- 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.
at MarketWatch.com (Aug 22, 2013)