Alamos Gold Declares Quarterly Dividend
06/05/2023 - 06:55 AM
TORONTO, June 05, 2023 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI ) (“Alamos” or the “Company”) today announced that the Company’s Board of Directors has declared a quarterly dividend of US$0.02 5 per common share. The Company has paid dividends for 14 consecutive years during which time $304 million has been returned to shareholders through dividends and share buybacks, including $20 million thus far in 2023.
The dividend is payable on June 29, 2023 to shareholders of record as of the close of business on June 15, 2023. This dividend qualifies as an “eligible dividend” for Canadian income tax purposes.
Dividend Reinvestment Plan
The Company has implemented a dividend reinvestment plan (“DRIP”). This gives shareholders the option of increasing their investment in Alamos, at a discount to the prevailing market price and without incurring any transaction costs, by electing to receive common shares in place of cash dividends. For shareholders that elect to participate in the DRIP, common shares will be issued from treasury at a 3% discount to the prevailing market price.
Enrollment in the DRIP is optional. Further information on the plan, including the forms needed to enroll are available on the Company’s website at http://www.alamosgold.com/investors/Dividend-Reinvestment-Plan . In order to be eligible to participate in the June 29, 2023 dividend, enrollment must be completed by 4:00 pm EST on the fifth business day prior to the June 15, 2023 dividend record date.
About Alamos
Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos mine in Sonora State, Mexico. Additionally, the Company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 1,900 people and is committed to the highest standards of sustainable development. The Company’s shares are traded on the TSX and NYSE under the symbol “AGI”.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Scott K. Parsons Senior Vice President, Investor Relations (416) 368-9932 x 5439
All amounts are in United States dollars, unless otherwise stated.
The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements
Certain of the statements made and information contained herein, other than statements of historical fact and historical information, is "forward-looking information" within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements are generally, but not always, identified by the use of forward-looking terminology such as "will", "may", “potential” or variations of such words that certain actions, events or results "could” "might" or "will" occur or be achieved. Forward-looking statements in this press release include information regarding planned dividend payments. The declaration and payment of dividends remains at the discretion of the Board of Directors and will depend on the Company's financial results, cash requirements, future prospects and other factors deemed relevant by the Board of Directors. Alamos cautions that forward-looking statements are necessarily based upon several factors and assumptions that, while considered reasonable by the Company at the time of making such statements, are inherently subject to significant business, economic, legal, political and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
AGI Rankings
#294 Ranked by Stock Gains
AGI Stock Data
Industry
Gold Ore Mining
Sector
Mining, Quarrying, and Oil and Gas Extraction
Tags
Non-Energy Minerals, Precious Metals, Mining, Quarrying, and Oil and Gas Extraction, Gold Ore Mining
Country
Canada
City
Toronto
About AGI
alamos is a canadian-based intermediate gold producer with diversified production from three operating mines in north america. this includes the young-davidson mine in northern ontario, canada and the mulatos and el chanate mines in sonora state, mexico. additionally, the company has a significant portfolio of exploration through advanced development stage projects in mexico, turkey, canada and the united states. alamos employs more than 1,300 people and is committed to the highest standards of sustainable development. alamosʼ core focus as a gold producer is to be a leader in growing low-cost production, a leader in financial performance, and a leader in delivering shareholder value. alamos has consistently achieved these key objectives throughout its history and they remain the focus of our strategy going forward. our commitment to principles of sustainable development has been a critical factor in our success to date, enabling us to maintain our social license from a broad range