Alamos Gold Reports Strong Q4 Earnings
Toronto-based Alamos Gold Inc. (AGI) reported earnings of $87.6 million for the fourth quarter, exceeding analysts' expectations. Adjusted earnings per share reached 25 cents, surpassing the consensus estimate of 21 cents.
Revenue for the quarter totaled $375.8 million, while net income for the year stood at $284.3 million (69 cents per share) on revenue of $1.35 billion.
Shares of Alamos Gold have surged 23% since the start of the year and closed Wednesday's trading session at $22.68, marking a 93% gain over the past 12 months.