Record production, lower costs drive significant gains for Alamos

August 4, 2017

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TSX- and NYSE-listed midtier gold miner Alamos Gold made significant gains in the second quarter ended June 30, with record production and lower costs driving the highest combined free cash flow in years from the company’s operations. Alamos produced a quarterly record 105 900 oz at cost of sales of $1 053/oz, which included record gold production of 47 300 oz from its Young-Davidson underground mine, in Northern Ontario, Canada, as well as continued strong performance at Mulatos mine, in Sonora, Mexico, which produced 41 000 oz in the quarter.

Category: General