| Alamos Gold Declares Semi-Annual Dividend | |
| | |
|
TORONTO, ONTARIO--(Marketwired - Oct. 15, 2015) -
All amounts are in United States dollars, unless otherwise stated.
Alamos Gold Inc.
(TSX:AGI)(NYSE:AGI) ('Alamos' or the 'Company') today announced that the Company's Board of Directors has declared a semi-annual dividend of US$0.01 per common share. This represents the Company's 12th consecutive semi-annual dividend and once again demonstrates its commitment to returning value to shareholders.
The current dividend represents a decrease from the previous semi-annual dividend of US$0.03 per share reflecting both the weak gold price environment and our focus on reinvesting capital into growing production and reducing costs at both our Young-Davidson and Mulatos mines. This includes completing the ramp up of underground mining at Young-Davidson and developing the higher grade satellite deposits at Mulatos, both of which we expect will drive strong free cash flow growth in the coming years.
The dividend is payable on November 16, 2015 to shareholders of record as of the close of business on October 30, 2015. This dividend qualifies as an 'eligible dividend' for Canadian income tax purposes.
About Alamos
Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson mine in northern Ontario, Canada and the Mulatos and El Chanate mines in Sonora State, Mexico. Additionally, the Company has a significant portfolio of development stage projects in Mexico, Turkey, Canada and the United States. Alamos employs more than 1,300 people and is committed to the highest standards of sustainable development. The Company's shares are traded on the TSX and NYSE under the symbol 'AGI'.
Cautionary Note
The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
|
|
|
Alamos Gold
|
|
DEVELOPMENT STAGE |
CODE : AGI.TO |
ISIN : CA0115271086 |
CUSIP : 011527108 |
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Alamos Gold is a gold development stage company based in Canada. Alamos Gold develops gold and silver in Mexico and in Peru, and holds various exploration projects in Peru and in Turkey. Its main assets in development are CERRO JUMIL in Mexico and SAN LUIS PROJECT in Peru and its main exploration properties are GAP, EL JASPE, BIRICU, LA PROVIDENCIA PROSPECT, MERCURY MINES, PUERTO DEL AIRE, ESCONDIDA MIL, LOS BAJIOS, EL REALITO, MULATOS, LA YAQUI and CERRO PELON in Mexico, UTCUCOCHA, ABRA ROJO, COLQUI ORCCO and PUCARANA in Peru and KIRAZLI, AGI DAGI and CAMYURT in Turkey. Alamos Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 5.4 billions as of today (US$ 3.9 billions, € 3.7 billions). Its stock quote reached its lowest recent point on May 14, 2004 at CA$ 1.50, and its highest recent level on April 22, 2024 at CA$ 20.23. Alamos Gold has 266 320 000 shares outstanding. |