Alamos Gold Inc (AGI)

[NYBob]

Alamos Gold Lists Record Quarterly, Annual Production -
Allen Sykora Allen Sykora
Thursday January 11, 2018 11:04
Kitco NewsShare this article:

Alamos Gold Inc. (TSX: AGI; NYSE: AGI) lists record gold output
for the fourth quarter and 2017.
Alamos produced 120,300 ounces in the fourth quarter, including
a record 56,500 ounces from the Young-Davidson Mine.
Consolidated quarterly output was up from 105,676 ounces in the
same period a year ago, while full-year output was up 10%.
“With record fourth-quarter gold production,

Alamos achieved a new annual record,
producing 429,400 ounces of gold,
while delivering a significant reduction in operating costs and
capital spending.
This translated into strong free cash flow growth
from our operations,” says John A. McCluskey, president and
chief executive officer.
This includes approximately one month of production from
the Island Gold Mine following completion of the acquisition.
Excluding Island Gold, the company produced 420,400 ounces, above
the mid-point of guidance.
“We significantly improved our outlook over the past year,”
McCluskey says.
Production guidance for 2018 was put at 480,000 to 520,000 ounces of
gold, a 16% increase over 2017 (based on the mid-point of guidance),
reflecting the inclusion of Island Gold.
All-in sustaining costs are seen creeping up slightly to $950 an ounce.


http://www.kitco.com/news/2018-01-11/Alamos-Gold-Lists-Record-Quarterly-Annual-Production.html

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