Alamos Gold Declares Semi-Annual Dividend
March 31 2014 - 2:04PM
Marketwired
Alamos Gold Declares Semi-Annual Dividend
TORONTO, ONTARIO--(Marketwired - Mar 31, 2014) -
All amounts are in United States dollars, unless otherwise
stated.
Alamos Gold Inc. (TSX:AGI)(NYSE:AGI) ("Alamos" or the "Company")
is pleased to announce that the Company's Board of Directors has
declared a semi-annual dividend of US$0.10 per common share. This
represents the Company's 9th consecutive semi-annual dividend and
once again demonstrates its commitment to returning value to
shareholders. Including the current dividend, the Company has paid
a total of $84 million in dividends to shareholders over the past
five years.
"While many industry participants have reduced their dividends
due to lower gold prices, Alamos has maintained its dividend at the
same level, reflecting both our financial strength and our ability
to continue to generate strong cash flows from the Mulatos Mine.
With over $410 million in cash and no debt, we have one of the
strongest balance sheets in the industry and the ability to
internally fund our growth pipeline," said John A. McCluskey,
President and Chief Executive Officer.
The dividend is payable on April 30, 2014 to shareholders of
record as of the close of business on April 15, 2014. This dividend
qualifies as an "eligible dividend" for Canadian income tax
purposes.
About Alamos
Alamos is an established Canadian-based gold producer that owns
and operates the Mulatos Mine in Mexico, and has exploration and
development activities in Mexico, Turkey and the United States. The
Company employs more than 550 people and is committed to the
highest standards of sustainable development. Alamos has
approximately $410 million in cash and cash equivalents, is
debt-free, and unhedged to the price of gold. As of March 28, 2014,
Alamos had 127,357,488 common shares outstanding (139,229,554
shares fully diluted), which are traded on the TSX and NYSE under
the symbol "AGI".
Cautionary Note
The TSX and NYSE have not reviewed and do not accept
responsibility for the adequacy or accuracy of this release. No
stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained
herein.
Alamos Gold Inc.Scott K. ParsonsDirector, Investor
Relations(416) 368-9932 x 439
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