Alamos Gold (AGI) has recently reported its third-quarter results. The company’s shares have previously been under intense pressure following Turkey’s failure to renew mining concessions for the Kirazli project that the company is developing in the country. In this light, the company’s financial results and comments made by the management team during the earnings call were especially interesting.
Alamos Gold reported revenues of $172.9 million and net earnings of $17.7 million or $0.05 per share. The company produced 121,900 ounces of gold at all-in sustaining costs of $950 per ounce. Operating cash