Alamos Gold Inc. (TSX:AGI / NYSE:AGI) (“Alamos” or the “Company”) today reported its financial results for the third quarter ended September 30, 2016 and reviewed its operating, exploration and development activities.
“All three of our mines performed well in the third quarter driving our strongest operating and financial results thus far this year. Production increased to 99,228 ounces of gold while all-in sustaining costs fell to $979 per ounce. Our operations continued to generate positive free cash flow and at current gold prices we expect strong free cash flow growth in the fourth quarter and into 2017. We remain well positioned to meet our full year production, cost and capital guidance,” said John A. McCluskey, President and Chief Executive Officer.
“We’ve had a very successful year at La Yaqui having announced a near doubling of the resource in September and receiving EIA approval for Phase I development of the project in October. With an ambitious ongoing exploration program, a large portion of La Yaqui still to be explored and several other similarly attractive targets across the Mulatos District, we look forward to delivering further exploration success,” Mr. McCluskey added.