Alamos Gold Declares Quarterly Dividend
June 02 2020 - 8:00AM
Alamos Gold Inc. (
TSX:AGI;
NYSE:AGI) (“Alamos” or the “Company”) today announced that
the Company’s Board of Directors has declared a quarterly dividend
of US$0.015 per common share. The Company has paid dividends for 11
consecutive years during which time $173 million has been returned
to shareholders through dividends and share buybacks.
The dividend is payable on June 30, 2020 to shareholders of
record as of the close of business on June 16, 2020. This dividend
qualifies as an “eligible dividend” for Canadian income tax
purposes.
Dividend Reinvestment and Share Purchase
Plan
The Company has implemented a dividend reinvestment and share
purchase plan (“DRIP”). This gives shareholders the option of
increasing their investment in Alamos, at a discount to the
prevailing market price and without incurring any transaction
costs, by electing to receive common shares in place of cash
dividends. For shareholders that elect to participate in the DRIP,
common shares will be issued from treasury at a 2% discount to the
prevailing market price.
Shareholders who elect to participate in the DRIP will also have
the option of acquiring additional common shares in the Company
(subject to limitations) at the same 2% discount to the prevailing
market price, and without incurring additional transaction
costs.
Enrollment in the DRIP is optional. Further information on the
plan, including the forms needed to enroll are available on the
Company’s website at
http://www.alamosgold.com/investors/Dividend-Reinvestment-Plan. In
order to be eligible to participate in the June 30, 2020 dividend,
enrollment must be completed by 4:00 pm EST on the fifth business
day prior to the June 16, 2020 dividend record date.
About Alamos
Alamos is a Canadian-based intermediate gold producer with
diversified production from three operating mines in North America.
This includes the Young-Davidson and Island Gold mines in northern
Ontario, Canada and the Mulatos mine in Sonora State, Mexico.
Additionally, the Company has a significant portfolio of
development stage projects in Canada, Mexico, Turkey, and the
United States. Alamos employs more than 1,700 people and is
committed to the highest standards of sustainable development. The
Company’s shares are traded on the TSX and NYSE under the symbol
“AGI”.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Scott K. Parsons |
|
Vice President, Investor Relations |
|
(416) 368-9932 x 5439 |
|
All amounts are in United States dollars, unless otherwise
stated.
The TSX and NYSE have not reviewed and do not accept
responsibility for the adequacy or accuracy of this release.
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