Alamos Gold reports record production, revenues and free cash flow in second quarter

- Alamos Gold announced Wednesday it produced a record 136,000 ounces of gold in Q2 2023, exceeding quarterly guidance of 120,000 to 130,000 ounces.

Importantly, Alamos said that financially it was a record quarter on a number of fronts reflecting the strong operational performance and higher gold prices, adding that the company generated record quarterly revenues, cash flow from operations and free cash flow. Alamos also reported net earnings of $75.1 million in the quarter, compared to $6.4 million in the prior year period, as well as adjusted earnings of $59.3 million , or $0.15 per share.

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