Alamos Gold (NYSE: AGI) reported Q3 EPS of $0.17, $0.11 better than the analyst estimate of $0.06. Revenue for the quarter came in at $218.4 million versus the consensus estimate of $147.86 million.

“We had an excellent third quarter financially and operationally with strong performances at all three operations driving costs significantly lower. This included another record quarter at Island Gold, and Young-Davidson starting to demonstrate its full potential following the completion of the lower mine expansion. We previously outlined our expectation to transition to strong free cash flow generation in the second half of 2020, and we delivered with record free cash flow of $76 million in the quarter,” said John A. McCluskey, President and Chief Executive Officer.

“We remain focused on operating a sustainable business model that can support growing returns to shareholders over the long term. Given our strong free cash flow outlook, we are pleased to announce a 33% increase in our dividend, which has now grown by 300% since 2018. We expect to continue to generate strong free cash flow while reinvesting in high-return projects like La Yaqui Grande and the Phase III Expansion at Island Gold which will support further growth and returns to shareholders,” Mr. McCluskey added.

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