TORONTO, ONTARIO–(Marketwired – Jan. 6, 2017) – Alamos Gold Inc. (TSX:AGI)(NYSE:AGI) (“Alamos” or the “Company”) today reported fourth quarter and annual 2016 production. The Company also provided 2017 production and operating guidance.
“Alamos had a breakthrough year in 2016. With a record fourth quarter, we produced 392,000 ounces of gold for the year. We also achieved a significant reduction in our operating costs and capital spending which resulted in strong free cash flow growth from our operations. With stronger production and lower costs expected in 2017, this is a trend we expect to continue,” said John A. McCluskey, President and Chief Executive Officer.
“Additionally, we expect to continue to surface value from our development pipeline in 2017, through an aggressive exploration program at Mulatos, initial production from La Yaqui, the completion of a feasibility study at Lynn Lake and a significant step forward in Turkey having just received our Forestry Permits for Kirazli,” Mr. McCluskey added.