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.
“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.
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
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!
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