 real time data Change Up Change:
+ $0.32 (3.42%)
Volume: 1,735,748 Real-time price
Day Low 9.59 Day High 10.03
52 Week Low 3.88 52 Week High 10.03
EARNINGS ALERT: 07/31/19 ADD TO PORTFOLIO TRADE AGI NOW
All messages since 10yrs back all gone!?
Well;, stockhouse might have some -
to bad that investors research NOT wanted ! -
All they do are to delete, delete all they been told to do? -
https://stockhouse.com/companies/quote?symbol=t.agi
the bankster evils will lose their fake fiat slave currency -
sooner or later but the damage the evils do to the country -
only more and more severe and make it more easy for China,
Russia, India to take it all!
God Bless
Alamos Gold Inc. Class A Exchange: New York Stock Exchange | Aug 2, 2019, 10:39 AM EDT
AGI:US $7.145 Change Up Change: $0.035 (0.49%) Volume: 838,085
Day Low 7.01 Day High 7.155
52 Week Low 2.90 52 Week High 7.12
It's a long hike back UP ^ will it FLY ^^^^ * ^^^^
very undervalued and oversold ^^^^ it's overdue to FLY ^^*^^
Alamos Gold Inc.
Exchange: TSX Exchange | Aug 2, 2019, 10:44 AM EDT logo
AGI $9.51 real time data
Change Up Change: $0.14 (1.49%) Volume: 365,590 Real-time price
Day Low 9.30 Day High 9.52
52 Week Low 3.88 52 Week High 9.42
Alamos Reports Second Quarter 2019 Results
T.AGI
Strong Margin Expansion Drives Record Cash Flow From Operations of $72 Million
TORONTO, July 31, 2019 (GLOBE NEWSWIRE) --
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported its financial results for the quarter ended June 30, 2019.
https://www.alamosgold.com/news-and-media/news-releases/news-releases-details/2019/Alamos-Reports-Second-Quarter-2019-Results/default.aspx
https://stockhouse.com/news/press-releases/2019/07/31/alamos-reports-second-quarter-2019-results
“Our operations performed well across the board in the second quarter.
Gold production was in line with guidance while total cash costs were down 16% year- over-year, driving stronger margins and record cash flow from operations.
This was highlighted by another record quarter of production from Island Gold where we continue to see excellent exploration results.
With solid first half performance, we are well positioned to meet full year production and cost guidance,” said John A. McCluskey, President and Chief Executive Officer.
“The lower mine expansion at Young-Davidson is progressing well and construction activities at our Cerro Pelon and Kirazli projects continue.
Each remain on track and we are now less than a year away from starting to see the benefit from these projects through strong free cash flow growth,”
Mr. McCluskey added.
Second Quarter 2019
Produced 125,200 ounces of gold, in-line with guidance and the second quarter of 2018
Record gold production of 39,500 ounces at Island Gold.
This marks the third consecutive quarter of record production, driving mine-site free cash flow of $11.7 million at Island Gold.
Through the first half of 2019, Island Gold produced 75,100 ounces and generated $28.3 million of mine-site free cash flow1
Achieved underground mining rates of 6,700 tonnes per day ("tpd") at Young-Davidson, and produced 45,000 ounces of gold, consistent with annual guidance
Record cash flow from operating activities of $72.3 million ($69.7 million, or $0.18 per share, before changes in working capital1), reflecting higher operating margins driven by lower costs, and higher gold sales
Consolidated total cash costs1 of $699 per ounce were below the low end of guidance, and $133 per ounce, or 16% lower than the second quarter of 2018, driven by low cost production at Island Gold and lower than budgeted costs at Mulatos
All-in sustaining costs ("AISC")1 of $926 per ounce, and cost of sales of $1,021 per ounce were both at the low end of annual guidance, and down 7% and 12%, respectively, from the second quarter of 2018
Sold 128,457 ounces of gold at an average realized price of $1,309 per ounce, in-line with the average London PM Fix, for revenues of $168.1 million
Reported adjusted net earnings1 of $17.7 million, or $0.05 per share1, which includes adjustments for unrealized foreign exchange gains recorded within both deferred taxes and foreign exchange of $7.1 million, partially offset by other one-time losses totaling $1.2 million
Realized net earnings of $23.6 million, or $0.06 per share
Ended the quarter with cash and cash equivalents of $183.2 million and no debt
Repurchased 0.2 million shares in the quarter, for a total of 2.7 million shares repurchased and canceled during the first half of 2019 at a cost of $11.4 million,
or $4.17 per share.
Received permit approval for the Phase II expansion of Island Gold to 1,200 tpd
Advanced construction activities at both the Kirazli project in
Turkey and the Cerro Pelon project in Mexico
Received approval of the environmental impact assessment for
La Yaqui Grande project in Mexico during the second quarter and
the Change in Land Use permit in July 2019
Continued to demonstrate exploration success at Island Gold with results
from surface exploration drilling further extending high-grade
gold mineralization between the Eastern and Main extensions
(1) Refer to the “Non-GAAP Measures and Additional GAAP Measures”
disclosure at the end of this press release and associated MD&A for a
description and calculation of these measures.
Highlight Summary
https://www.alamosgold.com/news-and-media/news-releases/news-releases-details/2019/Alamos-Reports-Second-Quarter-2019-Results/default.aspx
https://stockhouse.com/news/press-releases/2019/07/31/alamos-reports-second-quarter-2019-results
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
What Alamos Gold is still trading ?.....
Why I thought they got taken on over or something.....
Must be be thinking of somebody else - Perhaps Atltantic
Anyways good company by the looks of your link
Not to mention by the looks of their chart
Earnings released yesterday ?.......hmmmmmm
Okay.........Now what ?
PS : Hey have U seen palladium ? Talk about nuts ! Why, that stuff fell 1000 bucks in 2 days. Weird.
Very nice report!
Alamos Reports Second Quarter 2019 Results
T.AGI
Strong Margin Expansion Drives Record Cash Flow From Operations of $72 Million
TORONTO, July 31, 2019 (GLOBE NEWSWIRE) --
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported its financial results for the quarter ended June 30, 2019.
https://www.alamosgold.com/news-and-media/news-releases/news-releases-details/2019/Alamos-Reports-Second-Quarter-2019-Results/default.aspx
https://stockhouse.com/news/press-releases/2019/07/31/alamos-reports-second-quarter-2019-results
“Our operations performed well across the board in the second quarter.
Gold production was in line with guidance while total cash costs were down 16% year- over-year, driving stronger margins and record cash flow from operations.
This was highlighted by another record quarter of production from Island Gold where we continue to see excellent exploration results.
With solid first half performance, we are well positioned to meet full year production and cost guidance,” said John A. McCluskey, President and Chief Executive Officer.
“The lower mine expansion at Young-Davidson is progressing well and construction activities at our Cerro Pelon and Kirazli projects continue.
Each remain on track and we are now less than a year away from starting to see the benefit from these projects through strong free cash flow growth,”
Mr. McCluskey added.
Second Quarter 2019
Produced 125,200 ounces of gold, in-line with guidance and the second quarter of 2018
Record gold production of 39,500 ounces at Island Gold.
This marks the third consecutive quarter of record production, driving mine-site free cash flow of $11.7 million at Island Gold.
Through the first half of 2019, Island Gold produced 75,100 ounces and generated $28.3 million of mine-site free cash flow1
Achieved underground mining rates of 6,700 tonnes per day ("tpd") at Young-Davidson, and produced 45,000 ounces of gold, consistent with annual guidance
Record cash flow from operating activities of $72.3 million ($69.7 million, or $0.18 per share, before changes in working capital1), reflecting higher operating margins driven by lower costs, and higher gold sales
Consolidated total cash costs1 of $699 per ounce were below the low end of guidance, and $133 per ounce, or 16% lower than the second quarter of 2018, driven by low cost production at Island Gold and lower than budgeted costs at Mulatos
All-in sustaining costs ("AISC")1 of $926 per ounce, and cost of sales of $1,021 per ounce were both at the low end of annual guidance, and down 7% and 12%, respectively, from the second quarter of 2018
Sold 128,457 ounces of gold at an average realized price of $1,309 per ounce, in-line with the average London PM Fix, for revenues of $168.1 million
Reported adjusted net earnings1 of $17.7 million, or $0.05 per share1, which includes adjustments for unrealized foreign exchange gains recorded within both deferred taxes and foreign exchange of $7.1 million, partially offset by other one-time losses totaling $1.2 million
Realized net earnings of $23.6 million, or $0.06 per share
Ended the quarter with cash and cash equivalents of $183.2 million and no debt
Repurchased 0.2 million shares in the quarter, for a total of 2.7 million shares repurchased and canceled during the first half of 2019 at a cost of $11.4 million,
or $4.17 per share.
Received permit approval for the Phase II expansion of Island Gold to 1,200 tpd
Advanced construction activities at both the Kirazli project in
Turkey and the Cerro Pelon project in Mexico
Received approval of the environmental impact assessment for
La Yaqui Grande project in Mexico during the second quarter and
the Change in Land Use permit in July 2019
Continued to demonstrate exploration success at Island Gold with results
from surface exploration drilling further extending high-grade
gold mineralization between the Eastern and Main extensions
(1) Refer to the “Non-GAAP Measures and Additional GAAP Measures”
disclosure at the end of this press release and associated MD&A for a
description and calculation of these measures.
Highlight Summary
https://www.alamosgold.com/news-and-media/news-releases/news-releases-details/2019/Alamos-Reports-Second-Quarter-2019-Results/default.aspx
https://stockhouse.com/news/press-releases/2019/07/31/alamos-reports-second-quarter-2019-results
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
blackcat good for you, Gold $87,000 per ounce at Least -
Bill Holter & Jim Sinclair –
2,628 views
Greg Hunter
Published on Jul 9, 2019
Good stock for me. I just hold my position- add a little every once in awhile when it has a big down day.
Alamos Gold (AGI) Is An Incredible Growth Stock: 3 Reasons Why
By Zacks Investment ResearchStock Markets
2 hours ago (Jul 09, 2019 08:45AM ET)
https://www.investing.com/analysis/alamos-gold-agi-is-an-incredible-growth-stock-3-reasons-why-200437995
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.
However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.
Alamos Gold (AGI) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.
Studies have shown that stocks with the best growth features consistently outperform the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this gold mining company is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Alamos Gold is 11.8%, investors should actually focus on the projected growth. The company's EPS is expected to grow 152% this year, crushing the industry average, which calls for EPS growth of 34.6%.
Cash Flow Growth
Cash is the lifeblood of any business, but higher-than-average cash flow growth is more beneficial and important for growth-oriented companies than for mature companies. That's because, high cash accumulation enables these companies to undertake new projects without raising expensive outside funds.
Right now, year-over-year cash flow growth for Alamos Gold is 14.4%, which is higher than many of its peers. In fact, the rate compares to the industry average of -7.6%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 11.8% over the past 3-5 years versus the industry average of 9.1%.
Promising Earnings Estimate Revisions
Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for Alamos Gold. The Zacks Consensus Estimate for the current year has surged 2.2% over the past month.
Bottom Line
Alamos Gold has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions Alamos Gold well for outperformance, so growth investors may want to bet on it.
Alamos Gold Inc. (AGI): Free Stock Analysis Report
Original post
Zacks Investment Research
Alamos Gold
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Alamos Gold Provides Notice of Second Quarter 2019 Results and Conference Call
TORONTO, July 03, 2019 (GLOBE NEWSWIRE) --
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) plans to release its second quarter 2019 financial results after market close on Wednesday, July 31, 2019. Senior management will host a conference call on Thursday, August 1, 2019 at 11:00 am ET to discuss the results.
Participants may join the conference call by dialling (416) 340-2216 or (800) 273-9672 for calls within Canada and the United States, or via webcast at www.alamosgold.com.
A playback will be available until September 1, 2019 by dialling (905) 694-9451 or (800) 408-3053 within Canada and the United States. The pass code is 2634152#. The webcast will be archived at www.alamosgold.com.
About Alamos
Alamos is a Canadian-based intermediate gold producer with diversified production from four operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos and El Chanate mines in Sonora State, Mexico. Additionally, the Company has a significant portfolio of development stage projects in Canada, Mexico, Turkey, and the United States. Alamos employs more than 1,700 people and is committed to the highest standards of sustainable development. The Company’s shares are traded on the TSX and NYSE under the symbol “AGI”.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Scott K. Parsons
Vice President, Investor Relations
(416) 368-9932 x 5439
All amounts are in United States dollars, unless otherwise stated.
The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.
High grades continue at Alamos Island Gold mine
Canadian Mining Journal Staff | June 11, 2019 | 3:31 pm
Alamos Gold of Toronto continues to cut high grades in a new area of
focus between the Eastern and Main extensions at Island Gold.
The gap between the two extensions is located within a 500 metre area
between inferred resource blocks and is only 1,000 metres from surface.
Near the Eastern extension, highlights include
102.74 g/t gold
(58.62 g/t cut) over 3.9 metres, and
31.66 g/t (31.66 g/t cut) over 3.0 metres.
The recently drilled high grades near the Main extension are
90 metres east of the previously reported intersection.
Some highlights:
24.08 g/t gold (14.21 g/t cut) over 6.3 metres, and
6.01 g/t (6.01 g/t cut) over 10.0 metres.
Alamos says the focus of its 2019 exploration drill program at
Island Gold has been to expand the down plunge and
lateral extensions of the deposit.
Successful results put the company closer to its goal of adding
new near-mine resources across the 2-km-long Main zone.
A total of 17,973 metres of surface drilling has been
completed so far this year.
The total program includes 48,000 metres of surface directional
drilling,
30,000 metres of underground drilling,
35,000 metres of delineation drilling, and
917 metres of drift development.
Alamos received the necessary permits to go forward with a
phase two expansion to 1,200 t/d at Island Gold in May.
(This article originally appeared in the Canadian Mining Journal)
SIGN UP FOR THE PRECIOUS METALS DIGEST
https://www.mining.com/high-grades-continue-at-alamos-island-gold-mine/
God Bless
Alamos Gold Continues to Intersect High-Grade Mineralization in New Area of Focus Between Eastern and Main Extensions at Island Gold
TORONTO, June 10, 2019 (GLOBE NEWSWIRE) --
https://www.alamosgold.com/news-and-media/news-releases/news-releases-details/2019/Alamos-Gold-Continues-to-Intersect-High-Grade-Mineralization-in-New-Area-of-Focus-Between-Eastern-and-Main-Extensions-at-Island-Gold/default.aspx
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported new results from surface exploration drilling at the Island Gold Mine, further extending high-grade gold mineralization. All reported drill widths are true width of the mineralized zones, unless otherwise stated.
Eastern Extension: additional high-grade mineralization intersected in the previously untested area between the Eastern and Main Extensions. All five intersections drilled to date in this recently discovered area have intersected ore grade gold mineralization. This area is located within a 500 metre (“m”) gap between Inferred Mineral Resource blocks, and is only 1,000 m from surface and relatively close to existing infrastructure. New highlights include:
102.74 g/t Au (58.62 g/t cut) over 3.94 m (MH18-05); and
31.66 g/t Au (31.66 g/t cut) over 2.95 m (MH18-04);
Main Extension: high-grade mineralization extended 90 m east from the nearest previously reported intersection (MH17-01). High-grade mineralization has been extended over 1,000 m east of current mine workings and remains open along strike to the east and both up and down-plunge. New highlights include:
24.08 g/t Au (14.21 g/t cut) over 6.27 m (MH17-06); and
6.01 g/t Au (6.01 g/t cut) over 9.97 m (MH13-6).
Note: Drillhole composite intervals reported as “cut” may include higher grade samples which have been cut to 225 g/t Au for Main and Extension 1 areas, and 160 g/t Au for Extension 2 Area.
“Island Gold continues to be a tremendous success story on all fronts. We just received the Phase II expansion permit this past month and ongoing exploration success continues to support strong potential for additional growth in mineral reserves and resources and a Phase III expansion of the operation. We’re extending high-grade mineralization across all three areas of focus and see excellent potential within the recently discovered area between the Main and Eastern Extensions where we are continuing to close the gap between high-grade resources,” said John A. McCluskey, President and Chief Executive Officer.
2019 Drilling Program – Island Gold Mine
The focus of the 2019 exploration drilling program is to continue to expand the down-plunge and lateral extensions of the Island Gold deposit with the objective of adding new near mine Mineral Resources across the two-kilometre long Island Gold Main Zone (Figure 1).
The ongoing exploration program at Island Gold has been successful in extending high grade gold mineralization across each of the Main, Western, and Eastern Extensions. This has translated into significant growth in Mineral Reserves and Resources since the November 2017 acquisition of Island Gold.
A total of 17,873 m of surface directional exploration drilling has been completed to date in 2019. New highlight intercepts can be found in Figures 1 and 2 and Table 1 at the end of this news release.
The 2019 drill program includes 48,000 m of surface directional exploration drilling, 30,000 m of underground exploration drilling, 35,000 m of delineation drilling, and 917 m of exploration drift development.
Surface Exploration Drilling
Eastern Extension
Surface directional drilling within the Eastern Extension is focused on testing the new area of high-grade gold mineralization within the E1E Zone that was discovered in May 2019. This area is located down-plunge from known Inferred Resource blocks, between the 850 m and 1,150 m vertical depths, and previously reported high-grade intersections approximately 350 m further to the east (Figure 2). New highlights from the surface drilling program include (E1E-Zone) (Table 1):
102.74 g/t Au (58.62 g/t cut) over 3.94 m (MH18-05); and
31.66 g/t Au (31.66 g/t cut) over 2.95 m (MH18-04).
To date, five drill holes have been completed in this area with all intersecting ore-grade gold mineralization. This includes new drill holes MH18-05, which intersected 102.74 g/t Au (58.62 g/t cut) over 3.94 m and MH18-04 intersecting 31.66 g/t Au (31.66 g/t cut) over 2.95 m. These new intersections are located 120 m and 50 m west, respectively from previously reported drill hole MH18-03 which intersected 46.11 g/t Au (25.81 g/t cut) over 4.67m (see Press Release dated May 9, 2019).
These drill hole intersections are approximately 200 m down-plunge from the closest Inferred Mineral Resources in the Eastern Extension, and 300 m vertically above Inferred Mineral Resources defined in the eastern down-plunge extent of the Main Extension. Testing the potential continuity of high-grade mineralization between the Eastern and Main Extensions will be an ongoing focus in 2019 with this area having seen limited drilling to date. Two surface directional diamond drill rigs are active in this area, and will continue with 75 to 100 m spaced step-out drilling.
Main Extension
Surface directional drilling to date in 2019 has been successful in continuing to extend gold mineralization with drill hole spacing ranging from 50 to 100 m (Figure 2).
New highlights from the surface drilling program include (E1E-Zone) (Table 1):
24.08 g/t Au (14.21 g/t cut) over 6.27 m (MH17-06); and
6.01 g/t Au (6.01 g/t cut) over 9.97 m (MH13-6).
New drillhole MH17-06 (24.08 g/t Au (14.21 g/t cut) over 6.27 m) has extended high-grade gold mineralization 90 m east from the nearest previously reported drill hole intersection from MH17-01 (56.60 g/t Au (50.87 g/t cut) over 5.66 m). Gold mineralization has been extended one kilometre to the east of existing mine workings. This east plunging high-grade ore shoot remains open laterally, up and down-plunge.
The 2019 exploration program will continue to focus on further extending high-grade mineralization with the objective of defining additional Mineral Resources in this area. Three surface directional diamond drill rigs remain active in the Main Extension target area.
Qualified Persons
Chris Bostwick, FAusIMM, Alamos Gold’s Vice President, Technical Services, has reviewed and approved the scientific and technical information contained in this news release. Chris Bostwick is a Qualified Person within the meaning of Canadian Securities Administrator’s National Instrument 43-101 (“NI 43-101”).
Exploration programs at the Island Gold Mine are directed by Raynald Vincent, P.Eng., M.G.P., Chief Geologist at the Island Gold Mine and a Qualified Person within the meaning of NI 43-101.
Quality Control
Assays for the surface exploration drilling program were completed at LabExpert in Rouyn-Noranda, Quebec. The Corporation inserts at regular intervals quality control (QC) samples (blanks and reference materials) to monitor laboratory performance. Cross check assays are done on a regular basis in a second accredited laboratory. The Quality Assurance / Quality Control procedures are more completely described in the Technical Report filed on SEDAR by Richmont Mines, July 13, 2017.
Upcoming Catalysts and News Flow
Q2 2019 – Young-Davidson and Island Gold Site Tours
Mid-2019 – Lynn Lake Optimization Study
H2 2019 – Island Gold Exploration Update
H2 2019 – La Yaqui Grande EIA Approval
H2 2019 – Cerro Pelon Construction Update
H2 2019 – Kirazli Construction Update
About Alamos
Alamos is a Canadian-based intermediate gold producer with diversified production from four operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos and El Chanate mines in Sonora State, Mexico. Additionally, the Company has a significant portfolio of development stage projects in Canada, Mexico, Turkey, and the United States. Alamos employs more than 1,700 people and is committed to the highest standards of sustainable development. The Company’s shares are traded on the TSX and NYSE under the symbol “AGI”.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Scott K. Parsons
Vice President, Investor Relations
(416) 368-9932 x 5439
The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.
Cautionary Note
This news release includes certain statements that constitute forward-looking information within the meaning of applicable Canadian and U.S. securities laws ("forward-looking statements"). All statements in this news release, other than statements of historical fact, which address events, results, outcomes or developments that Alamos expects to occur are forward-looking statements. Forward-looking statements are generally, but not always, identified by the use of forward-looking terminology such as "expects", “believe", "anticipate", "plan", “forecast”, "estimate", "intend", “budget” or “potential” or variations of such words and phrases and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved or the negative connotation of such terms. Forward-looking statements in this news release include the statements with respect to planned exploration programs, costs and expenditures, changes in Mineral Resources and conversion of Mineral Resources to Proven and Probable Mineral Reserves, and other information that is based on forecasts and projections of future operational, geological or financial results, estimates of amounts not yet determinable and assumptions of management.
Exploration results that include geophysics, sampling, and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of Mineral Resource. A Mineral Resource that is classified as "Inferred" or "Indicated" has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an "Indicated Mineral Resource" or "Inferred Mineral Resource" will ever be upgraded to a higher category of Mineral Resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into Proven and Probable Mineral Reserves.
Alamos cautions readers not to place undue reliance on the forward-looking statements which are not guarantees of future events as a number of factors could cause results, conditions, actions or events to differ materially from the targets, outlooks, expectations, goals, estimates or intentions expressed in the forward-looking statements. These factors include, but are not limited to: risks related to obtaining and maintaining necessary permits, licenses and authorizations required to carry out planned exploration or development work, the actual results of current exploration activities, conclusions of economic and geological evaluations, changes in project parameters as plans continue to be refined, employee and community relations,the speculative nature of mineral exploration and development, contests over title to properties, changes in national and local government legislation, control and regulations and and fluctuations of the price of gold and foreign exchange rates as well as those factors discussed in the section entitled "Risk Factors" in Alamos' latest Annual Information Form and MD&A, each under the heading “Risk Factors”, available on the SEDAR website at www.sedar.com or on EDGAR at www.sec.gov. The foregoing should be reviewed in conjunction with the information found in this news release. The Company disclaims any intention or obligation to update or revise any forward-looking statement, whether written or oral, or whether as a result of new information, future events or otherwise, except as required by applicable law.
All amounts are in United States dollars, unless otherwise stated.
All of the forward-looking statements made in this news release are qualified by these cautionary statements.
Cautionary Note to U.S. Investors – Mineral Reserve and Resource Estimates
All Mineral Resource and Reserve estimates included in this news release or documents referenced in this news release have been prepared in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") - CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the "CIM Standards"). NI 43-101 is a rule developed by the Canadian Securities Administrators, which established standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. The terms "Mineral Reserve", "Proven Mineral Reserve" and "Probable Mineral Reserve" are Canadian mining terms as defined in accordance with NI 43-101 and the CIM Standards. These definitions differ materially from the definitions in the Securities Exchange Commission (the “SEC”) Industry Guide 7 ("SEC Industry Guide 7") under the United States Securities Act of 1933, as amended, and the Exchange Act. Under SEC Industry Guide 7 standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority.
In addition, the terms "Mineral Resource", "Measured Mineral Resource", "Indicated Mineral Resource" and "Inferred Mineral Resource" are defined in and required to be disclosed by NI 43-101 and the CIM Standards; however, these terms are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the U.S. SEC. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into Mineral Reserves. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in very limited circumstances. Investors are cautioned not to assume that all or any part of an Inferred Mineral Resource exists or is economically or legally mineable. Disclosure of "contained ounces" in a Mineral Resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures.
Table 1: Island Gold – Previously Unreleased Select Composite Intervals from Surface Exploration Drilling
Composite intervals greater than 3 g/t Au weighted average, capping values:
Main Island and Extension 1 areas @ 225 g/t Au; Extension 2 Area @ 160 g/t Au.
Hole ID Zone Target Area From (m) To (m) Core Length (m) True Width (m) Au Uncut (g/t) Au Cut (g/t) Vertical Depth (m)
MH18-04 E1E Eastern Ext 1153.00 1157.20 4.20 2.95 31.66 31.66 1031
MH18-05 E1E Eastern Ext 1137.30 1142.20 4.90 3.94 102.74 58.62 1036
MH13-6 E1E Main Ext 1526.80 1537.60 10.80 9.97 6.01 6.01 1268
MH17-06 E1E Main Ext 1499.00 1505.40 6.40 6.27 24.08 14.21 1214
Table 2: Surface exploration drill holes; azimuth, dip, drilled length, and collar location at surface (UTM NAD83).
Hole ID Azimuth (°) Dip (°) Drilled Length (m) UTM Easting UTM Northing UTM Elevation (m) Comments
MH13-6 336 -72 688 692074 5351046 389 Cut from MH13-5 at 1116m
MH17-06 334 -73 982 692320 5351076 395 Cut from MH17-01 at 766m
MH18-04 339 -75 1046 691886 5351456 400 Cut from MH18-01 at 412m
MH18-05 339 -75 840 691886 5351456 400 Cut from MH18-01 at 407m
MH16-06 337 -73 789 691002 5350845 387 Cut from MH16-01 at 681m
Note: UTM mine surface elevation 382 m
Two photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/ddec0976-dc0f-41dd-9c60-e012bf25ef94
https://www.globenewswire.com/NewsRoom/AttachmentNg/67cb99f2-3c81-4f41-b734-9060f69d8eb1
Primary Logo
Alamos Gold Receives Phase II Expansion Permit for Island Gold
T.AGI | 2 days ago
TORONTO, May 28, 2019 (GLOBE NEWSWIRE) --
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today
reported it has been granted amendments to its existing operational
permits from the Ministry of the Environment, Conservation and Parks,
Ontario, allowing for the
Phase II expansion of the Island Gold Mine to 1,200 tonnes per day (“tpd”).
These amendments were received ahead of schedule and will allow underground mining and mill throughput rates to increase from the previously permitted rate of 1,100 tpd. Underground mining rates are expected to increase to 1,200 tpd in 2020. The Company will look for opportunities to ramp up mining rates to 1,200 tpd before the end of 2019; however, 2019 guidance for production and costs is unchanged. With a mine and mill that can both support throughput rates of 1,200 tpd, no additional capital will be required for the Phase II expansion.
In parallel, the Company is continuing with a large ongoing exploration program at Island Gold which has been successful in driving significant growth in Mineral Reserves and Resources the last several years. This growth and ongoing exploration success is being incorporated into a Phase III expansion study beyond 1,200 tpd. The study is expected to be completed over the next year.
Qualified Persons
Chris Bostwick, FAusIMM, Alamos Gold’s Vice President, Technical Services, has reviewed and approved the scientific and technical information contained in this news release. Chris Bostwick is a Qualified Person within the meaning of Canadian Securities Administrator’s National Instrument 43-101.
Upcoming Catalysts and News Flow
Q2 2019 – Young-Davidson and Island Gold Site Tours
Mid-2019 – Lynn Lake Optimization Study
H2 2019 – La Yaqui Grande EIA Approval
H2 2019 – Cerro Pelon Construction Update
H2 2019 – Kirazli Construction Update
About Alamos
Alamos is a Canadian-based intermediate gold producer with diversified production from four operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos and El Chanate mines in Sonora State, Mexico. Additionally, the Company has a significant portfolio of development stage projects in Canada, Mexico, Turkey, and the United States. Alamos employs more than 1,700 people and is committed to the highest standards of sustainable development. The Company’s shares are traded on the TSX and NYSE under the symbol “AGI”.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Scott K. Parsons
Vice President, Investor Relations
(416) 368-9932 x 5439
All amounts are in United States dollars, unless otherwise stated.
The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.
Cautionary Note
This news release contains statements which are, or may deemed to be, forward-looking information within the meaning of applicable Canadian and U.S. securities laws (“forward-looking statement(s)”). All statements in this news release, other than statements of historical fact, which address events, results, outcomes or developments that Alamos expects to occur are, or may be deemed to be, forward-looking statements. Forward-looking statements are generally, but not always, identified by the use of forward-looking terminology such as "expect", "believe", "anticipate", "will", "intend", "estimate", "forecast", "budget" or variations of such words and phrases and similar expressions or statements that certain actions, events or results ”may", "could", "would", "might" or "will" be taken, occur or be achieved or the negative connotation of such terms. Forward-looking statements in this news release include the statements with respect to underground mining and mill throughput rates, planned exploration programs, costs and expenditures, changes in Mineral Resources and Mineral Reserves, planned study results and other information that is based on forecasts and projections of future operational, geological or financial results, estimates of amounts not yet determinable and assumptions of management.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management at the time of making such statements, are inherently subject to significant business, economic, legal, political and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements.
Alamos cautions readers not to place undue reliance on the forward-looking statements which are not guarantees of future events as a number of factors could cause results, conditions, actions or events to differ materially from the targets, outlooks, expectations, goals, estimates or intentions expressed in the forward-looking statements. These factors include, but are not limited to: the speculative nature of mineral exploration and development, the risks of obtaining and maintaining necessary licenses, permits and authorizations for the Company’s planned exploration work as well as development stage and operating assets, the actual results of current exploration activities, conclusions of economic and geological evaluations, changes in project parameters as plans continue to be refined,; changes to current estimates of Mineral Reserves and Resources; changes to production estimates (which assume accuracy of projected ore grade, mining rates, recovery timing and recovery rate estimates and may be impacted by unscheduled maintenance; labour and contractor availability and other operating or technical difficulties); fluctuations in the price of gold; changes in foreign exchange rates (particularly the U.S. dollar and Canadian dollar); the impact of inflation; any decision to declare a dividend; employee and community relations; litigation and administrative proceedings; disruptions affecting the Company’s Canadian operations; expropriation or nationalization of property; inherent risks and hazards associated with mining including environmental hazards, industrial accidents, unusual or unexpected formations, pressures and cave-ins; availability of and increased costs associated with mining inputs and labour; contests over title to properties; changes in national and local government legislation (including tax legislation), controls or regulations; risk of loss due to sabotage and civil disturbances and the impact of global liquidity and credit availability and the values of assets and liabilities based on projected future cash flows.
Additional risk factors affecting the Company are set out in the Company’s latest Form 40-F/ Annual Information Form and MD&A, each under the heading “Risk Factors”, available on the SEDAR website at www.sedar.com or on EDGAR at www.sec.gov., and should be reviewed in conjunction with this news release. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
image: https://www.globenewswire.com/newsroom/ti?nf=NzYyNzYyNSMyOTU1NzIyIzIwMDkyMjI=
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GlobeNewswire
May 28, 2019 - 3:30 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS
Read more at
https://stockhouse.com/news/press-releases/2019/05/28/alamos-gold-receives-phase-ii-expansion-permit-for-island-gold#zmgTXL8XjA3ZYBsr.99
God Bless
Has AGI gone to quarterly dividends? The last several years I see Apr/Oct payouts only.
TORONTO, May 28, 2019 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (AGI) (“Alamos” or the “Company”) today announced that the Company’s Board of Directors has declared a quarterly dividend of US$0.01 per common share. This represents the Company’s 10th consecutive year of paying a dividend during which time the Company has returned $147 million to shareholders through dividends and share buybacks.
The dividend is payable on June 28, 2019 to shareholders of record as of the close of business on June 14, 2019. This dividend qualifies as an “eligible dividend” for Canadian income tax purposes.
Alamos Gold Looks Interesting After Pullback
Apr. 4, 2019 1:36 PM ET|
About: Alamos Gold Inc. (AGI)
https://seekingalpha.com/article/4252819-alamos-gold-looks-interesting-pullback
God Bless
Great discussion on gold and monetary expansion
I really liked the last line.
King World News note: The last chart says it all in terms of the gold price.
Gold is now at one of the most undervalued points in history. The same
could be said of the mining shares.
This well worth a review.
https://kingworldnews.com/european-analyst-warns-day-of-reckoning-approaching-for-central-banks-as-gold-price-set-to-surge/
God Bless
ALAMOS GOLD RECEIVES OPERATING PERMIT FOR KIRAZLI PROJECT
03/01/2019
Download this Press Release (PDF 220 KB)
TORONTO, March 01, 2019 (GLOBE NEWSWIRE) --
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) 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 Kirazli project.
https://www.alamosgold.com/news-and-media/news-releases/news-releases-details/2019/Alamos-Gold-Receives-Operating-Permit-for-Kirazl-Project/default.aspx
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 Kirazli’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, Kirazli 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 costs of less than $400 per ounce. This is expected to bring consolidated production to over 600,000 ounces per year, while significantly lowering the Company’s cost profile.
Qualified Persons
Chris Bostwick, FAusIMM, Alamos Gold’s Vice President, Technical Services, has reviewed and approved the scientific and technical information contained in this news release. Chris Bostwick is a Qualified Person within the meaning of Canadian Securities Administrator’s National Instrument 43-101. For further information pertaining to the 2017 feasibility study, please see press release titled “Alamos Gold Announces Positive Feasibility Study for Kirazli Project”, dated February 15, 2017, and the corresponding technical report, both available under the Company's profile on SEDAR at www.sedar.com and on the Alamos website at
http://www.alamosgold.com
About Alamos
Alamos is a Canadian-based intermediate gold producer with diversified production from four operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos and El Chanate mines in Sonora State, Mexico. Additionally, the Company has a significant portfolio of development stage projects in Canada, Mexico, Turkey, and the United States. Alamos employs more than 1,700 people and is committed to the highest standards of sustainable development. The Company’s shares are traded on the TSX and NYSE under the symbol “AGI”.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Scott K. Parsons
Vice President, Investor Relations
(416) 368-9932 x 5439
All amounts are in United States dollars, unless otherwise stated.
The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.
Cautionary Note
This news release contains statements which are, or may deemed to be, forward-looking information within the meaning of applicable Canadian and U.S. securities laws (“forward-looking statement(s)”). All statements in this news release, other than statements of historical fact, which address events, results, outcomes or developments that Alamos expects to occur are, or may be deemed to be, forward-looking statements. Forward-looking statements are generally, but not always, identified by the use of forward-looking terminology such as "expects", “is expected” "believes", "anticipates", "will", "intends", "estimates", "forecast", "budget" or variations of such words and phrases and similar expressions or statements that certain actions, events or results ”may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management at the time of making such statements, are inherently subject to significant business, economic, legal, political and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements.
Such factors and assumptions underlying the forward-looking statements in this news release include, but are not limited to: development delays at the Kirazli project, the speculative nature of mineral exploration and development, including the risks of obtaining and maintaining necessary licenses, permits and authorizations for the Company’s development stage and operating assets; changes to current estimates of mineral reserves and resources; changes to production estimates (which assume accuracy of projected ore grade, mining rates, recovery timing and recovery rate estimates and may be impacted by unscheduled maintenance; labour and contractor availability and other operating or technical difficulties); fluctuations in the price of gold; changes in foreign exchange rates (particularly the Canadian dollar, Turkish Lira and U.S. dollar); the impact of inflation; any decision to declare a dividend; employee and community relations; litigation and administrative proceedings; disruptions affecting our Turkish operations; expropriation or nationalization of property; inherent risks and hazards associated with mining including environmental hazards, industrial accidents, unusual or unexpected formations, pressures and cave-ins; availability of and increased costs associated with mining inputs and labour; contests over title to properties; changes in national and local government legislation (including tax legislation), controls or regulations; risk of loss due to sabotage and civil disturbances; the impact of global liquidity and credit availability and the values of assets and liabilities based on projected future cash flows; and, risks arising from holding derivative instruments.
Additional risk factors affecting the Company are set out in the Company’s latest Form 40-F/ Annual Information Form and MD&A, each under the heading “Risk Factors”, available on the SEDAR website at www.sedar.com or on EDGAR at www.sec.gov., and should be reviewed in conjunction with this . The foregoing should be reviewed in news release. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
alamos logo.png
Source: Alamos Gold Inc.
Alamos Gold Inc (AGI) Overall Average: 88% BUY
$4.81 +0.27 (+5.95%) 02/19/19 [NYSE]
4.80 x 5 4.85 x 2 POST-MARKET 4.84 +0.03 (+0.62%) 18:24 ET
BARCHART OPINION for Tue, Feb 19th, 2019
Overall Average: 88% BUY -
Overall Average Signal calculated from all 13 indicators.
Signal Strength is a long-term measurement of the historical
strength of the Signal, while Signal Direction is a short-term
(3-Day) measurement of the movement of the Signal.
http://www.streetwisereports.com/article/2019/02/18/gold-could-be-building-to-enter-major-growth-stage.html
Interesting to see some of the Canadian pro analysts
w/price targets of ~ $6.25 - $7.50 USD for AGI.
I see a couple USA pro analysts w/PT's (guesstimates) @ ~ $4.50
Meanwhile, AGI is quietly buying back shares with its
~ $200 Million Dollar cash hoard. )
AGI may also be considering various M&A possibilities (?)
Maybe shake things up with an increased cash dividend (?)
Future low-cost Au production in Turkey (TR) is high risk/high reward.
Why not AGI @ $5.50 !?
Island Gold Mine (Richmont) has become a great asset for AGI.
Thanks to Bob for posting updates.
$$$ glta
Thank you saturn_five for good analysts info -
please, post more messages from the analysts - )
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Alamos Gold Provides Notice of Fourth Quarter and Year-End 2018 Financial Results and Conference Call
T.AGI |
TORONTO, Jan. 29, 2019 (GLOBE NEWSWIRE) --
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) 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.
https://www.alamosgold.com/news-and-media/news-releases/news-releases-details/2019/Alamos-Gold-Provides-Notice-of-Fourth-Quarter-and-Year-End-2018-Financial-Results-and-Conference-Call/default.aspx
Alamos Gold (AGI) last month has turned Bullish & great AGI NEWS )
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146232009
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
I'm just a bit nervous regarding Turkey.
I've been trading AGI, AG and NGD.
Any thoughts on NGD?
Have a large bet on CRCUF.
Alamos Gold Provides Notice of Fourth Quarter and Year-End 2018 Financial Results and Conference Call
T.AGI | 3 hours ago
TORONTO, Jan. 29, 2019 (GLOBE NEWSWIRE) --
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) 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.
https://www.alamosgold.com/news-and-media/news-releases/news-releases-details/2019/Alamos-Gold-Provides-Notice-of-Fourth-Quarter-and-Year-End-2018-Financial-Results-and-Conference-Call/default.aspx
Alamos Gold (AGI) last month has turned Bullish & great AGI NEWS )
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146232009
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
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Flight From Dollar Will Spike Gold and Silver -
John Williams -
58,310 views
Greg Hunter
Published on Jan 26, 2019
Interesting to see some of the Canadian pro analysts w/price targets of ~ $6.25 - $7.50 USD for AGI.
I see a couple USA pro analysts w/PT's (guesstimates) @ ~ $4.50
Meanwhile, AGI is quietly buying back shares with its
~ $200 Million Dollar cash hoard.
AGI may also be considering various M&A possibilities (?)
Maybe shake things up with an increased cash dividend (?)
Future low-cost Au production in Turkey (TR) is high risk/high reward.
Why not AGI @ $5.50 !?
Island Gold Mine (Richmont) has become a great asset for AGI.
Thanks to Bob for posting updates.
$$$ glta
"Alamos obtained Island Gold in November 2017 through its acquisition of Richmont Mines."
Bob, any input on past Richmont Mines management?
Thanks.
Alamos Gold (AGI) last month has turned Bullish & great AGI NEWS )
Alamos produces record 505,000oz gold
Alamos Gold has reported record 2018 production of 505,000 ounces of gold,
an 18% increase over the 429,400oz produced in 2017, following strong
performance from its Mulatos operation in Mexico and
Island Gold operation in Canada.
Alamos obtained Island Gold in November 2017 through its acquisition of
Richmont Mines.
https://www.mining-journal.com/gold-and-silver-news/news/1354324/alamos-produces-record-505-000oz-gold
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) 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 latter setting a new record for production and continuing to
demonstrate strong potential for growth in mineral reserves and
resources,” said John A. McCluskey, President and Chief Executive
Officer.
“We expect a similar rate of production in 2019 with lower costs
driving stronger margins.
Lower costs are expected to result from improvements at Young-Davidson
and low-cost production growth at Island Gold.
Looking forward to the second half of 2020, we expect Alamos to
transition from reinvesting in growth to generating strong free cash
flow.
With long-life production from our existing operations at declining
costs, a leading portfolio of high return growth projects, and a
strong, debt-free balance sheet, Alamos is well positioned to deliver
on this growth,” Mr. McCluskey added.
https://www.alamosgold.com/news-and-media/news-releases/news-releases-details/2019/Alamos-Reports-Fourth-Quarter-2018-Production-and-Provides-2019-Outlook/default.aspx
ALAMOS GOLD REPORTS ADDITIONAL HIGH-GRADE INTERCEPTS AT ISLAND GOLD INCLUDING BEST SURFACE DIRECTIONAL INTERSECTION TO DATE WITHIN WESTERN EXTENSION
01/10/2019
Download this Press Release (PDF 5.75 MB)
TORONTO, Jan. 10, 2019 (GLOBE NEWSWIRE) --
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) 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 mineralized zones,
unless otherwise state
https://www.alamosgold.com/news-and-media/news-releases/news-releases-details/2019/Alamos-Gold-Reports-Additional-High-Grade-Intercepts-at-Island-Gold-Including-Best-Surface-Directional-Intersection-to-Date-within-Western-Extension/default.aspx
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146226083
https://www.alamosgold.com/investors/Presentations/default.aspx
https://www.alamosgold.com
God Bless
They should have turned the corner a long time ago. Nothing you can do until this bear sector goes bullish.
Thanks for posting this.
I think too it is a good bet longterm.
God bless
Is Alamos Gold Finally Turning The Corner?
Jan. 18, 2019 12:43 PM ET | About: Alamos Gold Inc (AGI)
Vladimir Zernov
(9,904 followers)
Summary
https://seekingalpha.com/article/4234277-alamos-gold-finally-turning-corner
----
https://www.alamosgold.com/news-and-media/news-releases/news-releases-details/2019/Alamos-Gold-Reports-Additional-High-Grade-Intercepts-at-Island-Gold-Including-Best-Surface-Directional-Intersection-to-Date-within-Western-Extension/default.aspx
https://www.alamosgold.com/investors/Presentations/default.aspx
https://www.alamosgold.com
God Bless
Alamos produces record 505,000oz gold
Alamos Gold has reported record 2018 production of 505,000 ounces of gold,
an 18% increase over the 429,400oz produced in 2017, following strong
performance from its Mulatos operation in Mexico and
Island Gold operation in Canada.
Alamos obtained Island Gold in November 2017 through its acquisition of
Richmont Mines.
https://www.mining-journal.com/gold-and-silver-news/news/1354324/alamos-produces-record-505-000oz-gold
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) 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 latter setting a new record for production and continuing to
demonstrate strong potential for growth in mineral reserves and
resources,” said John A. McCluskey, President and Chief Executive
Officer.
“We expect a similar rate of production in 2019 with lower costs
driving stronger margins.
Lower costs are expected to result from improvements at Young-Davidson
and low-cost production growth at Island Gold.
Looking forward to the second half of 2020, we expect Alamos to
transition from reinvesting in growth to generating strong free cash
flow.
With long-life production from our existing operations at declining
costs, a leading portfolio of high return growth projects, and a
strong, debt-free balance sheet, Alamos is well positioned to deliver
on this growth,” Mr. McCluskey added.
https://www.alamosgold.com/news-and-media/news-releases/news-releases-details/2019/Alamos-Reports-Fourth-Quarter-2018-Production-and-Provides-2019-Outlook/default.aspx
ALAMOS GOLD REPORTS ADDITIONAL HIGH-GRADE INTERCEPTS AT ISLAND GOLD INCLUDING BEST SURFACE DIRECTIONAL INTERSECTION TO DATE WITHIN WESTERN EXTENSION
01/10/2019
Download this Press Release (PDF 5.75 MB)
TORONTO, Jan. 10, 2019 (GLOBE NEWSWIRE) --
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) 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 mineralized zones,
unless otherwise state
https://www.alamosgold.com/news-and-media/news-releases/news-releases-details/2019/Alamos-Gold-Reports-Additional-High-Grade-Intercepts-at-Island-Gold-Including-Best-Surface-Directional-Intersection-to-Date-within-Western-Extension/default.aspx
https://www.alamosgold.com/investors/Presentations/default.aspx
https://www.alamosgold.com
God Bless
jmat1 thank you, well the producing gold mines are:
Diversified North American gold production:
A.
Four operating gold mines in North America -
B.
Exploration and development hard assets;
mining properties are
in North America and Turkey -
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146147461
God Bless
Them mines in Turkey have me a bit cautions.
I may wait a bit before committing.
I like Nevada, Canada and Mexico.
Alamos Gold forecasts 2019 gold production
Northern Miner Staff | about an hour ago |
Young-Davidson (Image from Alamos Gold)
Alamos Gold (TSX: AGI; NYSE: AGI) produced 505,000 ounces of gold
from its four mines in North America last year and expects a
“similar rate of production” this year.
The company anticipates production of between 480,000 and 520,000 ounces
of gold in 2019 at total cash costs of between US$710 and
US$750 per oz., down 10% from its revised 2018 guidance of
US$810 per oz., and all-in sustaining costs of between
US$920 and US$960 per oz., down 5% from revised 2018 guidance of
US$990 per oz. (Total cash costs and AISCs for 2018 have not been
finalized yet.)
The gold miner has penciled-in a 2019 capital budget of
US$290 to US$315 million, reflecting the construction of
two new mines in Turkey (Kirazli) and Mexico (Cerro Pelon), and
a global exploration budget of US$33 million,
including US$19 million budgeted for its Island Gold mine.
Alamos Gold was debt-free at the end of last year and had about
US$206 million in cash.
The intermediate gold producer has two operating mines in Canada
(Young-Davidson and Island Gold in northern Ontario), and
two mines in Mexico (Mulatos and El Chanate, both in Sonora state).
At presstime in Toronto Alamos Gold was trading at $5.41 per share.
Macquarie Research has trimmed its target price on the company
from C$10 to C$9.25 per share following its 2019 guidance and
Investor Day. Haywood Securities has lowered its
target price from C$10 to C$9.00 per share.
Laurentian Bank Securities’ price target of C$9.00 per share and
BMO Capital Markets’ target of C$10.00 per share remain unchanged.
This story first appeared on The Northern Miner.
News and gold price going up still do not matter as the attack on all miners continues.
Alamos produces record 505,000oz gold
Alamos Gold has reported record 2018 production of 505,000 ounces of gold,
an 18% increase over the 429,400oz produced in 2017, following strong
performance from its Mulatos operation in Mexico and
Island Gold operation in Canada.
Alamos obtained Island Gold in November 2017 through its acquisition of
Richmont Mines.
https://www.mining-journal.com/gold-and-silver-news/news/1354324/alamos-produces-record-505-000oz-gold
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) 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 latter setting a new record for production and continuing to
demonstrate strong potential for growth in mineral reserves and
resources,” said John A. McCluskey, President and Chief Executive
Officer.
“We expect a similar rate of production in 2019 with lower costs
driving stronger margins.
Lower costs are expected to result from improvements at Young-Davidson
and low-cost production growth at Island Gold.
Looking forward to the second half of 2020, we expect Alamos to
transition from reinvesting in growth to generating strong free cash
flow.
With long-life production from our existing operations at declining
costs, a leading portfolio of high return growth projects, and a
strong, debt-free balance sheet, Alamos is well positioned to deliver
on this growth,” Mr. McCluskey added.
https://www.alamosgold.com/news-and-media/news-releases/news-releases-details/2019/Alamos-Reports-Fourth-Quarter-2018-Production-and-Provides-2019-Outlook/default.aspx
ALAMOS GOLD REPORTS ADDITIONAL HIGH-GRADE INTERCEPTS AT ISLAND GOLD INCLUDING BEST SURFACE DIRECTIONAL INTERSECTION TO DATE WITHIN WESTERN EXTENSION
01/10/2019
Download this Press Release (PDF 5.75 MB)
TORONTO, Jan. 10, 2019 (GLOBE NEWSWIRE) --
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) 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 mineralized zones,
unless otherwise state
https://www.alamosgold.com/news-and-media/news-releases/news-releases-details/2019/Alamos-Gold-Reports-Additional-High-Grade-Intercepts-at-Island-Gold-Including-Best-Surface-Directional-Intersection-to-Date-within-Western-Extension/default.aspx
https://www.alamosgold.com/investors/Presentations/default.aspx
https://www.alamosgold.com
God Bless
ALAMOS REPORTS FOURTH QUARTER 2018 PRODUCTION AND PROVIDES 2019 OUTLOOK
01/14/2019
Download this Press Release (PDF 381 KB)
TORONTO, Jan. 14, 2019 (GLOBE NEWSWIRE) --
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) 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 latter setting a new record for production and continuing to
demonstrate strong potential for growth in mineral reserves and
resources,” said John A. McCluskey, President and Chief Executive
Officer.
“We expect a similar rate of production in 2019 with lower costs
driving stronger margins.
Lower costs are expected to result from improvements at Young-Davidson
and low-cost production growth at Island Gold.
Looking forward to the second half of 2020, we expect Alamos to
transition from reinvesting in growth to generating strong free cash
flow.
With long-life production from our existing operations at declining
costs, a leading portfolio of high return growth projects, and a
strong, debt-free balance sheet, Alamos is well positioned to deliver
on this growth,” Mr. McCluskey added.
https://www.alamosgold.com/news-and-media/news-releases/news-releases-details/2019/Alamos-Reports-Fourth-Quarter-2018-Production-and-Provides-2019-Outlook/default.aspx
ALAMOS GOLD REPORTS ADDITIONAL HIGH-GRADE INTERCEPTS AT ISLAND GOLD INCLUDING BEST SURFACE DIRECTIONAL INTERSECTION TO DATE WITHIN WESTERN EXTENSION
01/10/2019
Download this Press Release (PDF 5.75 MB)
TORONTO, Jan. 10, 2019 (GLOBE NEWSWIRE) --
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) 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 mineralized zones,
unless otherwise state
https://www.alamosgold.com/news-and-media/news-releases/news-releases-details/2019/Alamos-Gold-Reports-Additional-High-Grade-Intercepts-at-Island-Gold-Including-Best-Surface-Directional-Intersection-to-Date-within-Western-Extension/default.aspx
https://www.alamosgold.com/investors/Presentations/default.aspx
https://www.alamosgold.com
God Bless
ALAMOS GOLD REPORTS ADDITIONAL HIGH-GRADE INTERCEPTS AT ISLAND GOLD INCLUDING BEST SURFACE DIRECTIONAL INTERSECTION TO DATE WITHIN WESTERN EXTENSION
01/10/2019
Download this Press Release (PDF 5.75 MB)
TORONTO, Jan. 10, 2019 (GLOBE NEWSWIRE) --
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) 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 mineralized zones,
unless otherwise state
https://www.alamosgold.com/news-and-media/news-releases/news-releases-details/2019/Alamos-Gold-Reports-Additional-High-Grade-Intercepts-at-Island-Gold-Including-Best-Surface-Directional-Intersection-to-Date-within-Western-Extension/default.aspx
https://www.alamosgold.com/investors/Presentations/default.aspx
https://www.alamosgold.com
God Bless
Thanks for the post. Saw that in December. It's about time they did something with all their cash on hand.
ALAMOS GOLD ANNOUNCES NORMAL COURSE ISSUER BID
12/20/2018
Download this Press Release (PDF 168 KB)
TORONTO, Dec. 20, 2018 (GLOBE NEWSWIRE) --
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today
announced that it has filed with and received acceptance from the
Toronto Stock Exchange (“TSX”), 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 (“Common Shares”), representing
10% of the Company’s public float of the Common Shares as of December
14, 2018, being 255,130,432 Common Shares.
As at December 14, 2018, there were 391,248,754 Common Shares issued
and outstanding.
Alamos may purchase Common Shares under the Normal Course Issuer Bid
over the next twelve-month period beginning December 24, 2018 and
ending December 23, 2019.
Any purchases made under the Normal Course Issuer Bid will be effected
through the facilities of the TSX, alternative Canadian trading systems
and/or the New York Stock Exchange.
The maximum number of Common Shares that Alamos may purchase on the TSX
on a daily basis, other than block purchase exceptions, is 191,200
Common Shares.
The price for any repurchased Common Shares will be the prevailing
market price at the time of the purchase.
All Common Shares purchased by Alamos will be cancelled.
Purchase and payment for the Common Shares will be made by Alamos in
accordance with the requirements of the TSX and applicable securities
laws.
A Normal Course Issuer Bid is being undertaken as the Company and its
Board of Directors believe the share price of its Common Shares from
time to time to be not reflective of the underlying value of the
Company.
The Company believes it advantageous to its shareholders to engage in
repurchases of Common Shares, from time to time, when they are trading
at prices which reflect a discount from their value by increasing the
proportionate share of ownership of the Company to remaining
shareholders.
Alamos has not purchased any of the Common Shares in the preceding
twelve months.
About Alamos
Alamos is a Canadian-based intermediate gold producer with diversified
production from four operating mines in North America.
This includes the Young-Davidson and Island Gold mines in northern
Ontario, Canada and
the Mulatos and El Chanate mines in Sonora State, Mexico.
Additionally, the Company has a significant portfolio of development
stage projects in Canada, Mexico, Turkey, and the United States.
Alamos employs more than 1,700 people and is committed to the highest
standards of sustainable development. The Company’s shares are traded
on the TSX and NYSE under the symbol “AGI”.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Scott K. Parsons
Vice President, Investor Relations
(416) 368-9932 x 5439
?All amounts are in United States dollars, unless otherwise stated.
The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.
https://www.alamosgold.com/news-and-media/news-releases/news-releases-details/2018/Alamos-Gold-Announces-Normal-Course-Issuer-Bid/default.aspx
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) LATEST PRESENTATION –
https://www.alamosgold.com/investors/Presentations/default.aspx
https://www.alamosgold.com
Alamos has been beaten way down beyond a reasonable share price,
all i'm saying is its financials are excellent to its peers,
a correction in gold could see this bounce 100% or more quite easily.
Ive traded gold stocks long enough to know when a bottom is forming and
to be ready for those bounces, and we are heading or
almost at one of those bottoms. IMHO
by Highlander thanks good info -
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
It's very difficult to see AGI down where it is. Personally, I've lost faith in management. I hope I'm wrong.
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