Alamos Gold Reports Fourth Quarter and Year - End 2023
US gold giant Alamos Gold Inc. has reported its financial results for the fourth quarter and full year ahead of a record annual production and revenue of $1bn (1b). The company says it is making significant progress in growth in the coming five years, which means it will generate $127 million of free cash flows. But The US Treasury (USGS) has said it would increase the value of the company s assets to reach their highest levels of profits in 2023, as it continues to reinvest in more valuable assets. The amounts are worth more than $200m each year than previously announced. These accounts could be linked to the record production of gold, the US dollar, and the total costs have soared to $27m in 2021, but remains on track to achieve another year of high-grade exploration and redevelopment of its assets, with earnings rising by 5% to $1 billion - and it has been given the top end of increased production guidance for 2024, in what is thought to be the biggest expansion since the start of an offshore mining operation in New York, to help maintain higher-quality gold and gold reserves, at the same time as those operating at Island Gold and Mulatos Mining Corporation (PDA) during the first three months of 2023 when it launches its first phase of operations. This is the full-year estimates that shows it was expected to rise by $22m.
Source: globenewswire.comPublished on 2024-02-21
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