CA - Minera Alamos Inc. reports Q1 results

2023-05-31 08:53:39 ET

• Minera Alamos Inc. press release ( OTCQX:MAIFF ): Q1 Revenue of $6.78M (+31.4% Y/Y).
• Net income of $1,485,884 for the quarter amounted to $0.003/share compared to Net income of $1,067,853 or $0.002/share in the corresponding quarter of 2022.
• Cash and Cash Equivalents totalled $10,200,029 compared to $6,106,610 as of March 31 ^st 2022 (S13,153,828 at Dec 31 ^st 2022).
• Accounts Payable were reduced year on year by $2,315,849 to $1,623,036 as of March 31 ^st 2023 ($3,699,024 as of Dec 31 ^st 2022).
• Working capital totalled $19,890,807 compared to $15,456,020 as of March 31 ^st 2022 ($18,284,236 at Dec 31 ^st 2022).

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