Alamos Gold Inc
SymbolAGI
Shares Issued108,814,406
Close 2009-11-04C$ 9.40
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Alamos earns $14.11-million (U.S.) in third quarter

2009-11-05 11:29 ET - News Release

Mr. John McCluskey reports

ALAMOS GOLD INC. REPORTS THIRD QUARTER 2009 FINANCIAL RESULTS: RECORD EARNINGS OF $0.13 PER SHARE AND RECORD-LOW TOTAL CASH COSTS OF $314 PER OUNCE

Alamos Gold Inc. has released its financial and operating results for the third quarter ended Sept. 30, 2009, as well as provided an update on recent exploration activities and comment on the company's outlook for the remainder of 2009.

All amounts are in United States dollars, unless stated otherwise.

Third quarter 2009 highlights:

  • Produced 42,500 ounces of gold at a record-low cash operating cost of $272 per ounce of gold sold, with total cash cost (including the 5-per-cent royalty) of $314 per ounce;
  • Sold 43,201 ounces of gold at an average realized gold price of $956 per ounce for total revenues of $41.3-million;
  • Record quarterly earnings of $14.1-million or 13 cents per share;
  • Record cash flows from operating activities of $22.7-million of 21 cents per share;
  • Increased cash and short-term investment balances to a record high of $154-million.

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