Alamos Gold meldet Zahlen für Q3/17
Third Quarter 2017 Highlights
- Announced the proposed acquisition of Richmont Mines Inc. ("Richmont") and its Island Gold mine, a high-grade, low cost, long life asset in Ontario, Canada
- Produced a record 107,000 ounces of gold at cost of sales of $1,000 per ounce, total cash costs1 of $720 per ounce and all-in sustaining costs ("AISC")1 of $884 per ounce. This included record gold production of 55,800 ounces at Young-Davidson, 36,300 ounces at Mulatos and 14,900 ounces at El Chanate
- Sold 100,551 ounces of gold at an average realized price of $1,281 per ounce, $3 above the London PM fix, for revenues of $128.8 million
- Reported net earnings of $28.8 million, or $0.10 per share, the strongest quarterly earnings since the Company's merger with AuRico Gold in July 2015. Earnings in the quarter included unrealized foreign exchange gains of $12.8 million ($0.04 per share) recorded within both deferred taxes and foreign exchange
- Generated cash flow from operating activities of $43.4 million ($51.3 million before changes in working capital1), driven by lower cash costs resulting in stronger operating margins
- Significantly reduced mine-site AISC at Young-Davidson to a record low level of $744 per ounce, a 17% or $151 per ounce decrease compared to the second quarter of 2017
- Generated $20.9 million in free cash flow from the mine sites, including a record $13.3 million at Young-Davidson
- Ended the quarter with $167.7 million in cash and cash equivalents and equity securities
- Enhanced liquidity with an amendment to the Company's undrawn revolving credit facility, increasing the size of the facility to $400 million with an expanded syndicate of eight banks on peer-leading terms
- Completed construction of La Yaqui Phase I on budget and ahead of schedule, with the first gold pour in August 2017
- Announced a semi-annual dividend of $0.01 per share, or $3.0 million in September 2017, payable on October 31, 2017
- Completed a flow-through financing for gross proceeds of $11.7 million in July 2017, at an average issue price of CAD$11.52 per share
http://www.alamosgold.com/news-and-media/...2017-Results/default.aspx
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