Alamos Reports Fourth Quarter and Year-End 2015 Results

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1192-tsx/agi/17838-alamos-reports-fourth-quarter-and-year-end-2015-results.html

TORONTO, ONTARIO–(Marketwired – March 24, 2016) – All amounts are in United States dollars, unless otherwise stated. Alamos Gold Inc. (TSX:AGI)(NYSE:AGI) (“Alamos” or the “Company”) today reported financial results for the quarter and year ended December 31, 2015 and reviewed its operating, exploration and development activities.

“We produced 380,000 ounces of gold at all-in sustaining costs of $1,091 per ounce in 2015 meeting both our production and cost guidance and capping off a transformational year for Alamos,” said John A. McCluskey, President and Chief Executive Officer. “With the ongoing ramp up of production at Young-Davidson and cost improvements at Mulatos, we expect all-in sustaining costs to decrease more than 10% in 2016. We expect this trend to continue as we execute on our core strategy of growing production and lowering costs at both Young-Davidson and Mulatos, driving significant free cash flow growth in the years ahead,” Mr. McCluskey added.

 

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