Alamos Gold Inc. (AGI.TO) today reported record fourth quarter,
achieving its production guidance for the year of 200,000 ounces of
gold. The company also provided guidance on 2013 production and
operating, development and exploration budgets.
In the fourth quarter of 2012, the Mulatos Mine produced a
"record" 67,800 ounces of gold, 41% higher than the previous
quarterly production record of 48,200 ounces.
The company anticipates producing between 180,000 and 200,000
ounces of gold in 2013 at a cash operating cost of $415 to $435 per
ounce of gold sold, excluding a 5% royalty.
Exploration spending in Mexico in 2013 is expected to be $10.6
million, of which approximately 65% will be expensed. The 2013
Mulatos capital and development budget is $40.7 million.
AGI has fallen to $16.70 by nearly 3%, with volumes of over
Copyright (C) 2013 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.