Alamos Gold Inc. is engaged in exploration, mine development, and mining and production of precious metals, primarily gold. The Company owns 100% of the 28,500 hectare Salamandra group of concessions located in the state of Sonora, Mexico. The Salamandra group of concessions includes the Mulatos mine (Mine) and numerous other exploration targets throughout the district. The Mine produces gold in dore bars from the Estrella Pit for shipment to a refinery. Exploration activities during the year ended December 31, 2008, were primarily focused on near-mine reserve expansion and regional exploration targets. As of December 31, 2008, the gold production at the Mine was 151,000 ounces.
Quick Financial Synopsis
BRIEF: For the six months ended 30 June 2009, Alamos Gold Inc.'s revenues increased 22% to $77.55M. Net income increased 83% to $21.8M. Revenues reflect an increase in the sales of gold production due to higher productivity and more efficient mining operations. Net income also reflects higher operating margins, an increase in interest income, the absence of interest expense and exclusion of accretion of convertible debenture discount charges.
Company Address
Alamos Gold Inc.
120 Adelaide Street West Suite 2010 Tronto ON M5H 1T1
P: +1416.3689932 F: +1416.3682934