BRIEF-Alamos says produced 190,000 ounces of gold in 2014

Thu, 16 Jan - 9:12pm

Jan 16 (Reuters) - Alamos Gold Inc AGI.TO :

* Achieves 2013 production guidance and outlines 2014 plans

* Says produced 190,000 ounces of gold in 2014 and sold 198,200 ounces at a

total cash cost per ounce of approximately $500

* Says expects to have depleted the escondida high-grade zone by the end of the

first quarter of 2014

* In fourth quarter of 2013, the mulatos mine produced 39,000 ounces of gold,

bringing full year production to 190,000 ounces

* Says Alamos sold 42,200 ounces of gold in the fourth quarter of 2013 for

quarterly revenues of $53.8 million, a 50% decrease

* Says anticipates producing between 150,000 and 170,000 ounces of gold in 2014

* Says total cash costs for fy13year not been finalized, but are expected to be

at low end of guidance at about $500 per ounce of gold sold

* Says company anticipates producing between 150,000 and 170,000 ounces of gold

in 2014

* Says intends to transition to processing high grade from the San Carlos zone

once the escondida deep zone has been depleted

* Lower gold production planned for 2014 primarily due to lower budgeted grade

for the mill feed of 5.3 g/t au in 2014

* Source text for Eikon News Search ID:nMKWdtBt3a

* Further company coverage AGI.TO ((Bangalore Newsroom; +1 646 223 8780))

URN: 
urn:newsml:reuters.com:20140116:nASA08MCS:14
Topics: 
US RES CMPNY CA PREC HECA MINE BLR LEN RTRS BACT MIN GDM RESF BMAT PHMR DRU MTAL AMERS

Contact Us

Due to the security nature of our business, personal meetings are only by pre-arranged appointment.
Phone at any time on

1300 987 995

info@ausmint.com