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Alamos Gold posts net earnings of $37M in 2022 as production was in line with guidance

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Alamos Gold posts net earnings of $37M in 2022 as production was in line with guidance gold mining Alamos

- Alamos Gold reported today that the company produced 460,400 ounces of gold in 2022 , achieving the mid-point of annual guidance.

Alamos added that 2022 total cash costs of $884 per ounce , AISC of $1,204 per ounce , and cost of sales of $1,334 per ounce were in line with annual guidance. Production is expected to increase 9% in 2023 at declining costs, with a 17% decrease in AISC expected by 2025. This is expected to drive strong free cash flow over the next three years while continuing to fund the Phase 3+ Expansion, it said.

Additionally, the company said that Measured and Indicated Mineral Resources increased 14% to 3.9 million ounces and Inferred Mineral Resources increased 2% to 7.1 million ounces.

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