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Alamos sinks on disappointing Q1 earnings

Canadian mid-tier miner Alamos Gold has reported lower than expected March-quarter headline earnings because of lower revenues, which were impacted by lower gold sales due to the timing of shipments.

Staff Reporter
Alamos Gold's Island Gold mine in Ontario has added low-cost production during the March-quarter

Alamos Gold's Island Gold mine in Ontario has added low-cost production during the March-quarter

The company reported adjusted profit of US$10.3 million, or 3c per share, down from $12.3 million in the same period of 2018. This came in 2c lower than average Wall Street analyst forecasts of 5c/share....

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