Alamos Reports First Quarter 2017 Results

Click to access 20170504-Alamos-Q117-Earnings-Release_FINAL.pdf

Toronto, Ontario (May 4, 2017) – Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported its financial results for the first quarter ended March 31, 2017 and reviewed its operating, exploration and development activities. “We had a solid start to the year operationally and with stronger production and lower costs expected through the rest of 2017, we are on track to achieve full year guidance across all metrics. We expect this to drive significant free cash flow growth from our operations, especially in the second half of 2017 as we benefit from higher throughput rates at Young-Davidson and initial production from La Yaqui,” said John A. McCluskey, President and Chief Executive Officer. “We made excellent progress surfacing value within our portfolio of development assets in the quarter. Construction of La Yaqui Phase I is on track and we continued to grow La Yaqui Grande, reporting an initial reserve of over 0.5 million ounces. We delivered two positive feasibility studies on our projects in Turkey and expect results from a third feasibility study on Lynn Lake in the third quarter. We also strengthened our balance sheet. We are now debt free and with a strong cash position, are well positioned to deliver on this growth,” Mr. McCluskey added.

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