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Core Viewpoint - Alamos Gold Inc. has completed a non-brokered private placement, acquiring approximately 13.8% of Argonaut Gold Inc.'s outstanding shares for C$50 million, as part of a larger transaction to acquire all of Argonaut's shares [1][2][3]. Group 1: Private Placement Details - Alamos subscribed for 174,825,175 common shares of Argonaut at a price of C$0.286 per share, resulting in total gross proceeds of C$50 million for Argonaut [1][2]. - The proceeds from the private placement will be used by Argonaut to address immediate liquidity needs, including advancing the Magino Gold mine and general working capital, with a maximum of C$10 million allocated to U.S. and Mexican assets [2]. Group 2: Transaction Context - The private placement is part of an arrangement agreement between Alamos and Argonaut, which was established on March 27, 2024, for Alamos to acquire all issued and outstanding shares of Argonaut through a court-approved plan [2][3]. - Prior to the private placement, Alamos did not own any common shares of Argonaut, but now holds approximately 13.8% of the total outstanding shares [3]. Group 3: Company Profiles - Alamos Gold Inc. is a Canadian-based intermediate gold producer with operations in North America, including the Young-Davidson and Island Gold mines in Ontario, and the Mulatos mine in Mexico [5]. - Argonaut Gold Inc. is also a Canadian gold producer focused on becoming a low-cost, mid-tier producer, with its flagship asset being the Magino Mine, expected to be its largest and lowest-cost mine [6].

TORONTO, April 03, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today reported the completion of the previously announced acquisition (the "Transaction") of all the issued and outstanding common shares of Orford Mining Corporation (TSXV:ORM) ("Orford Mining"). A Final Order was granted by the Ontario Superior Court of Justice on April 2, 2024 approving the Plan of Arrangement pursuant to which the Transaction was implemented. "We are pleased to complete the acqui ...

Core Viewpoint - Alamos Gold Inc. is set to release its first quarter 2024 financial results on April 24, 2024, followed by a conference call on April 25, 2024, to discuss the results and an upcoming Annual General and Special Meeting of Shareholders on May 23, 2024 [1][2]. Financial Results and Conference Call - The first quarter 2024 financial results will be released after market close on April 24, 2024 [1]. - A conference call to discuss these results will take place on April 25, 2024, at 11:00 am ET [1][2]. - Participants can join the conference call via webcast or by dialing specific numbers provided [2]. Annual General and Special Meeting - The Annual General and Special Meeting of Shareholders is scheduled for May 23, 2024, at 4:00 pm ET, and will be held virtually [2]. - The record date for determining eligible shareholders is April 10, 2024 [3]. - Detailed voting and participation instructions will be provided in the Company's Notice of Annual Meeting of Shareholders and Management Information Circular [3]. Company Overview - Alamos Gold is a Canadian-based intermediate gold producer with operations in North America, including the Young-Davidson and Island Gold mines in Ontario, and the Mulatos mine in Mexico [4]. - The Company has a portfolio of growth projects, including the Phase 3+ Expansion at Island Gold and the Lynn Lake project in Manitoba [4]. - Alamos Gold employs over 1,900 people and is committed to sustainable development [4].

Core Viewpoint - Alamos Gold has experienced significant success and growth in gold production, particularly in its operations in Mexico, and is optimistic about future production increases and cost efficiencies [1][2]. Company Overview - Alamos Gold is a Canadian-based intermediate gold producer with diversified production from three operating mines located in North America: Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos Mine in Sonora, Mexico [1]. - The company employs over 1,900 people and has a growth pipeline that includes the phase 3+ expansion at Island Gold and the Lynn Lake project in Manitoba, Canada [1]. Production Forecast - For 2024, Alamos Gold is forecasting gold production of 505,000 ounces at an all-in sustaining cost (AISC) of $1,150 per ounce [1]. - The company anticipates a longer-term production increase to approximately 800,000 ounces at a reduced AISC of $1,025 per ounce [1]. Performance Highlights - The company has exceeded its overall production guidance, particularly noting strong performance from its Mexican operations in 2023 [2].

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES SASKATOON, Saskatchewan, Feb. 23, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV:GFG) (OTCQB:GFGSF) ("GFG" or the "Company") announces a private placement to raise gross proceeds of up to C$3.3 million (the "Offering"). As part of the Offering, the Company is pleased to announce that Alamos Gold Inc. (TSX:AGI, NYSE:AGI) has committed to purchase securities in the Offering to maintain their position at a 9.99% interest in the Company upo ...

Alamos Gold Inc. (NYSE:AGI) Q4 2023 Earnings Conference Call February 22, 2024 10:00 AM ET Company Participants Scott Parsons - Senior Vice President, Investor Relations John McCluskey - President & Chief Executive Officer Greg Fisher - Chief Financial Officer Luc Guimond - Chief Operating Officer Scott R.G. Parsons - Vice President of Exploration Conference Call Participants Cosmos Chiu - CIBC Ovais Habib - Scotiabank Operator Good morning and I will now turn the call over to Scott Parsons, Alamos's Senior ...

Fourth Quarter & Year-End 2023 Results Presentation February 22, 2024 ...

Production and Sales Performance - Alamos Gold produced a record 529,300 ounces of gold in 2023, a 15% increase from 2022, with fourth quarter production of 129,500 ounces[13]. - Full year gold sales totaled 526,258 ounces at an average realized price of $1,944 per ounce, generating record revenue of $1.0 billion, a 25% increase from 2022[13]. - Gold production for the full year 2023 was 529,300 ounces, up from 460,400 ounces in 2022, representing a 15% increase[121]. - Gold ounces sold in 2023 totaled 526,258, a significant increase from 456,574 ounces sold in 2022, representing a 15.2% growth[197]. - Young-Davidson produced 185,100 ounces of gold in 2023, achieving the low end of annual guidance[46]. - Island Gold produced 31,600 ounces in Q4 2023, a 22% decrease from the prior year, with full-year production totaling 131,400 ounces, achieving the mid-point of guidance[58]. - The Mulatos District produced 48,100 ounces in Q4 2023, a 2% decrease year-over-year, with full-year production totaling 212,800 ounces, exceeding the top end of guidance by 15%[69]. Financial Performance - Cash flow from operating activities reached a record $472.7 million in 2023, a 58% increase from the previous year[13]. - The company reported net earnings of $210.0 million for 2023, a significant increase from $37.1 million in the prior year, reflecting record operating performance and margin expansion[135]. - Operating revenues for the year ended December 31, 2023, were $1.0 billion, a 25% increase compared to the prior year, driven by increased production and higher average realized gold prices[129]. - Cash flow provided by operating activities for 2023 was $472.7 million, compared to $298.5 million in the prior year, driven by a 15% increase in ounces sold and higher operating margins[158]. - Operating revenues for Q4 2023 were $254.6 million, a 10% increase compared to $231.9 million in Q4 2022[122]. - The company realized net gains of $7.1 million on foreign currency contracts in 2023, a turnaround from net losses of $1.1 million in 2022[172]. Costs and Expenses - Total cash costs for 2023 were $850 per ounce, with all-in sustaining costs (AISC) at $1,160 per ounce, consistent with guidance[13]. - Total cash costs per ounce for Q4 2023 were $900, an increase of 11.1% from $810 in Q4 2022[197]. - All-in sustaining costs per ounce for Q4 2023 were $1,233, up from $1,138 in Q4 2022, indicating an 8.3% increase[197]. - Total cash costs for the Mulatos District were $957 per ounce in Q4 2023, with mine-site AISC at $1,030 per ounce, both higher than the prior year due to inflationary pressures[74]. - The company’s total cash costs for 2024 are expected to range from $825 to $875 per ounce, with mine-site AISC projected between $1,125 and $1,175 per ounce[29]. Capital Expenditures and Investments - The company continued to self-fund the majority of $178.1 million of growth capital invested in the Phase 3+ Expansion at Island Gold[13]. - The company’s total capital expenditures for 2024 are projected to be between $391 million and $431 million, including sustaining and growth capital[29]. - For the year ended December 31, 2023, the Company invested $348.9 million in capital expenditures, an increase of 11.5% from $313.7 million in the prior year[160]. - Capital expenditures for Young-Davidson totaled $67.2 million for the full year, a 6% decrease from the prior year[52]. - The company expects capital spending on the Lynn Lake project to total $25 million in 2024, focusing on site access upgrades and detailed engineering[89]. Exploration and Reserves - Year-end 2023 Mineral Reserves were reported at 10.7 million ounces of gold, a 2% increase from 2022, with grades increasing by 1%[16]. - Global Mineral Reserves increased to 10.7 million ounces of gold, a 2% increase from 2022, marking five consecutive years of growth[33]. - Island Gold's Mineral Reserves rose 18% to 1.7 million ounces, with combined Mineral Reserves and Resources increasing 16% to 6.1 million ounces[34]. - Exploration expenditures for Island Gold totaled $14.8 million in 2023, with a 16% increase in total Mineral Reserves and Resources to 6.1 million ounces[96][97]. - The updated Feasibility Study for the Lynn Lake project indicates a 44% larger Mineral Reserve totaling 2.3 million ounces, with a 23% increase in average annual gold production over the first 10 years[86]. Dividends and Shareholder Returns - Alamos paid dividends of $39.4 million, or $0.10 per share, for the full year[13]. - The Company declared a dividend of $0.025 per share in Q4 2023, totaling $39.4 million in dividends paid for the year, with $35.3 million paid in cash[161]. Future Guidance - The company issued three-year guidance on January 10, 2024, with increased production guidance for 2024 of between 485,000 and 525,000 ounces, expecting a 7% production increase by 2026 and an 11% decrease in AISC[16]. - Gold production in 2024 is expected to range between 485,000 and 525,000 ounces, a 3% increase from previous guidance[35]. - The global exploration budget for 2024 is set at $62 million, a 19% increase from $52 million in 2023[41].

TORONTO, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today reported its updated Mineral Reserves and Resources as of December 31, 2023. For a detailed summary by asset, refer to the tables below. Highlights Global Proven and Probable Mineral Reserves increased 2% to 10.7 million ounces of gold (202 million tonnes ("mt") grading 1.65 grams per tonne of gold ("g/t Au")), with grades increasing 1%, reflecting higher-grade additions at Island Gold and Puert ...