The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Friday, 12th May 2006 (5114 views)

Alamos Gold has announced its unaudited interim financial results for the first quarter ending on March 31st.

The company sold a total of 22,670 ounces of gold resulting in proceeds of $12.5 million at a price of $551 per ounce.

Shares reached a price of $0.01, with first quarterly profit with earnings for the period totalling $0.6 million.

Furthermore, Alamos Gold also successfully commissioned the conveying and crushing system, as well as announcing the completion of the first phase of the development of the Mine.

The company also invested $1 million for the drilling and exploration at Escondida and El Victor zones.

 

« Back to Gold News stories