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Alamos Gold (AGI) Misses Q2 EPS by 8c

August 1, 2018 6:07 PM

Alamos Gold (NYSE: AGI) reported Q2 EPS of ($0.02), $0.08 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $168.9 million versus the consensus estimate of $147.86 million.

“With near record production in the second quarter, we came in slightly ahead of expectations and remain well positioned to achieve full year guidance. This reflected another strong outperformance from Mulatos and Island Gold, with production guidance for both mines increased for the second consecutive quarter,” said John A. McCluskey, President and Chief Executive Officer.

“We’re also making excellent progress on the exploration and development fronts. At Island Gold, the mill expansion is nearing completion and ongoing exploration success continues to demonstrate further resource growth. We also achieved a major breakthrough at Kirazlı, securing the GSM permit allowing for the start of full scale construction. With a strong cash position, no debt, and growing cash flow from operations, we are well positioned to fund this growth and continue to deliver shareholder value.”

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

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