Tuesday, March 11th, 2008
Alamos Gold Inc. Reports its 2007 and Restated 2006 Financial Results
2007 Highlights
During the year ended December 31, 2007, the Company:
- Increased gold sales 19% to 108,281 ounces compared to 91,220 ounces in 2006.
- Recorded revenues of $74 million, an increase of 35% over 2006 revenues of $54.7 million.
- Recognized earnings of $2.9 million ($0.03 per share), compared to a restated loss of $0.3 million ($0.07 per share) in 2006.
- Generated positive cash flows from operating activities of $20.9 million ($0.22 per share) compared to negative cash flows of $0.7 million ($0.01 per share) in 2006.
- Produced 106,200 ounces of gold at a cash operating cost of $390 per ounce of gold sold (total cash cost inclusive of royalties of $425).
- Realized a cash margin per ounce of gold sold of $259 compared to $281 in 2006.
- Considerably strengthened its financial position through the repayment of its bank loan and increase in working capital to $39.2 million.
- Reported a resource of 0.5 million ounces at El Victor.
- Announced the appointment of Mr. Eduardo Luna (Chairman, Silver Wheaton Minerals Inc., ex-President of Goldcorp (Mexico)) to the Company?s Board of Directors.
During the fourth quarter of 2007, the Company:
- Recorded quarterly revenues of $20.7 million, an increase of 35% over revenues in the fourth quarter of 2006 of $15.3 million.
- Increased quarterly gold sales 7% to 27,029 ounces compared to 25,270 in the same period of 2006.
- Increased quarterly cash flows from operating activities from $0.6 million in the fourth quarter of 2006 to $9.2 million.
Conference Call
The Company's senior management will host a conference call on Wednesday, March 12th, 2008 at 11:00 a.m. EDT (8:00 am PDT) to discuss financial results and provide an update of the Company's exploration and development activities.
Via Telephone:
For those preferring to listen by telephone, please dial 416-641-6121 or Toll Free 1-866-225-9256. To ensure your participation, please call approximately five minutes prior to the scheduled start of the call.
Via Webcast:
A live audio webcast of the meeting will be available on the Company's website homepage at www.alamosgold.com
FOR FURTHER INFORMATION PLEASE CONTACT:
Victoria Vargas
Investor Relations
Tel: (416) 368-9932 Ext. 201
Cell: (289) 242-3599
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VanEck Vectors Global Alternative Energy ETF
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EN DÉVELOPPEMENT |
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CODE : AGI.TO |
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ISIN : CA0115271086 |
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CUSIP : 011527108 |
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Alamos Gold est une société de production minière d'or basée au Canada. Alamos Gold est en développement de projets d'or et d'argent au Mexique et au Perou, et détient divers projets d'exploration au Perou et en Turquie. Ses principaux projets en développement sont CERRO JUMIL au Mexique et SAN LUIS PROJECT au Perou et ses principaux projets en exploration sont GAP, EL JASPE, PUERTO DEL AIRE, BIRICU, LA PROVIDENCIA PROSPECT, MERCURY MINES, ESCONDIDA MIL, EL REALITO, LOS BAJIOS, LA YAQUI, CERRO PELON et MULATOS au Mexique, ABRA ROJO, UTCUCOCHA, COLQUI ORCCO et PUCARANA au Perou et AGI DAGI, KIRAZLI et CAMYURT en Turquie. Alamos Gold est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 1,2 milliards (850,7 millions US$, 801,3 millions €). La valeur de son action a atteint son plus bas niveau récent le 14 mai 2004 à 1,50 , et son plus haut niveau récent le 14 novembre 2024 à 25,02 . Alamos Gold possède 47 442 200 actions en circulation. |