Last C$10.00 CAD
Change Today -0.22 / -2.15%
Volume 909.9K
AGI On Other Exchanges
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As of 4:00 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

alamos gold inc (AGI) Snapshot

Open
C$10.20
Previous Close
C$10.22
Day High
C$10.30
Day Low
C$9.99
52 Week High
08/27/13 - C$17.86
52 Week Low
01/24/14 - C$9.84
Market Cap
1.3B
Average Volume 10 Days
804.6K
EPS TTM
C$0.39
Shares Outstanding
127.4M
EX-Date
04/11/14
P/E TM
23.3x
Dividend
C$0.20
Dividend Yield
2.13%
Current Stock Chart for ALAMOS GOLD INC (AGI)

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alamos gold inc (AGI) Details

Alamos Gold Inc. is engaged in the acquisition, exploration, development, and extraction of precious metals, primarily gold. It owns and operates the Mulatos mine and holds the mineral rights to the Salamandra group of concessions in the State of Sonora, Mexico. The company also owns the Agi Dagi, Kirazli, and Çamyurt gold development projects in Turkey. In addition, it holds 100% interest in the Esperanza Gold Project in the state of Morelos, Mexico, as well as an option to acquire a 100% interest in the Quartz Mountain Gold Project in Oregon. Alamos Gold Inc. was founded in 1994 and is headquartered in Toronto, Canada.

550 Employees
Last Reported Date: 02/20/14
Founded in 1994

alamos gold inc (AGI) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $597.7K
Chief Financial Officer
Total Annual Compensation: $269.9K
Chief Operating Officer and Vice President
Total Annual Compensation: $415.8K
Vice-President of Corporate Development
Total Annual Compensation: $269.9K
Vice President of Projects and Country Manage...
Total Annual Compensation: $360.0K
Compensation as of Fiscal Year 2012.

alamos gold inc (AGI) Key Developments

Alamos Reports Updated Mineral Reserves and Resources as of December 31, 2013

Alamos Gold Inc. reported its updated mineral reserves and resources as of December 31, 2013. Proven and Probable mineral reserves at Mulatos decreased 14% to 2.03 million ounces at December 31, 2013 reflecting the use of a more conservative gold price assumption of $1,250 per ounce in estimating the 2013 mineral reserves, compared to $1,400 in 2012, depletion and higher operating cost assumptions. Although ounces decreased, grades increased 8% to 1.15 g/t Au, consistent with a smaller but higher quality mineral reserve. The improvement in grade was driven by a 43% increase in the underground grade at San Carlos. The grade of the Mulatos Mine open pit, which is the source of the heap leach production, increased 3% to 0.93 g/t Au. Adjusting to remove the Escondida High Grade Zone open pit ore from the 2012 reserve, which is now virtually depleted, the 2013 Mulatos Mine open pit grade of 0.93 g/t Au represents a 7% increase compared to 2012, and a 9% increase relative to the Company's budgeted heap leach grade of 0.85 g/t Au in 2014. The mineral reserve estimates for the Cerro Pelon and La Yaqui satellite deposits are unchanged from prior years and remain based on an $800 per ounce gold price. The higher grade nature of these two deposits of 1.6 g/t Au highlights the potential for low cost production growth from these projects starting in 2016. A successful exploration program at San Carlos resulted in an 18% or 32,000 ounce increase in high grade underground Proven and Probable mineral reserves to now total 209,500 ounces and a 43% increase in grade. San Carlos represents the primary source of high grade mill feed for the next four years, based on current throughput rates. The mineral reserve grade of 7.02 g/t Au represents a significant improvement from the previous mineral reserve grade of 4.92 g/t Au and the 5.3 g/t Au budgeted for high grade mill feed in 2014. In addition to the positive mineral reserve growth at San Carlos, Measured and Indicated mineral resources nearly doubled to 123,800 ounces, with the grade increasing to 6.16 g/t Au. The Company expects that with additional drilling, there is an opportunity to upgrade these mineral resources to mineral reserves. The success at San Carlos was the product of an aggressive exploration program in 2013 following up on high-grade mineralization along trend of the Northeast Extension. This area remains open for further delineation at depth and along strike, with ongoing drilling focused on adding new mineral resources and the conversion of existing mineral resources to mineral reserves. Including underground definition drilling, the Company has budgeted $13.3 million for exploration at Mulatos in 2014 with a significant portion being allocated to San Carlos. Based on the 2014 budgeted average throughput rate at the Mulatos Mine of 17,000 tonnes per day and a projected 700 tpd rate for the high grade mill, the remaining mineral reserve life of the Mulatos Mine is approximately eight years as of December 31, 2013.

Alamos Gold Inc. Declares Semi-Annual Dividend, Payable on April 30, 2014

Alamos Gold Inc. announced that the company's board of directors has declared a semi-annual dividend of USD 0.10 per common share. The dividend is payable on April 30, 2014 to shareholders of record as of the close of business on April 15, 2014.

Alamos Gold Inc. Appoints David Fleck to its Board of Directors

Alamos Gold Inc. announced the appointment of Mr. David Fleck to its Board of Directors, effective immediately. Mr. Fleck is the former President and CEO of Macquarie Capital Markets Canada, and the former Co-Head Equity Products and Executive Managing Director of BMO Financial Group.

 

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AGI

Industry Average

Valuation AGI Industry Range
Price/Earnings 29.8x
Price/Sales 4.1x
Price/Book 1.4x
Price/Cash Flow 24.5x
TEV/Sales 2.6x
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