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Alamos Gold: 2Q Earnings Snapshot

August 1, 2019

TORONTO (AP) _ Alamos Gold Inc. (AGI) on Wednesday reported second-quarter net income of $23.6 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Toronto-based company said it had net income of 6 cents. Earnings, adjusted for non-recurring gains, came to 5 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The gold mining company posted revenue of $168.1 million in the period.

Alamos Gold shares have climbed 82% since the beginning of the year. The stock has climbed 20% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGI at https://www.zacks.com/ap/AGI

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