Alamos Gold (AGI) Tops Q1 EPS by 8c

Alamos Gold (NYSE: AGI) reported Q1 EPS of $0.13, $0.08 better than the analyst estimate of $0.05.

“We had a strong start to 2021 with gold production exceeding guidance for the quarter. Our Canadian operations performed particularly well, with Young-Davidson ramping up to record mining rates and yet another quarterly production record at Island Gold,” said John A. McCluskey, President and Chief Executive Officer.

“We also made good progress on our internal growth initiatives while continuing to generate solid free cash flow. Development activities are ramping up at La Yaqui Grande and on the Phase III expansion at Island Gold, and we continue to advance permitting of our Lynn Lake project. All are key components of our strong outlook with approximately 50% production growth at significantly lower costs supporting substantial free cash flow growth over the long-term,” Mr. McCluskey added.

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

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