Alamos writes down Turkey assets

Mining News Pro - Canadian miner Alamos Gold has reported a second-quarter net loss of $172.5-million, or $0.44 a share, compared with a profit of $11.7-million in the corresponding period, after writing down the entire carrying value of its Turkish assets.

Alamos Gold seeks $1bn from Turkey over stalled Kirazli project

Mining News Pro - Canada’s Alamos Gold is seeking to obtain more than $1 billion from Turkey for what it deems as “unfair and inequitable treatment” of its Kirazli gold project, which has been halted since 2019 following protests and the expiration of the mining permit.

Alamos Gold seeks $1bn from Turkey linked to stalled project

معدن نیوز -Canada’s Alamos Gold is seeking to obtain more than $1 billion from Turkey for what it deems as “unfair and inequitable treatment” of its Kirazli gold project, which has been halted since 2019 following protests and the expiration of the mining permit.

Minera Alamos to fast-track development at Cerro de Oro

Mining News Pro - After acquiring the Cerro de Oro property in Mexico almost three months ago, Minera Alamos announced this week that it is fast-tracking development activities at the project.

Alamos adopts dividend reinstatement plan, appoints exploration VP

Mining News Pro - Gold miner Alamos Gold on Tuesday declared a quarterly dividend, announced a dividend reinstatement and share purchase plan (DRIP) and named a new VP for exploration.

Public comments invited on Alamos Gold’s Lynn Lake project

Mining News Pro - The Impact Assessment Agency of Canada has invited public and indigenous groups to comment on the potential environmental effects of Alamos Gold’s proposed Lynn Lake project, in Manitoba, as part of a federal environmental assessment.

Minera Alamos buys another Mexico project

Mining News Pro - Minera Alamos has acquired the Cerro de Oro gold project, comprising the Zacatecas I and Zacatecas II concessions near Concepcion del Oro, Zacatecas, Mexico.

Alamos commences construction of La Yaqui Grande project

Mining News Pro - Alamos Gold will proceed with the construction of its fully-permitted La Yaqui Grande project, in Sonora, Mexico, in the second half of 2020.

Minera Alamos stock up on new Santana drill results

Mining News Pro - Minera Alamos announced on Wednesday additional drill results from its Phase 2 drill program at the Santana gold project in Sonora, Mexico.

Alamos Gold confirms robbery at Mulatos mine

Mining News Pro - Management at Alamos Gold’s headquarters in Toronto have confirmed that the company’s wholly owned Mulatos gold mine in Mexico was robbed last week.

Minera Alamos starts construction on Santana mine in Mexico

Mining News Pro - Minera Alamos has started construction of its Santana open-pit heap leach mine in Sonora state and expects to transition from a developer to gold producer this year.

Red Pine gets investment boost, welcomes Alamos as shareholder

Mining News Pro - Red Pine Exploration announced Tuesday it has closed a private placement of approximately 25.9 million flow-through (FT) units and 82.1 million non-flow-through units of the company — both at a price of C$0.035 per unit — for aggregate gross proceeds of C$3.78 million.

Alamos Gold to hike dividend by 50% on ‘strong’ 2020 outlook

Mining News Pro - Canadian-based diversified gold miner Alamos Gold has provided its production and operating guidance for the upcoming year.

High grades continue at Alamos’ Island Gold mine

Mining News Pro - Alamos Gold of Toronto continues to cut high grades in a new area of focus between the Eastern and Main extensions at Island Gold.

Alamos receives permit for expansion of Island Gold mine

Mining News Pro - Toronto-based Alamos Gold has received the amended permit for expansion of the Island Gold mine to 1,200 t/d from the provincial Ministry of the Environment, Conservation and Parks.

Alamos Gold drills more high grade intersections at Island mine

Mining News Pro - Alamos Gold of Toronto is drilling more high grade intersections at the producing Island Gold mine 85 km northeast of Wawa. The company is focusing its attention on the Eastern, Main and Western extensions with both surface and underground drilling.

Minera Alamos attracts new coverage

Mining News Pro - Haywood Securities has initiated coverage of Minera Alamos (TSXV: MAI) with a buy rating and 12-month target price of C$0.40 per share—a 281% return from the junior’s current share price of C$0.11.

Alamos lifts FY18 output by 18% y/y

Mining News Pro - Alamos Gold produced 505 000 oz of gold in 2018, meeting its guidance and marking an 18% year-on-year increase.

Alamos Gold drills highest grades yet at Island mine

Mining News Pro - Alamos Gold of Toronto reports the highest grades from surface drilling in the Western extension at the Island gold mine near Wawa. High grades were also recorded from across the Main and Eastern extensions.

Alamos Reports New Mineralization At Island Gold Mine

Mining News Pro - Although the uranium market has showed a “marked” improved over the past year, Canadian uranium major Cameco has cautioned that prices are still nowhere near where they have to be to restart the idled production capacity, let alone incentivise new production opportunities.

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