- Alamos Gold (AGI) issues downside Q4 guidance, seeing revenue $53.8M vs. ~$59M analyst consensus and a 50% Y/Y decrease reflecting a lower realized gold price and fewer ounces sold.
- For 2013, AGI sold a record 198.2K oz. of gold at a realized price of $1,424/oz., beating the average London PM Fix price by $13/oz.; annual revenues of $282M were down 14% Y/Y due to lower gold prices.
- AGI expects to produce 150K-170K oz. of gold in 2014 at all-in sustaining costs of $960-$1,000/oz. of gold sold; the lower production is primarily attributable to the transition to Escondida Deep and San Carlos in 2014.
Alamos Gold sees Q4 revenue below guidance, lowers 2014 production
Jan 16 2014, 08:22 ET