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Alamos Gold (AGI) Reports In-Line Q1 EPS

May 7, 2015 8:11 AM

Alamos Gold (NYSE: AGI) reported Q1 EPS of $0.02, in-line with the analyst estimate of $0.02. Revenue for the quarter came in at $44.73 million versus the consensus estimate of $53.3 million.

"Production of 38,000 ounces of gold in the first quarter of 2015 was consistent with our expectations while total cash costs of $805 per ounce were below our full year guidance. Our open pit, heap leach operations at Mulatos performed very well and we remain on track to realize significant production growth from our high-grade mill in the second half of 2015. Further, we continue to make progress with our development pipeline with the EIA recently reinstated for our Agi Dagi project," said John A. McCluskey, President and Chief Executive Officer.

"Through the merger of equals with AuRico Gold announced last month, we believe we are creating a stronger, larger, diversified gold producer, with a solid balance sheet and one of the strongest growth profiles of our peer group. We believe that by combining the strengths of both companies, we are far better positioned to not only succeed but also be a leader in the current gold price environment. With the transaction expected to close mid-2015, we look forward to demonstrating this starting in the second half of this year," Mr. McCluskey added.

For earnings history and earnings-related data on Alamos Gold (AGI) click here.

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