TORONTO, ONTARIO–(Marketwired – Nov. 2, 2017) –
All amounts are in United States dollars, unless otherwise stated.
Alamos Gold Inc. (TSX:AGI)(NYSE:AGI) (“Alamos” or the “Company”) today reported its financial results for the third quarter ended September 30, 2017 and reviewed its operating, exploration and development activities.
“Alamos achieved several milestones in the third quarter including record gold production and our lowest costs and best financial performance in years. This was driven by a breakout quarter from Young-Davidson, which set several new records. We expect this strong performance to continue into the fourth quarter and remain on track to achieve full year production and cost guidance,” said John A. McCluskey, President and Chief Executive Officer.
“Within our development portfolio, we achieved initial production at La Yaqui ahead of schedule and commenced early stage construction activities at our Kirazli project. We also announced the acquisition of Richmont Mines through which we are building a stronger and more profitable company. With a growing production base, low cost profile and excellent exploration potential, we believe the Richmont acquisition will be a significant source of value creation for shareholders,” Mr. McCluskey added.