Alamos Gold Inc. reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2013. For the quarter, the company's earnings before income taxes were $38.8 million or $0.31 per basic share compared to $39.5 million or $0.33 per basic share in the first quarter of 2012. On an after-tax basis, earnings of $26.0 million or $0.20 per diluted share decreased 12% over the net earnings of $29.47 million or $0.24 per diluted share for the comparable period of 2012 as a result of higher amortization attributed to mill production, costs incurred related to the Aurizon offer, and a higher effective tax rate, partially offset by a higher number of ounces sold during the period. Strong operating margins from high realized gold prices and continued low cash costs contributed to the company generating substantial cash provided by operating activities and earnings in the first quarter of 2013. Cash from operating activities before changes in non-cash working capital of $40.4 million or $0.32 per basic share decreased 10% relative to $44.92 million for the same period of 2012. Capital expenditures totalled $13.9 million. Sustaining capital spending in Mexico in the first quarter included operating and expansion capital of $4.1 million, consisting of $2.0 million for component changes on mobile equipment, $1.2 million for interlift liners on the leach pad, and $0.9 million invested in other smaller capital projects. Earnings from operations were $41.72 million compared to $37.05 million reported a year ago. Operating revenues were $86.3 million compared to $70.26 million reported a year ago. Cash provided by operating activities was $32.96 million compared to $36.08 million reported a year ago. Exploration and evaluation assets were $6.30 million compared to $3.03 million reported a year ago. Mineral property, plant and equipment were $7.60 million compared to $13.18 million reported a year ago. Gold production of 55,000 ounces in the first quarter of 2013 increased 36% compared to 40,500 ounces in the first quarter of 2012. Higher gold production in the first quarter of 2013 relative to the first quarter of 2012 was primarily attributable to higher crusher throughput. In addition, production in the first quarter of 2013 benefitted from a full quarter of production from the Escondida high-grade zone compared to a commissioning period in the first quarter of 2012. Crusher throughput in the first quarter of 2013 averaged 17,900 tpd, 29% higher than 13,900 tpd in the same period last year and above the annual average budgeted rate of 17,500 tpd. Mill throughput met budgeted levels of 500 tpd. Crushed ore milled was 45,600 tonnes compared to 25,000 tonnes reported a year ago. Total ore mined was 1,509,900 tonnes compared to 1,270,000 tonnes reported a year ago. 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.

Alamos Gold Inc. (TSX:AGI) seeks acquisitions. "With nearly $490 million in cash and equity investments, no debt, and strong operating cash flow, Alamos plans to grow both organically and through acquisition," said John A. McCluskey, President and Chief Executive Officer of Alamos Gold.

Alamos Gold Inc. announced that they will report Q1, 2013 results at 9:00 AM, Eastern Standard Time on Apr 25, 2013